Brokerages Set AutoNation, Inc. (NYSE:AN) Target Price at $195.14

AutoNation, Inc. (NYSE:AN) has been assigned an average recommendation of “Moderate Buy” from the seven research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $195.57.

AN has been the subject of several recent analyst reports. Stephens increased their price target on AutoNation from $192.00 to $195.00 and gave the stock an “equal weight” rating in a research note on Monday, January 27th. Wells Fargo & Company increased their price target on AutoNation from $169.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 15th. Guggenheim decreased their price target on AutoNation from $190.00 to $189.00 and set a “buy” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. decreased their price target on AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Finally, Bank of America decreased their target price on AutoNation from $220.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, October 14th.

AutoNation Price Performance

Shares of NYSE AN opened at $188.39 on Monday. AutoNation has a 1-year low of $136.35 and a 1-year high of $197.18. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.80 and a quick ratio of 0.20. The business’s fifty day moving average price is $177.19 and its two-hundred day moving average price is $172.38. The firm has a market capitalization of $7.47 billion, a PE ratio of 10.86, a P/E/G ratio of 3.60 and a beta of 1.26.

Institutional Investors Weigh In On AutoNation

Hedge funds have recently modified their holdings of the stock. Fortitude Family Office LLC lifted its holdings in shares of AutoNation by 581.8% during the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock valued at $25,000 after purchasing an additional 128 shares during the last quarter. Global X Japan Co. Ltd. lifted its stake in AutoNation by 150.8% in the 4th quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock worth $27,000 after acquiring an additional 95 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in AutoNation by 403.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 282 shares of the company’s stock worth $50,000 after acquiring an additional 226 shares in the last quarter. GAMMA Investing LLC lifted its stake in AutoNation by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock worth $56,000 after acquiring an additional 109 shares in the last quarter. Finally, Quarry LP lifted its stake in AutoNation by 498.5% in the 2nd quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after acquiring an additional 339 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

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.