AutoCanada Inc. (TSE:ACQ) Receives C$19.44 Consensus Price Target from Analysts

Shares of AutoCanada Inc. (TSE:ACQ) have earned an average rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is C$19.44.

Several equities research analysts have commented on the stock. Cormark cut their price target on shares of AutoCanada from C$25.50 to C$21.75 in a report on Wednesday, August 14th. ATB Capital reduced their target price on shares of AutoCanada from C$25.00 to C$20.00 in a report on Wednesday, August 14th. National Bank Financial raised AutoCanada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 13th. National Bankshares upgraded AutoCanada from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$17.00 to C$21.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their target price on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th.

AutoCanada Stock Up 1.0 %

ACQ opened at C$18.75 on Friday. The company has a debt-to-equity ratio of 444.38, a quick ratio of 0.25 and a current ratio of 1.03. The company has a market capitalization of C$434.81 million, a PE ratio of -11.85, a P/E/G ratio of 0.30 and a beta of 2.54. The stock’s fifty day moving average is C$16.20 and its 200-day moving average is C$17.55. AutoCanada has a one year low of C$13.75 and a one year high of C$27.44.

Insider Transactions at AutoCanada

In other AutoCanada news, insider EdgePoint Investment Group Inc. bought 11,400 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were acquired at an average cost of C$14.33 per share, for a total transaction of C$163,349.46. In the last quarter, insiders have bought 93,700 shares of company stock valued at $1,400,015. 4.90% of the stock is owned by corporate insiders.

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.