Sonic Automotive Inc (SAH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sonic Automotive Inc (NYSE:SAH) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $22.75.

Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Sonic Automotive from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America raised shares of Sonic Automotive from an “underperform” rating to a “neutral” rating and set a $23.00 target price for the company in a research note on Monday, January 8th. Finally, ValuEngine cut shares of Sonic Automotive from a “buy” rating to a “hold” rating in a research note on Friday, November 10th.

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio boosted its position in Sonic Automotive by 7.0% during the second quarter. Public Employees Retirement System of Ohio now owns 9,515 shares of the company’s stock worth $185,000 after purchasing an additional 624 shares during the period. Thrivent Financial For Lutherans boosted its position in Sonic Automotive by 5.9% during the second quarter. Thrivent Financial For Lutherans now owns 15,850 shares of the company’s stock worth $308,000 after purchasing an additional 890 shares during the period. Voya Investment Management LLC boosted its position in Sonic Automotive by 14.1% during the second quarter. Voya Investment Management LLC now owns 14,478 shares of the company’s stock worth $282,000 after purchasing an additional 1,790 shares during the period. Prudential Financial Inc. boosted its position in Sonic Automotive by 0.6% during the third quarter. Prudential Financial Inc. now owns 425,530 shares of the company’s stock worth $8,681,000 after purchasing an additional 2,600 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Sonic Automotive by 16.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 20,056 shares of the company’s stock worth $370,000 after purchasing an additional 2,873 shares during the period. 65.20% of the stock is owned by hedge funds and other institutional investors.

Sonic Automotive (SAH) traded down $0.20 during trading hours on Friday, hitting $20.05. 146,957 shares of the company traded hands, compared to its average volume of 336,582. Sonic Automotive has a twelve month low of $15.95 and a twelve month high of $25.05. The company has a quick ratio of 0.26, a current ratio of 1.06 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $885.50, a PE ratio of 12.13, a PEG ratio of 3.23 and a beta of 1.58.

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About Sonic Automotive

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

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