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

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AltaCorp Capital upgraded shares of AutoCanada (TSE:ACQ) from a sector perform rating to an outperform rating in a research report released on Sunday morning, Zacks.com reports.

Several other research firms have also weighed in on ACQ. GMP Securities restated an average rating and set a C$16.00 target price on shares of AutoCanada in a report on Wednesday, May 8th. Canaccord Genuity lowered shares of AutoCanada from a buy rating to a hold rating and reduced their target price for the company from C$14.00 to C$10.00 in a report on Monday, May 6th. Clarus Securities restated a buy rating on shares of AutoCanada in a report on Friday, August 9th. Finally, CIBC reduced their target price on shares of AutoCanada from C$12.50 to C$11.00 in a report on Monday, May 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. AutoCanada presently has a consensus rating of Buy and a consensus price target of C$12.46.

Shares of TSE ACQ opened at C$9.61 on Friday. The company has a debt-to-equity ratio of 352.13, a current ratio of 1.09 and a quick ratio of 0.19. The stock has a market cap of $268.96 million and a PE ratio of -5.18. The company’s fifty day moving average is C$10.03. AutoCanada has a 52-week low of C$8.36 and a 52-week high of C$13.92.

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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