What 7 Analyst Ratings Have To Say About Sonic Automotive
Portfolio Pulse from Benzinga Insights
Sonic Automotive (NYSE:SAH) has received mixed analyst ratings over the past quarter, with a majority being bullish. The average 12-month price target has increased to $67.57, indicating positive sentiment. Analysts have adjusted their ratings and price targets in response to market conditions, reflecting a dynamic view of the company's performance. Despite a recent decline in revenue growth, Sonic Automotive maintains strong financial health with efficient cost management and effective utilization of equity and assets.
October 25, 2024 | 12:00 pm
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Sonic Automotive has received a mix of bullish and somewhat bullish ratings from analysts, with an increase in the average 12-month price target to $67.57. Despite a recent decline in revenue growth, the company shows strong financial health with efficient cost management and effective use of equity and assets.
The majority of analysts have a bullish outlook on Sonic Automotive, with an increase in the average price target indicating positive sentiment. The company's strong financial health, despite a recent revenue decline, supports a likely positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100