Shares of Sonic Automotive, Inc. (NYSE:SAH – Get Free Report) have earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $98.8750.
Several research firms recently commented on SAH. Barclays cut their price objective on shares of Sonic Automotive from $92.00 to $87.00 and set an “equal weight” rating for the company in a report on Wednesday, August 19th. Seaport Research Partners downgraded Sonic Automotive from a “buy” rating to a “neutral” rating and increased their target price for the stock from $185.00 to $205.00 in a research report on Friday, July 17th. Morgan Stanley lowered Sonic Automotive from an “equal weight” rating to an “underweight” rating and set a $72.00 price target for the company. in a report on Friday, August 7th. Bank of America lifted their price target on Sonic Automotive from $91.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their price objective on Sonic Automotive from $90.00 to $109.00 and gave the company a “buy” rating in a research note on Friday, July 10th.
Read Our Latest Stock Report on Sonic Automotive
Institutional Investors Weigh In On Sonic Automotive
Sonic Automotive Price Performance
NYSE SAH opened at $65.84 on Friday. The company has a market cap of $2.08 billion, a PE ratio of 10.50, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. Sonic Automotive has a 52 week low of $54.11 and a 52 week high of $113.67. The company has a quick ratio of 0.25, a current ratio of 1.01 and a debt-to-equity ratio of 1.88. The firm’s 50-day simple moving average is $85.37 and its two-hundred day simple moving average is $78.07.
Sonic Automotive (NYSE:SAH – Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.07. Sonic Automotive had a net margin of 1.37% and a return on equity of 20.75%. The firm had revenue of $3.93 billion during the quarter, compared to the consensus estimate of $3.78 billion. During the same quarter last year, the company earned $2.19 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. Research analysts predict that Sonic Automotive will post 6.92 earnings per share for the current year.
Sonic Automotive Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Tuesday, September 15th. Sonic Automotive’s payout ratio is presently 26.16%.
About Sonic Automotive
Sonic Automotive, Inc is an automotive retailer headquartered in Charlotte, North Carolina. The company operates franchised dealerships that sell new and pre-owned vehicles from a range of automobile manufacturers, along with replacement parts, vehicle maintenance and repair services, financing, insurance products and other related offerings.
Sonic also operates EchoPark Automotive, a retail platform focused primarily on high-quality pre-owned vehicles. Through its dealership and EchoPark operations, the company provides vehicle purchasing, trade-in, financing and service options to consumers.
Founded in 1997, Sonic Automotive serves customers through locations across the United States.
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