Sonic Automotive Inc (SAH) Receives $22.75 Average PT from Brokerages

Sonic Automotive Inc (NYSE:SAH) has earned a consensus rating of “Hold” from the eight brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $22.75.

Several research analysts have commented on the company. ValuEngine downgraded Sonic Automotive from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research raised Sonic Automotive from a “strong sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Bank of America raised Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 target price on the stock in a report on Monday, January 8th.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its holdings 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 worth $185,000 after buying an additional 624 shares during the period. Thrivent Financial For Lutherans raised its position in shares of Sonic Automotive by 5.9% in the 2nd quarter. Thrivent Financial For Lutherans now owns 15,850 shares of the company’s stock worth $308,000 after acquiring an additional 890 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Sonic Automotive by 14.1% in the 2nd quarter. Voya Investment Management LLC now owns 14,478 shares of the company’s stock worth $282,000 after acquiring an additional 1,790 shares in the last quarter. Prudential Financial Inc. raised its position in shares of Sonic Automotive by 0.6% in the 3rd quarter. Prudential Financial Inc. now owns 425,530 shares of the company’s stock worth $8,681,000 after acquiring an additional 2,600 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of Sonic Automotive by 16.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 20,056 shares of the company’s stock worth $370,000 after acquiring an additional 2,873 shares in the last quarter. 65.20% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sonic Automotive (NYSE SAH) traded down $0.05 on Friday, reaching $20.55. The company’s stock had a trading volume of 128,750 shares, compared to its average volume of 340,033. The firm has a market cap of $889.82, a P/E ratio of 13.50, a PEG ratio of 3.25 and a beta of 1.58. Sonic Automotive has a 52-week low of $15.95 and a 52-week high of $27.45. The company has a debt-to-equity ratio of 1.41, a current ratio of 1.06 and a quick ratio of 0.26.

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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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