AutoCanada (TSE:ACQ) Hits New 1-Year High at $13.76

Shares of AutoCanada Inc. (TSE:ACQ) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$13.76 and last traded at C$13.69, with a volume of 60377 shares changing hands. The stock had previously closed at C$13.38.

ACQ has been the subject of several recent research reports. CIBC boosted their price target on shares of AutoCanada from C$11.00 to C$12.00 in a research note on Monday, November 11th. AltaCorp Capital raised AutoCanada from a “sector perform” rating to an “outperform” rating in a research report on Sunday, August 11th. Finally, Clarus Securities reiterated a “buy” rating on shares of AutoCanada in a research note on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. AutoCanada has an average rating of “Hold” and a consensus price target of C$12.00.

The business has a 50-day simple moving average of C$10.64 and a 200-day simple moving average of C$9.92. The company has a debt-to-equity ratio of 347.02, a quick ratio of 0.21 and a current ratio of 1.07. The company has a market cap of $371.78 million and a price-to-earnings ratio of -9.62.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 16th will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.94%. AutoCanada’s payout ratio is -28.33%.

About AutoCanada (TSE:ACQ)

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.

Recommended Story: Why do analysts give a neutral rating?

Receive News & Ratings for AutoCanada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AutoCanada and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit