Research analysts at UBS AG lifted their price objective on shares of AutoNation (NYSE:AN) to $39.00 in a report released on Friday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective would indicate a potential downside of 12.83% from the company’s current price.
AN has been the subject of a number of other recent research reports. Analysts at Credit Suisse upgraded shares of AutoNation from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 3rd. They now have a $53.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AutoNation in a research note to investors on Wednesday, June 12th. They now have a $47.00 price target on the stock. Finally, analysts at Merrill Lynch raised their price target on shares of AutoNation from $53.00 to $63.00 in a research note to investors on Tuesday, May 28th.
Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $48.00.
AutoNation (NYSE: AN) opened at 44.74 on Friday. AutoNation has a 1-year low of $37.18 and a 1-year high of $48.92. The stock’s 50-day moving average is currently $44.97. The company has a market cap of $5.429 billion and a price-to-earnings ratio of 16.33.
AutoNation (NYSE:AN) last announced its earnings results on Thursday, July 18th. The company reported $0.73 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.73. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Analysts expect that AutoNation will post $2.94 EPS for the current fiscal year.
AutoNation, Inc (NYSE: AN) is an automotive retailer in the United States.
