Share on StockTwits

Stock analysts at Morgan Stanley upped their price objective on shares of AutoNation (NYSE:AN) from $40.00 to $41.00 in a report issued on Monday, American Banking News reports. The firm currently has an “underweight” rating on the stock. Morgan Stanley’s price target points to a potential downside of 14.87% from the stock’s previous close.

The analysts wrote, “AN’s strong 4Q performance was powered by primarily by a return to form on SG&A leverage and unexpected strength in gross margins. While we expected the former, the latter was powered by an exceptional performance in AN’s Luxury franchises that we believe will normalize over time.”

AN has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of AutoNation from $41.00 to $50.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at Gabelli upgraded shares of AutoNation from a “hold” rating to a “buy” rating in a research note to investors on Friday. Finally, analysts at Ned Davis Research downgraded shares of AutoNation from a “buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. AutoNation presently has an average rating of “Hold” and a consensus target price of $50.00.

Shares of AutoNation (NYSE:AN) traded down 2.49% on Monday, hitting $48.16. The stock had a trading volume of 1,265,734 shares. AutoNation has a 1-year low of $40.30 and a 1-year high of $54.49. The stock’s 50-day moving average is $49.14 and its 200-day moving average is $49.04. The company has a market cap of $5.731 billion and a price-to-earnings ratio of 16.24.

AutoNation (NYSE:AN) last released its earnings data on Thursday, January 30th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.77 by $0.06. The company had revenue of $4.52 billion for the quarter, compared to the consensus estimate of $4.58 billion. On average, analysts predict that AutoNation will post $3.36 earnings per share for the current fiscal year.

AutoNation, Inc (NYSE:AN) is an automotive retailer in the United States.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.