Brokerage Firm Rating Update on AutoNation (AN)

AutoNation (AN) : Zacks Investment Research ranks AutoNation (AN) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 8 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.55, which indicates as a Hold.

AutoNation (AN) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $66 and the lowest price target forecast is $51. The average forecast of all the analysts is $57.4 and the expected standard deviation is $5.41.

AutoNation

Company shares have received an average consensus rating of Hold for the current week Also, Wolfe Research initiates coverage on AutoNation (NYSE:AN). The current rating of the shares is Peer Perform, according to the research report released by the firm. The rating by the firm was issued on August 31, 2016.

AutoNation (NYSE:AN): The stock opened at $48.15 and touched an intraday high of $49.07 on Wednesday. During the day, the stock corrected to an intraday low of $47.67, however, the bulls stepped in and pushed the price higher to close in the green at $49.06 with a gain of 2.10% for the day. The total traded volume for the day was 805,343. The stock had closed at $48.05 in the previous trading session.

AutoNation, Inc. 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, which includes vehicle service and other protection products, as well as the arranging of financing for vehicle purchases through third-party finance sources. It operates through three segments: The Domestic segment consists of retail automotive franchises that sell new vehicles manufactured by General Motors, Ford and Chrysler. The Import segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Toyota, Honda and Nissan. The Premium Luxury segment consists of retail automotive franchises that sell new vehicles manufactured primarily by Mercedes-Benz, BMW and Lexus.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.