AutoNation (AN) PT Raised to $57.00 at Morgan Stanley
AutoNation (NYSE:AN) had its target price raised by research analysts at Morgan Stanley from $49.00 to $57.00 in a research report issued on Wednesday. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 11.50% from the stock’s current price.
AN has been the topic of several other research reports. Jefferies Group reissued a “hold” rating and set a $60.00 target price on shares of AutoNation in a research report on Friday, February 2nd. Bank of America reissued a “hold” rating and set a $65.00 target price on shares of AutoNation in a research report on Thursday, February 1st. Finally, Moffett Nathanson assumed coverage on AutoNation in a research report on Monday, December 4th. They set a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $50.78.
AutoNation (NYSE AN) traded up $0.18 during midday trading on Wednesday, hitting $51.12. The stock had a trading volume of 33,842 shares, compared to its average volume of 979,467. The company has a market cap of $4,680.31, a P/E ratio of 11.44, a P/E/G ratio of 1.21 and a beta of 1.36. The company has a current ratio of 0.85, a quick ratio of 0.25 and a debt-to-equity ratio of 0.83. AutoNation has a 52-week low of $38.20 and a 52-week high of $62.02.
In related news, Director Robert R. Grusky sold 5,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the director now owns 37,677 shares in the company, valued at approximately $2,072,235. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert R. Grusky sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $51.99, for a total value of $519,900.00. Following the transaction, the director now owns 32,677 shares of the company’s stock, valued at approximately $1,698,877.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,000 shares of company stock valued at $1,094,900. 2.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue purchased a new stake in shares of AutoNation in the 4th quarter worth $195,000. Sheaff Brock Investment Advisors LLC purchased a new stake in shares of AutoNation in the 3rd quarter worth $212,000. MANA Advisors LLC purchased a new stake in shares of AutoNation in the 4th quarter worth $218,000. DekaBank Deutsche Girozentrale lifted its holdings in shares of AutoNation by 22.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 5,918 shares of the company’s stock worth $263,000 after buying an additional 1,092 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of AutoNation by 36.8% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,200 shares of the company’s stock worth $267,000 after buying an additional 1,400 shares during the period. Institutional investors own 69.28% of the company’s stock.
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AutoNation Company Profile
AutoNation, Inc (AutoNation) is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles, used vehicles, parts and service, which includes automotive repair and maintenance services, as well as wholesale parts and collision businesses, and automotive finance and insurance products, including vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources.
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