Shares of Sonic Automotive Inc (NYSE:SAH) have been assigned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.75.
A number of brokerages recently commented on SAH. ValuEngine lowered Sonic Automotive from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating and set a $23.00 target price for the company in a research report on Tuesday, January 9th. Finally, Bank of America raised 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.
Shares of Sonic Automotive (SAH) traded down $0.05 during trading on Friday, reaching $20.55. The company had a trading volume of 128,750 shares, compared to its average volume of 340,033. Sonic Automotive has a twelve month low of $15.95 and a twelve month high of $27.45. The company has a market cap of $889.82, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 3.25 and a beta of 1.58. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.26.
Institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Sonic Automotive by 7.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,515 shares of the company’s stock valued at $185,000 after purchasing an additional 624 shares during the last quarter. Jane Street Group LLC acquired a new position in Sonic Automotive during the 3rd quarter valued at about $260,000. MetLife Investment Advisors LLC acquired a new position in Sonic Automotive during the 4th quarter valued at about $271,000. Voya Investment Management LLC boosted its stake in Sonic Automotive by 14.1% during the 2nd quarter. Voya Investment Management LLC now owns 14,478 shares of the company’s stock valued at $282,000 after purchasing an additional 1,790 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Sonic Automotive by 53.7% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 14,385 shares of the company’s stock valued at $293,000 after purchasing an additional 5,026 shares during the last quarter. 65.20% of the stock is owned by institutional investors and hedge funds.
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Sonic Automotive Company Profile
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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