AutoCanada (TSE:ACQ) Stock Rating Upgraded by Acumen Capital

Acumen Capital upgraded shares of AutoCanada (TSE:ACQ) from a hold rating to a speculative buy rating in a research note issued to investors on Friday,BayStreet.CA reports. They currently have C$22.50 price target on the stock, up from their prior price target of C$20.00.

Several other equities analysts also recently weighed in on ACQ. Canaccord Genuity Group lifted their price target on shares of AutoCanada from C$17.00 to C$22.00 in a report on Thursday. CIBC decreased their price objective on shares of AutoCanada from C$17.00 to C$15.00 and set an “underperform” rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, AutoCanada has a consensus rating of “Hold” and a consensus price target of C$19.98.

AutoCanada Stock Down 3.2 %

TSE ACQ opened at C$17.52 on Friday. AutoCanada has a 52 week low of C$13.75 and a 52 week high of C$27.44. The company has a quick ratio of 0.25, a current ratio of 1.03 and a debt-to-equity ratio of 451.54. The company has a market capitalization of C$407.72 million, a P/E ratio of -8.08, a price-to-earnings-growth ratio of 0.30 and a beta of 2.54. The stock’s 50-day moving average price is C$17.93 and its 200-day moving average price is C$17.06.

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.