AutoNation (NYSE:AN) Given New $195.00 Price Target at Stephens

AutoNation (NYSE:ANGet Free Report) had its target price increased by stock analysts at Stephens from $192.00 to $195.00 in a report released on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price objective would suggest a potential upside of 3.87% from the company’s current price.

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

View Our Latest Report on AutoNation

AutoNation Price Performance

Shares of AutoNation stock opened at $187.74 on Monday. The firm has a market capitalization of $7.44 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 3.50 and a beta of 1.26. The company has a current ratio of 0.80, a quick ratio of 0.20 and a debt-to-equity ratio of 1.58. AutoNation has a 12 month low of $136.35 and a 12 month high of $197.18. The business’s 50-day moving average price is $175.98 and its 200-day moving average price is $172.14.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AN. Entropy Technologies LP purchased a new stake in AutoNation in the fourth quarter worth $284,000. Empowered Funds LLC increased its stake in shares of AutoNation by 3.0% in the 4th quarter. Empowered Funds LLC now owns 21,455 shares of the company’s stock worth $3,644,000 after acquiring an additional 628 shares in the last quarter. Global X Japan Co. Ltd. increased its stake in shares of AutoNation by 150.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after acquiring an additional 95 shares in the last quarter. Financial Strategies Group Inc. boosted its stake in AutoNation by 27.7% during the fourth quarter. Financial Strategies Group Inc. now owns 2,757 shares of the company’s stock worth $471,000 after acquiring an additional 598 shares in the last quarter. Finally, JB Capital LLC grew its holdings in AutoNation by 9.5% in the fourth quarter. JB Capital LLC now owns 9,570 shares of the company’s stock worth $1,625,000 after purchasing an additional 829 shares during the period. 94.62% of the stock is owned by hedge funds and other institutional investors.

About AutoNation

(Get Free Report)

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.

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Analyst Recommendations for AutoNation (NYSE:AN)

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