Morgan Stanley analyst Armintas Sinkevicius maintained a Sell rating on Sonic Automotive (NYSE: SAH) today and set a price target of $16. The company’s shares closed yesterday at $20.85.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -0.8% and a 31.6% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Visteon Corp.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Sonic Automotive with a $18.33 average price target.
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The company has a one-year high of $23.60 and a one-year low of $15.95. Currently, Sonic Automotive has an average volume of 209.9K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is neutral on the stock.
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Sonic Automotive, Inc. operates as a automotive retailer. Its services include sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, warranty, paint and repair services and arrangement of extended service contracts, financing, insurance, vehicle protection products and other aftermarket products for automotive customers. The company operates its business through the following segments: Franchised Dealerships and Pre-Owned Stores. The Franchised Dealerships segment provides comprehensive services which include, sales of both new and used cars and light trucks, sales of replacement parts and performance of vehicle maintenance, manufacturer warranty repairs, and paint and collision repair services. The Pre-Owned Stores segment provides the same services excluding new vehicle sales and manufacturer warranty repairs. Sonic Automotive was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.
