Sonic Automotive, Inc. (NYSE:SAH – Get Free Report) has been assigned an average rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $66.33.
Several equities analysts recently weighed in on SAH shares. Bank of America cut their price target on shares of Sonic Automotive from $67.00 to $66.00 and set a “buy” rating on the stock in a report on Monday. Needham & Company LLC started coverage on shares of Sonic Automotive in a research note on Tuesday, August 20th. They issued a “buy” rating and a $73.00 price objective on the stock. Stephens initiated coverage on shares of Sonic Automotive in a research report on Thursday, September 12th. They set an “equal weight” rating and a $64.00 target price for the company. Morgan Stanley raised Sonic Automotive from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $40.00 to $58.00 in a research report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on Sonic Automotive from $63.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th.
Get Our Latest Analysis on SAH
Hedge Funds Weigh In On Sonic Automotive
Sonic Automotive Trading Up 0.0 %
NYSE:SAH opened at $56.78 on Friday. The company has a market capitalization of $1.94 billion, a P/E ratio of 10.50 and a beta of 1.60. The company has a current ratio of 1.10, a quick ratio of 0.36 and a debt-to-equity ratio of 2.04. Sonic Automotive has a 12 month low of $42.57 and a 12 month high of $64.68. The firm has a fifty day simple moving average of $58.01 and a 200-day simple moving average of $56.51.
Sonic Automotive (NYSE:SAH – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.09. The company had revenue of $3.45 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Sonic Automotive had a return on equity of 25.31% and a net margin of 1.35%. The firm’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 EPS. On average, equities research analysts anticipate that Sonic Automotive will post 5.67 earnings per share for the current year.
Sonic Automotive Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend was Friday, September 13th. Sonic Automotive’s dividend payout ratio (DPR) is presently 22.18%.
Sonic Automotive Company Profile
Sonic Automotive, Inc operates as an automotive retailer in the United States. It operates in three segments, Franchised Dealerships, EchoPark, and Powersports. The Franchised Dealerships segment is involved in the sale of new and used cars and light trucks, and replacement parts; provision of vehicle maintenance, manufacturer warranty repair, and paint and collision repair services; and arrangement of extended warranties, service contracts, financing, insurance, and other aftermarket products for its guests.
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