AutoCanada (ACQ) Given “Average” Rating at GMP Securities

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GMP Securities reaffirmed their average rating on shares of AutoCanada (TSE:ACQ) in a research note released on Wednesday morning, AnalystRatings.com reports. The firm currently has a C$16.00 price target on the stock.

Other analysts have also issued reports about the stock. Canaccord Genuity lowered shares of AutoCanada from a buy rating to a hold rating and cut their target price for the stock from C$14.00 to C$10.00 in a research note on Monday, May 6th. CIBC cut their target price on shares of AutoCanada from C$13.00 to C$12.50 in a research note on Tuesday, March 19th. Finally, National Bank Financial cut their target price on shares of AutoCanada from C$12.50 to C$10.00 and set a sector perform rating on the stock in a research note on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. AutoCanada presently has an average rating of Hold and a consensus target price of C$13.89.

ACQ stock opened at C$11.48 on Wednesday. The company has a debt-to-equity ratio of 361.91, a quick ratio of 0.20 and a current ratio of 1.08. AutoCanada has a fifty-two week low of C$8.36 and a fifty-two week high of C$18.00. The company has a market cap of $315.24 million and a P/E ratio of -3.61.

AutoCanada (TSE:ACQ) last released its earnings results on Thursday, March 14th. The company reported C($0.34) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.26 by C($0.60). The company had revenue of C$782.79 million for the quarter, compared to analysts’ expectations of C$760.92 million. Analysts anticipate that AutoCanada will post 1.41000000770492 EPS for the current year.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. 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, extended service contracts, vehicle protection products, and other after-market products.

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Analyst Recommendations for AutoCanada (TSE:ACQ)

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