Sonic Automotive Inc (NYSE:SAH) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Zacks Investment Research has upgraded Sonic Automotive Inc (NYSE:SAH) to Hold in a statement released on 9/23/2016.
Showing a price of $18.29, Sonic Automotive Inc (NYSE:SAH) traded 1.84% higher on the day. With the last closing price up 3.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $17.23 and a two hundred day average of $17.65. Volume of trade was down over the average, with 177,703 shares of SAH changing hands under the typical 316,423
With a total market value of $0, Sonic Automotive Inc has price-earnings ratio of 9.29 with a one year low of $15.68 and a one year high of $25.77 .
A total of 7 equity analysts have released a ratings update on SAH. Two equity analysts rating the company a strong buy, two equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $23.57.
Brief Synopsis About Sonic Automotive Inc (NYSE:SAH)
Sonic Automotive, Inc. is an automotive retailer in the United States. The Company's operating segments include Franchised Dealerships and EchoPark. The Company's Franchised Dealerships segment consists of traditional retail automotive franchises that sell new and used vehicles, replacement parts and vehicle repair and maintenance services, and finance and insurance products. The EchoPark segment consists of standalone pre-owned specialty retail locations that provide customers an opportunity to search, buy, service and sell their pre-owned vehicles. The Company's dealerships provide services, including sales of both new and used cars, and light trucks; sales of replacement parts; performance of vehicle maintenance; manufacturer warranty repairs; paint and collision repair services, and arrangement of extended warranties, service contracts, financing, insurance and other aftermarket products for its customers. The Company's specialty retail locations operate under the EchoPark brand.
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