AutoCanada Inc. (TSE:ACQ – Get Free Report) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$19.11.
ACQ has been the subject of several recent analyst reports. BMO Capital Markets lowered their price target on AutoCanada from C$21.00 to C$19.50 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. ATB Capital lowered their price objective on AutoCanada from C$25.00 to C$20.00 in a research report on Wednesday, August 14th. Royal Bank of Canada reduced their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. CIBC dropped their price objective on AutoCanada from C$18.00 to C$15.50 and set an “underperform” rating on the stock in a research report on Wednesday, August 14th. Finally, National Bankshares decreased their target price on AutoCanada from C$20.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th.
Check Out Our Latest Stock Report on ACQ
Insider Activity at AutoCanada
AutoCanada Trading Down 0.8 %
ACQ opened at C$15.28 on Monday. The stock has a market cap of C$354.34 million, a PE ratio of -9.73, a PEG ratio of 0.30 and a beta of 2.54. The business has a 50 day moving average of C$15.33 and a 200-day moving average of C$18.58. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.54. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 444.38.
AutoCanada (TSE:ACQ – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported C($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.34 by C($1.30). AutoCanada had a negative net margin of 0.59% and a negative return on equity of 6.62%. The business had revenue of C$1.60 billion for the quarter, compared to analysts’ expectations of C$1.62 billion. Equities research analysts predict that AutoCanada will post 2.4311927 earnings per share for the current fiscal year.
About AutoCanada
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.
Further Reading
- Five stocks we like better than AutoCanada
- What is the Hang Seng index?
- Real Estate Sector Outperforms: 3 Stocks to Gain Exposure
- What Are the FAANG Stocks and Are They Good Investments?
- Lam Research Proves Analysts Wrong with a Strong Earnings Report
- What Are Trending Stocks? Trending Stocks Explained
- PureCycle: Up 250% in 2024 – Is This Materials Stock Still a Buy?
Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with MarketBeat.com's FREE daily email newsletter.