Morgan Stanley (NYSE:MS) analyst Adam Jonas maintained a Hold rating on Sonic Automotive (NYSE:SAH) on Monday, setting a price target of $48, which is approximately 9.66% above the present share price of $43.77.
Jonas expects Sonic Automotive to post earnings per share (EPS) of $1.41 for the fourth quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Sonic Automotive, with an average price target of $49.67.
The analysts price targets range from a high of $54 to a low of $47.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.55 billion and a net profit of $96.46 million. The company's market cap is $1.84 billion.
According to TipRanks.com, Morgan Stanley analyst Adam Jonas is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 54.40% success rate.
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 through the following segments: Franchised Dealerships and EchoPark. 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 EchoPark segment sales used cars and light trucks. Sonic Automotive was founded by Ollen Bruton Smith and Bryan Scott Smith in January 1997 and is headquartered in Charlotte, NC.