Sonic Automotive Sets New 1-Year High at $27.80 (SAH)
Shares of Sonic Automotive (NYSE:SAH) hit a new 52-week high during trading on Thursday , AnalystRatingsNetwork.com reports. The stock traded as high as $27.80 and last traded at $27.79, with a volume of 205,319 shares. The stock had previously closed at $27.19.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs downgraded shares of Sonic Automotive from a “neutral” rating to a “sell” rating in a research note on Friday, June 20th. They now have a $22.00 price target on the stock, down previously from $23.00. Analysts at Barclays raised their price target on shares of Sonic Automotive from $16.00 to $19.00 in a research note on Tuesday, April 15th.
The stock has a 50-day moving average of $26.10 and a 200-day moving average of $24.06. The company has a market cap of $1.462 billion and a P/E ratio of 18.16.
Sonic Automotive (NYSE:SAH) last released its earnings data on Tuesday, April 22nd. The company reported $0.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.41 by $0.03. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company posted $0.41 earnings per share. Sonic Automotive’s revenue was up 2.6% compared to the same quarter last year. On average, analysts predict that Sonic Automotive will post $2.00 earnings per share for the current fiscal year.
Sonic Automotive, Inc (NYSE:SAH) is engaged in automotive retailing in the United States.
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