AutoNation (NYSE:AN) Price Target Raised to $195.00

AutoNation (NYSE:AN) had its target price lifted by stock analysts at Stephens from $192.00 to $195.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price objective suggests a potential upside of 6.97% from the company’s current price.

Several other research analysts have also recently issued reports on the stock. Bank of America lowered their target price on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company upped their price objective on shares of AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 15th. JPMorgan Chase & Co. cut their price objective on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Guggenheim cut their price target on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a report on Thursday, November 21st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, AutoNation presently has an average rating of “Moderate Buy” and a consensus target price of $195.57.

AutoNation Price Performance

AutoNation stock opened at $182.30 on Monday. The company’s 50 day simple moving average is $175.10 and its 200-day simple moving average is $171.91. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26. AutoNation has a 1 year low of $136.35 and a 1 year high of $197.18. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

Institutional Investors Weigh In On AutoNation

Several hedge funds have recently modified their holdings of the company. State Street Corp boosted its stake in shares of AutoNation by 2.3% during the 3rd quarter. State Street Corp now owns 854,034 shares of the company’s stock worth $152,804,000 after purchasing an additional 19,037 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of AutoNation by 4.5% in the third quarter. Geode Capital Management LLC now owns 433,730 shares of the company’s stock worth $77,623,000 after acquiring an additional 18,588 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of AutoNation by 6.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 320,888 shares of the company’s stock worth $57,413,000 after acquiring an additional 19,015 shares during the last quarter. Simcoe Capital Management LLC acquired a new stake in shares of AutoNation in the third quarter worth approximately $42,255,000. Finally, Holocene Advisors LP acquired a new stake in shares of AutoNation in the third quarter worth approximately $20,046,000. 94.62% of the stock is owned by institutional investors and hedge funds.

About AutoNation

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.