Ned Davis Research Downgrades AutoNation to Neutral (AN)
AutoNation (NYSE:AN) was downgraded by analysts at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, American Banking News reports.
AN has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note to investors on Friday. They now have a $51.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of AutoNation from $53.00 to $56.00 in a research note to investors on Monday, October 28th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of AutoNation from $42.00 to $41.00 in a research note to investors on Friday, October 25th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.33.
AutoNation (NYSE:AN) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.75 EPS for the quarter, missing the Thomson Reuters 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.
AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.
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