Sonic Automotive (NYSE:SAH – Get Ranking) experienced its value goal slash by study analysts at Morgan Stanley from $40.00 to $33.00 in a report issued on Thursday, The Fly studies. The organization presently has an “underweight” rating on the inventory. Morgan Stanley’s cost goal would counsel a opportunity draw back of 9.79% from the company’s present selling price.
A amount of other analysts also a short while ago issued reviews on SAH. JPMorgan Chase & Co. downgraded Sonic Automotive from an “overweight” score to a “neutral” rating and cut their value goal for the inventory from $70.00 to $57.00 in a study report on Thursday, April 7th. StockNews.com upgraded Sonic Automotive from a “hold” score to a “buy” ranking in a report on Friday, June 17th. Eventually, Seaport Res Ptn slice Sonic Automotive from a “buy” ranking to a “neutral” rating in a report on Friday, April 29th.
Sonic Automotive Stock Up 4.1 %
Shares of NYSE:SAH opened at $36.58 on Thursday. The small business has a 50-day moving typical selling price of $41.11 and a 200 working day shifting typical selling price of $45.41. The business has a present ratio of 1.10, a rapid ratio of .46 and a credit card debt-to-equity ratio of 1.45. The firm has a market place capitalization of $1.45 billion, a rate-to-earnings ratio of 3.99 and a beta of 2.07. Sonic Automotive has a 12-thirty day period lower of $34.17 and a 12-month substantial of $58.00.
Sonic Automotive (NYSE:SAH – Get Ranking) very last issued its quarterly earnings facts on Thursday, April 28th. The organization reported $2.33 earnings per share (EPS) for the quarter, lacking analysts’ consensus estimates of $2.45 by ($.12). The small business had profits of $3.59 billion for the quarter, in contrast to analyst estimates of $3.70 billion. Sonic Automotive had a return on equity of 39.37% and a internet margin of 2.97%. The firm’s income for the quarter was up 28.7% as opposed to the exact quarter final calendar year. During the identical time period in the preceding yr, the business posted $1.23 earnings for every share. Offer-facet analysts hope that Sonic Automotive will post 10.13 EPS for the latest yr.
Hedge Cash Weigh In On Sonic Automotive
A number of hedge funds and other institutional investors have lately designed improvements to their positions in SAH. Level72 Hong Kong Ltd bought a new position in shares of Sonic Automotive in the 1st quarter valued at about $26,000. Counterpoint Mutual Cash LLC acquired a new position in shares of Sonic Automotive in the 4th quarter valued at about $27,000. Pinebridge Investments L.P. ordered a new place in shares of Sonic Automotive in the 4th quarter valued at about $45,000. Islay Capital Management LLC boosted its stake in shares of Sonic Automotive by 66.5% in the 4th quarter. Islay Funds Administration LLC now owns 3,871 shares of the company’s inventory valued at $191,000 following shopping for an added 1,546 shares throughout the time period. Finally, Valley Countrywide Advisers Inc. raised its posture in shares of Sonic Automotive by 13.7% throughout the 1st quarter. Valley Nationwide Advisers Inc. now owns 4,595 shares of the company’s inventory well worth $196,000 just after obtaining an supplemental 555 shares in the previous quarter. Hedge money and other institutional buyers possess 59.34% of the company’s stock.
Sonic Automotive Firm Profile
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships section is involved in the sale of new and utilised automobiles and light vans, and replacement pieces provision of vehicle routine maintenance, company guarantee mend, and paint and collision fix providers and arrangement of extended warranties, service contracts, financing, insurance policies, and other aftermarket solutions for its visitors.
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