Sonic Automotive (NYSE:SAH) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.
A number of other research firms also recently commented on SAH. Zacks Investment Research raised Sonic Automotive from a “sell” rating to a “hold” rating and set a $23.00 target price on the stock in a report on Tuesday, January 9th. Bank of America downgraded Sonic Automotive from a “neutral” rating to an “underperform” rating in a report on Thursday, October 19th. Finally, TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Sonic Automotive has a consensus rating of “Hold” and an average target price of $22.75.
Sonic Automotive (SAH) traded down $1.05 during trading hours on Friday, reaching $20.00. The company’s stock had a trading volume of 351,920 shares, compared to its average volume of 271,065. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.41. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $27.45. The company has a market cap of $863.90, a P/E ratio of 11.83, a PEG ratio of 3.15 and a beta of 1.58.
About Sonic Automotive
Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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