AutoNation (NYSE:AN) had its price objective boosted by research analysts at Morgan Stanley from $49.00 to $57.00 in a report issued on Wednesday. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 11.33% from the stock’s previous close.
A number of other research firms have also recently commented on AN. Moffett Nathanson initiated coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating on the stock. Jefferies Group reiterated a “hold” rating and set a $60.00 target price on shares of AutoNation in a research report on Friday, February 2nd. Finally, Bank of America set a $68.00 target price on AutoNation and gave the stock a “hold” rating in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $50.78.
AutoNation (AN) traded up $0.26 during trading hours on Wednesday, reaching $51.20. The company had a trading volume of 125,357 shares, compared to its average volume of 979,858. The stock has a market capitalization of $4,680.31, a price-to-earnings ratio of 11.44, a PEG ratio of 1.21 and a beta of 1.36. AutoNation has a 52-week low of $38.20 and a 52-week high of $62.02. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.25 and a current ratio of 0.85.
In related news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $55.00, for a total value of $275,000.00. Following the transaction, the director now owns 37,677 shares in the company, valued at approximately $2,072,235. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the completion of the transaction, the director now owns 32,677 shares in the company, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. Insiders sold a total of 20,000 shares of company stock worth $1,094,900 in the last 90 days. 2.80% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new position in AutoNation in the 4th quarter valued at about $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in AutoNation in the 3rd quarter valued at approximately $212,000. MANA Advisors LLC purchased a new stake in AutoNation in the 4th quarter valued at approximately $218,000. DekaBank Deutsche Girozentrale boosted its holdings in AutoNation by 22.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock valued at $263,000 after purchasing an additional 1,092 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in AutoNation by 36.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock valued at $267,000 after purchasing an additional 1,400 shares in the last quarter. Hedge funds and other institutional investors own 69.28% of the company’s stock.
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AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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