Sonic Automotive, Inc. (NYSE:SAH - Get Free Report) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $72.90 and last traded at $69.55, with a volume of 675 shares. The stock had previously closed at $70.08.
Analyst Ratings Changes
A number of research firms have recently commented on SAH. Needham & Company LLC reiterated a "buy" rating and set a $74.00 target price on shares of Sonic Automotive in a research report on Thursday, January 16th. Morgan Stanley upgraded Sonic Automotive from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $40.00 to $58.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. cut their target price on Sonic Automotive from $75.00 to $74.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Bank of America cut their target price on Sonic Automotive from $67.00 to $66.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. Finally, Seaport Res Ptn upgraded Sonic Automotive from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $67.20.
View Our Latest Stock Report on Sonic Automotive
Sonic Automotive Price Performance
The stock has a fifty day simple moving average of $65.93 and a two-hundred day simple moving average of $60.82. The company has a market cap of $2.36 billion, a PE ratio of 12.31 and a beta of 1.67. The company has a current ratio of 1.11, a quick ratio of 0.35 and a debt-to-equity ratio of 1.87.
Sonic Automotive (NYSE:SAH - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $1.26 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by ($0.17). Sonic Automotive had a net margin of 1.41% and a return on equity of 21.27%. The business had revenue of $3.49 billion during the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the prior year, the firm posted $2.02 EPS. Sonic Automotive's revenue for the quarter was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Sonic Automotive, Inc. will post 5.61 EPS for the current fiscal year.
Institutional Investors Weigh In On Sonic Automotive
A number of institutional investors have recently added to or reduced their stakes in SAH. R Squared Ltd purchased a new stake in shares of Sonic Automotive during the 4th quarter worth approximately $72,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in Sonic Automotive by 100.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,196 shares of the company's stock valued at $70,000 after buying an additional 599 shares in the last quarter. Point72 DIFC Ltd lifted its stake in Sonic Automotive by 6.9% in the 2nd quarter. Point72 DIFC Ltd now owns 2,900 shares of the company's stock valued at $158,000 after buying an additional 187 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Sonic Automotive in the 4th quarter valued at approximately $244,000. Finally, Intech Investment Management LLC purchased a new stake in Sonic Automotive in the 2nd quarter valued at approximately $228,000. Hedge funds and other institutional investors own 46.92% of the company's stock.
About Sonic Automotive
(
Get Free Report)
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.
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