AutoNation (NYSE:AN) Stock Rating Lowered by Stephens

AutoNation (NYSE:AN) was downgraded by Stephens from an “overweight” rating to an “equal weight” rating in a research report issued on Friday,Briefing.com Automated Import reports. They currently have a $192.00 target price on the stock, down from their previous target price of $200.00. Stephens’ price target points to a potential upside of 3.74% from the company’s current price.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Wells Fargo & Company lifted their target price on AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim reduced their target price on AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a report on Thursday, November 21st. Finally, Bank of America reduced their price objective on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.14.

AutoNation Stock Up 1.4 %

Shares of AN opened at $185.09 on Friday. The stock has a fifty day moving average of $174.38 and a 200-day moving average of $171.47. AutoNation has a 52 week low of $136.35 and a 52 week high of $197.18. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 3.50 and a beta of 1.26. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80.

Hedge Funds Weigh In On AutoNation

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in AutoNation by 2.2% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,845 shares of the company’s stock valued at $509,000 after purchasing an additional 62 shares during the period. OLD National Bancorp IN lifted its stake in shares of AutoNation by 2.2% in the third quarter. OLD National Bancorp IN now owns 3,100 shares of the company’s stock valued at $555,000 after buying an additional 68 shares in the last quarter. Sei Investments Co. lifted its stake in shares of AutoNation by 0.5% in the second quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock valued at $2,413,000 after buying an additional 72 shares in the last quarter. Davis Capital Management increased its position in shares of AutoNation by 0.8% during the fourth quarter. Davis Capital Management now owns 9,703 shares of the company’s stock worth $1,648,000 after acquiring an additional 79 shares in the last quarter. Finally, Mutual of America Capital Management LLC raised its holdings in shares of AutoNation by 0.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 14,152 shares of the company’s stock worth $2,532,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

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.