AutoNation (NYSE:AN) Given New $189.00 Price Target at Guggenheim

AutoNation (NYSE:AN) had its price objective trimmed by Guggenheim from $190.00 to $189.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Wells Fargo & Company decreased their target price on shares of AutoNation from $187.00 to $181.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Stephens started coverage on shares of AutoNation in a research note on Thursday, September 12th. They set an “overweight” rating and a $210.00 target price on the stock. Morgan Stanley upgraded shares of AutoNation from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $145.00 to $200.00 in a research report on Wednesday, September 25th. JPMorgan Chase & Co. dropped their price objective on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Finally, Bank of America reduced their price target 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, AutoNation has an average rating of “Moderate Buy” and a consensus target price of $199.29.

AutoNation Stock Performance

Shares of NYSE AN opened at $172.46 on Thursday. The firm’s 50-day moving average price is $167.39 and its 200-day moving average price is $168.45. AutoNation has a 52-week low of $130.35 and a 52-week high of $197.18. The company has a market cap of $6.84 billion, a PE ratio of 9.95, a PEG ratio of 3.55 and a beta of 1.21. The company has a quick ratio of 0.20, a current ratio of 0.80 and a debt-to-equity ratio of 1.58.

Institutional Investors Weigh In On AutoNation

A number of institutional investors and hedge funds have recently modified their holdings of AN. GAMMA Investing LLC boosted its holdings in AutoNation by 90.6% in the second quarter. GAMMA Investing LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 96 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in AutoNation during the second quarter valued at approximately $37,000. Venturi Wealth Management LLC raised its position in AutoNation by 403.6% during the third quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock valued at $50,000 after acquiring an additional 226 shares in the last quarter. Quarry LP lifted its holdings in AutoNation by 498.5% in the second quarter. Quarry LP now owns 407 shares of the company’s stock valued at $65,000 after acquiring an additional 339 shares during the period. Finally, Mather Group LLC. purchased a new stake in AutoNation in the 2nd quarter worth approximately $103,000. Institutional investors and hedge funds own 94.62% of the company’s stock.

AutoNation Company Profile

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.