AutoNation (NYSE:AN) Downgraded to “Equal Weight” Rating by Stephens

Stephens lowered shares of AutoNation (NYSE:AN) from an overweight rating to an equal weight rating in a research report report published on Friday morning, Marketbeat.com reports. They currently have $192.00 price target on the stock, down from their previous price target of $200.00.

Other equities analysts have also recently issued reports about the stock. Wells Fargo & Company boosted their price target on shares of AutoNation from $169.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday, January 15th. Guggenheim cut their price objective on shares of AutoNation from $190.00 to $189.00 and set a “buy” rating on the stock in a research report on Thursday, November 21st. JPMorgan Chase & Co. decreased their target price on shares of AutoNation from $190.00 to $180.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Finally, Bank of America cut their price target on shares of AutoNation from $220.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, AutoNation presently has an average rating of “Moderate Buy” and an average price target of $195.14.

AutoNation Stock Performance

AN stock opened at $182.67 on Friday. The stock has a market cap of $7.24 billion, a P/E ratio of 10.53, a P/E/G ratio of 3.50 and a beta of 1.26. 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 firm has a 50 day simple moving average of $175.10 and a 200 day simple moving average of $171.91. AutoNation has a 52 week low of $136.35 and a 52 week high of $197.18.

Hedge Funds Weigh In On AutoNation

Several large investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in AutoNation by 25.1% during the second quarter. Envestnet Asset Management Inc. now owns 29,489 shares of the company’s stock valued at $4,700,000 after acquiring an additional 5,917 shares during the period. Hsbc Holdings PLC increased its stake in shares of AutoNation by 50.2% in the second quarter. Hsbc Holdings PLC now owns 12,688 shares of the company’s stock valued at $2,017,000 after buying an additional 4,242 shares in the last quarter. Sei Investments Co. raised its stake in shares of AutoNation by 0.5% in the second quarter. Sei Investments Co. now owns 15,130 shares of the company’s stock worth $2,413,000 after acquiring an additional 72 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in AutoNation by 1,507.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the company’s stock worth $141,000 after purchasing an additional 829 shares during the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of AutoNation by 4,275.6% during the second quarter. Cubist Systematic Strategies LLC now owns 50,107 shares of the company’s stock worth $7,986,000 after acquiring an additional 51,307 shares during the last quarter. Institutional investors and hedge funds own 94.62% of the company’s stock.

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.