Zacks Upgrades Sonic Automotive to Outperform (SAH)
Sonic Automotive (NYSE:SAH) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Monday. The firm currently has a $30.20 price objective on the stock. Zacks‘s price target points to a potential upside of 8.59% from the company’s current price.
Other equities research analysts have also recently issued reports about 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.
Sonic Automotive (NYSE:SAH) traded down 2.07% on Monday, hitting $27.2343. The stock had a trading volume of 82,540 shares. Sonic Automotive has a 1-year low of $21.04 and a 1-year high of $27.83. The stock’s 50-day moving average is $26.23 and its 200-day moving average is $24.0. The company has a market cap of $1.431 billion and a P/E ratio of 18.58.
Sonic Automotive (NYSE:SAH) last posted its quarterly earnings results on Tuesday, April 22nd. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. Analysts expect that Sonic Automotive will post $2.00 EPS for the current fiscal year.
Sonic Automotive, Inc (NYSE:SAH) is engaged in automotive retailing in the United States.
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