AutoCanada (TSE:ACQ) Given New C$22.00 Price Target at National Bankshares

AutoCanada (TSE:ACQ) had its price objective reduced by stock analysts at National Bankshares from C$24.50 to C$22.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 2.95% from the company’s current price.

Other analysts have also recently issued reports about the stock. BMO Capital Markets lowered their target price on shares of AutoCanada from C$26.00 to C$24.00 and set a “market perform” rating for the company in a research note on Friday, November 10th. Cormark lowered their target price on shares of AutoCanada from C$33.00 to C$29.50 in a research note on Friday. ATB Capital lowered their price objective on shares of AutoCanada from C$70.00 to C$62.00 in a research note on Friday, November 10th. CIBC lowered their price objective on shares of AutoCanada from C$26.00 to C$22.50 and set a “neutral” rating for the company in a research note on Friday, November 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of AutoCanada to C$23.00 and gave the company a “hold” rating in a research note on Thursday, December 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$27.10.

AutoCanada Trading Up 2.2 %

ACQ stock traded up C$0.45 during midday trading on Friday, hitting C$21.37. The stock had a trading volume of 63,556 shares, compared to its average volume of 28,779. The firm has a market cap of C$504.55 million, a PE ratio of 6.40, a price-to-earnings-growth ratio of 0.30 and a beta of 2.62. The company has a debt-to-equity ratio of 373.62, a current ratio of 1.02 and a quick ratio of 0.25. AutoCanada has a 12-month low of C$15.14 and a 12-month high of C$27.54. The company’s 50-day moving average price is C$21.86 and its 200 day moving average price is C$22.60.

About AutoCanada

AutoCanada Inc, through its subsidiaries, operates franchised automobile dealerships. 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, and vehicle protection, after-market products, and auction services.