AutoNation (NYSE:AN) Price Target Raised to $170.00 at Wells Fargo & Company

AutoNation (NYSE:AN) had its price target boosted by Wells Fargo & Company from $169.00 to $170.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley raised shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $145.00 to $200.00 in a report on Wednesday, September 25th. Bank of America decreased their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Finally, Guggenheim decreased their target price on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, AutoNation currently has a consensus rating of “Moderate Buy” and an average target price of $197.71.

AutoNation Stock Performance

AutoNation stock opened at $182.26 on Wednesday. The firm’s 50 day simple moving average is $172.58 and its 200 day simple moving average is $170.60. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. The firm has a market capitalization of $7.23 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 3.28 and a beta of 1.26. AutoNation has a 1-year low of $133.13 and a 1-year high of $197.18.

Institutional Investors Weigh In On AutoNation

Institutional investors have recently made changes to their positions in the business. Retirement Systems of Alabama boosted its stake in shares of AutoNation by 142.2% in the 3rd quarter. Retirement Systems of Alabama now owns 73,429 shares of the company’s stock valued at $13,138,000 after purchasing an additional 43,113 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of AutoNation in the 2nd quarter valued at $602,000. Kestra Investment Management LLC purchased a new stake in shares of AutoNation in the 3rd quarter valued at $585,000. Blue Trust Inc. boosted its stake in shares of AutoNation by 33.8% in the 3rd quarter. Blue Trust Inc. now owns 1,899 shares of the company’s stock valued at $340,000 after purchasing an additional 480 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of AutoNation by 6.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock valued at $57,413,000 after purchasing an additional 19,015 shares in the last quarter. Hedge funds and other institutional investors own 94.62% of the company’s stock.

AutoNation Company Profile

AutoNation, Inc, through its subsidiaries, operates as an automotive retailer in the United States. The company operates through three segments: Domestic, Import, and Premium Luxury. It offers a range of automotive products and services, including new and used vehicles; and parts and services, such as automotive repair and maintenance, and wholesale parts and collision services.