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

AutoNation, Inc. (NYSE:AN) has been given a consensus recommendation of “Moderate Buy” by the seven research firms that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $195.57.

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

AutoNation Stock Performance

AutoNation stock opened at $188.39 on Monday. The stock’s 50 day simple moving average is $177.19 and its two-hundred day simple moving average is $172.48. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.20 and a current ratio of 0.80. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.60 and a beta of 1.26. AutoNation has a fifty-two week low of $136.35 and a fifty-two week high of $197.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Fortitude Family Office LLC raised its holdings in shares of AutoNation by 581.8% in the fourth quarter. Fortitude Family Office LLC now owns 150 shares of the company’s stock worth $25,000 after buying an additional 128 shares during the period. Global X Japan Co. Ltd. increased its holdings in AutoNation by 150.8% during the fourth quarter. Global X Japan Co. Ltd. now owns 158 shares of the company’s stock valued at $27,000 after buying an additional 95 shares during the period. Venturi Wealth Management LLC raised its position in shares of 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 boosted its holdings in shares of AutoNation by 54.0% in the 3rd quarter. GAMMA Investing LLC now owns 311 shares of the company’s stock valued at $56,000 after buying an additional 109 shares in the last quarter. Finally, Quarry LP increased its position in shares of AutoNation by 498.5% during the second quarter. Quarry LP now owns 407 shares of the company’s stock worth $65,000 after purchasing an additional 339 shares in the last quarter. 94.62% of the stock is owned by hedge funds and other institutional investors.

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.