Sonic Automotive (SAH) Stock Rating Lowered by ValuEngine
Sonic Automotive (NYSE:SAH) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
SAH has been the subject of several other research reports. Zacks Investment Research upgraded Sonic Automotive from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 2nd. TheStreet upgraded Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th. Finally, Bank of America upgraded Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 target price for the company in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.75.
Shares of Sonic Automotive (SAH) opened at $21.05 on Friday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.26 and a current ratio of 1.06. Sonic Automotive has a 1 year low of $15.95 and a 1 year high of $27.45. The stock has a market capitalization of $952.45, a PE ratio of 13.76, a P/E/G ratio of 3.47 and a beta of 1.57.
Large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its position in shares of Sonic Automotive by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 9,515 shares of the company’s stock worth $185,000 after purchasing an additional 624 shares in the last quarter. Jane Street Group LLC bought a new position in Sonic Automotive during the third quarter valued at approximately $260,000. Voya Investment Management LLC boosted its stake in Sonic Automotive by 14.1% during the second quarter. Voya Investment Management LLC now owns 14,478 shares of the company’s stock valued at $282,000 after buying an additional 1,790 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Sonic Automotive by 53.7% during the third quarter. BNP Paribas Arbitrage SA now owns 14,385 shares of the company’s stock valued at $293,000 after buying an additional 5,026 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in Sonic Automotive by 5.9% during the second quarter. Thrivent Financial For Lutherans now owns 15,850 shares of the company’s stock valued at $308,000 after buying an additional 890 shares during the last quarter. Hedge funds and other institutional investors own 64.45% of the company’s stock.
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About Sonic Automotive
Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.
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