AutoNation PT Lowered to $41.00 (AN)
Analysts at Deutsche Bank cut their price objective on shares of AutoNation (NYSE:AN) from $42.00 to $41.00 in a research report issued to clients and investors on Friday, American Banking & Market News reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price target indicates a potential downside of 16.60% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note to investors on Friday. They now have a $52.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of AutoNation from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. AutoNation has an average rating of “Hold” and a consensus target price of $48.29.
AutoNation (NYSE:AN) traded down 0.51% during mid-day trading on Friday, hitting $49.16. 1,433,920 shares of the company’s stock traded hands. AutoNation has a 52 week low of $38.28 and a 52 week high of $53.54. The stock has a 50-day moving average of $48.05 and a 200-day moving average of $45.53. The company has a market cap of $5.965 billion and a P/E ratio of 18.04.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, October 24th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.01. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.41 billion. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 13.7% on a year-over-year basis. Analysts expect that AutoNation will post $2.96 EPS for the current fiscal year.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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