AutoCanada (TSE:ACQ) Price Target Raised to C$18.50

AutoCanada (TSE:ACQ) had its target price raised by equities research analysts at ATB Capital from C$18.00 to C$18.50 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. ATB Capital’s target price points to a potential upside of 14.76% from the company’s current price.

A number of other research firms also recently issued reports on ACQ. CIBC cut their price target on AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating for the company in a research note on Thursday, March 20th. Acumen Capital upgraded AutoCanada from a “hold” rating to a “speculative buy” rating and upped their price target for the stock from C$20.00 to C$22.50 in a report on Friday, March 21st. Finally, Canaccord Genuity Group increased their price target on AutoCanada from C$17.00 to C$22.00 and gave the company a “strong-buy” rating in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$19.83.

AutoCanada Stock Down 3.1 %

AutoCanada stock opened at C$16.12 on Thursday. The firm has a market capitalization of C$375.14 million, a price-to-earnings ratio of -7.44, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The firm’s fifty day moving average price is C$17.90 and its two-hundred day moving average price is C$17.15. AutoCanada has a 1-year low of C$13.75 and a 1-year high of C$26.88. The company has a current ratio of 1.03, a quick ratio of 0.25 and a debt-to-equity ratio of 451.54.

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.