AutoCanada Inc. (TSE:ACQ) Given Consensus Recommendation of “Hold” by Analysts

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

Several equities research analysts recently weighed in on the stock. Cormark reduced their price target on shares of AutoCanada from C$25.50 to C$21.75 in a research report on Wednesday, August 14th. National Bankshares raised shares of AutoCanada from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$17.00 to C$21.00 in a report on Thursday, November 14th. ATB Capital reduced their price objective on AutoCanada from C$25.00 to C$20.00 in a research note on Wednesday, August 14th. Royal Bank of Canada decreased their price objective on AutoCanada from C$21.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Finally, BMO Capital Markets dropped their target price on AutoCanada from C$19.50 to C$19.00 in a report on Thursday, November 14th.

AutoCanada Stock Performance

TSE:ACQ opened at C$18.60 on Friday. The company has a market cap of C$431.33 million, a price-to-earnings ratio of -11.85, a PEG ratio of 0.30 and a beta of 2.54. AutoCanada has a 1 year low of C$13.75 and a 1 year high of C$27.44. The stock’s 50 day simple moving average is C$16.05 and its two-hundred day simple moving average is C$17.56. The company has a debt-to-equity ratio of 444.38, a current ratio of 1.03 and a quick ratio of 0.25.

Insider Activity at AutoCanada

In related news, insider EdgePoint Investment Group Inc. bought 11,400 shares of the company’s stock in a transaction on 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. Insiders acquired a total of 111,900 shares of company stock worth $1,670,917 in the last quarter. 4.90% of the stock is owned by company 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.