Sonic Automotive Inc has a consensus price target of $49.22, established from looking at the 27 latest analyst ratings. The last 3 analyst ratings were released from B of A Securities, Morgan Stanley, and Benchmark on February 29, 2024, February 29, 2024, and October 31, 2023. With an average price target of $52.33 between B of A Securities, Morgan Stanley, and Benchmark, there's an implied -6.86% downside for Sonic Automotive Inc from these 3 analyst ratings.
1calculated from analyst ratings published within the last 3 years
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
---|---|---|---|---|---|---|---|---|---|---|---|
02/29/2024 | SAH | Buy Now | Sonic Automotive | $56.19 | -2.12% | B of A Securities | John Murphy | $60 → $55 | Maintains | Underperform | Get Alert |
02/29/2024 | SAH | Buy Now | Sonic Automotive | $56.19 | -28.81% | Morgan Stanley | Adam Jonas | $35 → $40 | Maintains | Underweight | Get Alert |
10/31/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | 10.34% | Benchmark | Michael Ward | $58 → $62 | Maintains | Buy | Get Alert |
10/31/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -11.02% | JP Morgan | Rajat Gupta | → $50 | Downgrade | Neutral → Underweight | Get Alert |
10/12/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -7.46% | JP Morgan | Rajat Gupta | $50 → $52 | Maintains | Neutral | Get Alert |
08/01/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | 3.22% | Benchmark | Michael Ward | $71 → $58 | Maintains | Buy | Get Alert |
07/31/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -11.02% | JP Morgan | Rajat Gupta | $55 → $50 | Maintains | Neutral | Get Alert |
06/23/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -2.12% | Stephens & Co. | Daniel Imbro | → $30 | Reiterates | Overweight → Overweight | Get Alert |
06/23/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -7.46% | JP Morgan | Rajat Gupta | $50 → $52 | Maintains | Neutral | Get Alert |
05/01/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | 3.22% | Benchmark | Michael Ward | $71 → $58 | Maintains | Buy | Get Alert |
02/28/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -37.71% | Morgan Stanley | Adam Jonas | $33 → $35 | Maintains | Underweight | Get Alert |
02/21/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | 26.36% | Benchmark | Michael Lapides | $62 → $71 | Maintains | Buy | Get Alert |
02/21/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -2.12% | JP Morgan | — | $60 → $55 | Downgrade | Overweight → Neutral | Get Alert |
01/17/2023 | SAH | Buy Now | Sonic Automotive | $56.19 | -41.27% | Morgan Stanley | Adam Jonas | $35 → $33 | Maintains | Underweight | Get Alert |
10/31/2022 | SAH | Buy Now | Sonic Automotive | $56.19 | 10.34% | Benchmark | Michael Ward | $71 → $62 | Maintains | Buy | Get Alert |
10/06/2022 | SAH | Buy Now | Sonic Automotive | $56.19 | 6.78% | JP Morgan | Rajat Gupta | → $60 | Upgrade | Neutral → Overweight | Get Alert |
09/09/2022 | SAH | Buy Now | Sonic Automotive | $56.19 | — | B of A Securities | John Murphy | — | Downgrade | Buy → Underperform | Get Alert |
09/01/2022 | SAH | Buy Now | Sonic Automotive | $56.19 | -37.71% | Morgan Stanley | Adam Jonas | $33 → $35 | Maintains | Underweight | Get Alert |
08/01/2022 | SAH | Buy Now | Sonic Automotive | $56.19 | 26.36% | Benchmark | Michael Ward | $85 → $71 | Maintains | Buy | Get Alert |
The latest price target for Sonic Automotive (NYSE: SAH) was reported by B of A Securities on February 29, 2024. The analyst firm set a price target for $55.00 expecting SAH to fall to within 12 months (a possible -2.12% downside). 10 analyst firms have reported ratings in the last year.
The latest analyst rating for Sonic Automotive (NYSE: SAH) was provided by B of A Securities, and Sonic Automotive maintained their underperform rating.
The last upgrade for Sonic Automotive Inc happened on October 6, 2022 when JP Morgan raised their price target to $60. JP Morgan previously had a neutral for Sonic Automotive Inc.
The last downgrade for Sonic Automotive Inc happened on October 31, 2023 when JP Morgan changed their price target from N/A to $50 for Sonic Automotive Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sonic Automotive, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sonic Automotive was filed on February 29, 2024 so you should expect the next rating to be made available sometime around February 28, 2025.
While ratings are subjective and will change, the latest Sonic Automotive (SAH) rating was a maintained with a price target of $60.00 to $55.00. The current price Sonic Automotive (SAH) is trading at is $56.19, which is out of the analyst’s predicted range.
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