Sonic Automotive (NYSE:SAH) PT Lowered to $33.00

Sonic Automotive (NYSE:SAH – Get Score) had its price tag goal lower by investigate analysts at Morgan Stanley from $40.00 to $33.00 in a report issued on Thursday, The Fly reports. The company at present has an “underweight” score on the stock. Morgan Stanley’s cost aim would suggest a prospective downside of 9.79% from the company’s current price.

A number of other analysts also just lately issued reviews on SAH. JPMorgan Chase & Co. downgraded Sonic Automotive from an “overweight” rating to a “neutral” score and slice their price tag aim for the stock from $70.00 to $57.00 in a investigation report on Thursday, April 7th. StockNews.com upgraded Sonic Automotive from a “hold” rating to a “buy” score in a report on Friday, June 17th. Finally, Seaport Res Ptn slash Sonic Automotive from a “buy” score to a “neutral” ranking in a report on Friday, April 29th.

Sonic Automotive Stock Up 4.1 %

Shares of NYSE:SAH opened at $36.58 on Thursday. The business enterprise has a 50-working day transferring ordinary rate of $41.11 and a 200 day going regular price of $45.41. The enterprise has a existing ratio of 1.10, a rapid ratio of .46 and a credit card debt-to-equity ratio of 1.45. The firm has a current market capitalization of $1.45 billion, a cost-to-earnings ratio of 3.99 and a beta of 2.07. Sonic Automotive has a 12-month low of $34.17 and a 12-thirty day period large of $58.00.

Sonic Automotive (NYSE:SAH – Get Score) last issued its quarterly earnings data on Thursday, April 28th. The business noted $2.33 earnings for each share (EPS) for the quarter, missing analysts’ consensus estimates of $2.45 by ($.12). The company experienced revenue of $3.59 billion for the quarter, compared to analyst estimates of $3.70 billion. Sonic Automotive experienced a return on equity of 39.37% and a internet margin of 2.97%. The firm’s income for the quarter was up 28.7% in comparison to the similar quarter last year. During the same interval in the former yr, the organization posted $1.23 earnings for each share. Market-aspect analysts anticipate that Sonic Automotive will put up 10.13 EPS for the present-day year.

Hedge Funds Weigh In On Sonic Automotive

Quite a few hedge cash and other institutional traders have not too long ago built modifications to their positions in SAH. Issue72 Hong Kong Ltd acquired a new place in shares of Sonic Automotive in the 1st quarter valued at about $26,000. Counterpoint Mutual Cash LLC ordered a new placement in shares of Sonic Automotive in the 4th quarter valued at about $27,000. Pinebridge Investments L.P. obtained a new posture in shares of Sonic Automotive in the 4th quarter valued at about $45,000. Islay Money Management LLC boosted its stake in shares of Sonic Automotive by 66.5% in the 4th quarter. Islay Money Management LLC now owns 3,871 shares of the company’s inventory valued at $191,000 following obtaining an additional 1,546 shares through the period. Eventually, Valley National Advisers Inc. elevated its posture in shares of Sonic Automotive by 13.7% in the course of the 1st quarter. Valley Countrywide Advisers Inc. now owns 4,595 shares of the company’s inventory well worth $196,000 immediately after acquiring an extra 555 shares in the final quarter. Hedge money and other institutional traders personal 59.34% of the company’s stock.

Sonic Automotive Organization Profile

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Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in two segments, Franchised Dealerships and EchoPark. The Franchised Dealerships phase is involved in the sale of new and used cars and mild trucks, and substitute components provision of automobile maintenance, manufacturer warranty restore, and paint and collision maintenance solutions and arrangement of extended warranties, provider contracts, funding, insurance policies, and other aftermarket goods for its guests.

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