CIBC Boosts AutoCanada (TSE:ACQ) Price Target to C$17.00

AutoCanada (TSE:ACQ) had its target price lifted by CIBC from C$16.00 to C$17.00 in a report released on Monday morning,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets cut their price objective on AutoCanada from C$19.50 to C$19.00 in a research report on Thursday, November 14th. National Bankshares raised AutoCanada from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$17.00 to C$21.00 in a research note on Thursday, November 14th. Finally, National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of C$19.67.

AutoCanada Trading Up 3.2 %

Shares of ACQ opened at C$18.97 on Monday. The stock has a fifty day moving average price of C$18.25 and a two-hundred day moving average price of C$16.91. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. AutoCanada has a 52-week low of C$13.75 and a 52-week high of C$27.44. The company has a market cap of C$439.91 million, a price-to-earnings ratio of -12.08, a PEG ratio of 0.30 and a beta of 2.54.

AutoCanada Company Profile

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships and related business. The company offers a range of automotive products and services, including new and used vehicles, vehicle leasing, vehicle parts, vehicle maintenance and collision repair services, and extended service contracts; and vehicle protection, after-market products, and auction services.