UBS Maintains a 'Neutral' on AutoNation (AN); Raising Numbers on Solid Qtr; Valuation Getting Rich
Tweet
Share
E-mailGet Alerts AN Hot Sheet
Price: $160.38 +0.54%
Rating Summary:
13 Buy, 12 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
13 Buy, 12 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
UBS maintains a 'Neutral' on AutoNation Inc. (NYSE: AN) price target of $41.00 (from $35.00).
Analyst, Colin Langan, said, "We view AN as a defensive play on the US SAAR recovery and expect the stock to remain well-supported by a robust near-term earnings outlook and share repurchases, despite a rich valuation of 15x on 2013 EPS."
FY12 EPS estimate raised from $2.35 to $2.45 and FY13 from $2.50 to $2.70. The increase reflects strong new sales, lower SG&A, and higher share repurchases.
For an analyst ratings summary and ratings history on AutoNation Inc. click here. For more ratings news on AutoNation Inc. click here.
Shares of AutoNation Inc. closed at $40.78 yesterday.
Analyst, Colin Langan, said, "We view AN as a defensive play on the US SAAR recovery and expect the stock to remain well-supported by a robust near-term earnings outlook and share repurchases, despite a rich valuation of 15x on 2013 EPS."
FY12 EPS estimate raised from $2.35 to $2.45 and FY13 from $2.50 to $2.70. The increase reflects strong new sales, lower SG&A, and higher share repurchases.
For an analyst ratings summary and ratings history on AutoNation Inc. click here. For more ratings news on AutoNation Inc. click here.
Shares of AutoNation Inc. closed at $40.78 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MarineMax (HZO) PT Lowered to $35 at Stifel
- Gilead Sciences (GILD) Misses Q1 EPS by 288c
- First Cash Financial (FCFS) PT Lowered to $140 at TD Cowen
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
UBS, EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
