Shares of Penske Automotive Group, Inc. (NYSE:PAG) have been assigned an average rating of “Hold” from the ten analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $44.88.
A number of research analysts recently weighed in on the stock. Benchmark raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a report on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their target price on Penske Automotive Group from $39.00 to $43.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. SunTrust Banks lifted their target price on Penske Automotive Group from $42.00 to $48.00 in a research note on Wednesday, June 10th. Stephens cut their target price on Penske Automotive Group from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 31st. Finally, Morgan Stanley lifted their target price on Penske Automotive Group from $44.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday, July 10th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Selective Wealth Management Inc. acquired a new stake in shares of Penske Automotive Group during the 2nd quarter worth about $79,000. State Street Corp grew its position in Penske Automotive Group by 1.6% during the first quarter. State Street Corp now owns 647,040 shares of the company’s stock valued at $18,117,000 after acquiring an additional 10,284 shares during the period. Royal Bank of Canada grew its position in Penske Automotive Group by 80.6% during the first quarter. Royal Bank of Canada now owns 26,737 shares of the company’s stock valued at $748,000 after acquiring an additional 11,930 shares during the period. Bahl & Gaynor Inc. grew its position in Penske Automotive Group by 25.9% during the first quarter. Bahl & Gaynor Inc. now owns 68,681 shares of the company’s stock valued at $1,923,000 after acquiring an additional 14,148 shares during the period. Finally, Advisor Group Holdings Inc. purchased a new stake in Penske Automotive Group during the first quarter valued at about $200,000. Hedge funds and other institutional investors own 39.60% of the company’s stock.
PAG opened at $44.71 on Tuesday. The company’s 50-day simple moving average is $39.37 and its two-hundred day simple moving average is $39.73. Penske Automotive Group has a 52-week low of $19.99 and a 52-week high of $53.81. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.22 and a current ratio of 1.03. The stock has a market capitalization of $3.60 billion, a P/E ratio of 9.45, a P/E/G ratio of 4.66 and a beta of 1.66.
Penske Automotive Group (NYSE:PAG) last released its earnings results on Wednesday, May 6th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.05). Penske Automotive Group had a return on equity of 14.32% and a net margin of 1.72%. The firm had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $5.16 billion. During the same quarter in the previous year, the business posted $1.25 EPS. Penske Automotive Group’s revenue was down 10.0% on a year-over-year basis. Research analysts forecast that Penske Automotive Group will post 2.8 EPS for the current fiscal year.
About Penske Automotive Group
Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.
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