AutoCanada (TSE:ACQ) Reaches New 52-Week Low at $17.76

AutoCanada Inc. (TSE:ACQ) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$17.76 and last traded at C$17.84, with a volume of 17304 shares. The stock had previously closed at C$18.54.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ACQ shares. National Bankshares dropped their target price on shares of AutoCanada from C$24.00 to C$22.00 and set a “sector perform” rating on the stock in a report on Friday, May 3rd. ATB Capital lowered shares of AutoCanada from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$62.00 to C$25.00 in a report on Friday, May 3rd. Scotiabank dropped their price target on AutoCanada from C$28.00 to C$25.50 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Canaccord Genuity Group reduced their price objective on AutoCanada from C$20.00 to C$18.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Finally, CIBC downgraded AutoCanada from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from C$25.00 to C$18.00 in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$23.00.

AutoCanada Stock Performance

The stock has a market cap of C$422.69 million, a PE ratio of 10.88, a P/E/G ratio of 0.30 and a beta of 2.65. The business’s fifty day moving average price is C$19.63 and its 200-day moving average price is C$21.71. The company has a debt-to-equity ratio of 408.35, a quick ratio of 0.25 and a current ratio of 1.05.

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.