Group 1 Automotive (NYSE:GPI) had its price target upped by equities research analysts at Morgan Stanley from $104.00 to $105.00 in a research report issued on Tuesday, AnalystRatings.com reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 15.55% from the company’s previous close.
A number of other analysts also recently issued reports on GPI. Buckingham Research set a $87.00 price target on shares of Group 1 Automotive and gave the stock a “hold” rating in a report on Tuesday, September 24th. ValuEngine downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Group 1 Automotive presently has a consensus rating of “Buy” and a consensus target price of $84.80.
GPI stock opened at $90.87 on Tuesday. The firm’s fifty day simple moving average is $84.32 and its 200-day simple moving average is $79.11. The company has a market capitalization of $1.63 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.79. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.01 and a quick ratio of 0.24. Group 1 Automotive has a 12 month low of $48.69 and a 12 month high of $94.27.
Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Thursday, July 25th. The company reported $2.83 EPS for the quarter, beating the consensus estimate of $2.74 by $0.09. Group 1 Automotive had a net margin of 1.31% and a return on equity of 15.90%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.92 billion. During the same period in the prior year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Group 1 Automotive will post 10.28 earnings per share for the current year.
In other Group 1 Automotive news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $88.22, for a total transaction of $882,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Darryl M. Burman sold 10,051 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $87.58, for a total transaction of $880,266.58. The disclosure for this sale can be found here. Insiders have sold 48,559 shares of company stock worth $4,257,447 over the last three months. 6.00% of the stock is currently owned by insiders.
A number of large investors have recently bought and sold shares of the business. Campbell & CO Investment Adviser LLC boosted its stake in Group 1 Automotive by 83.1% during the third quarter. Campbell & CO Investment Adviser LLC now owns 9,002 shares of the company’s stock worth $831,000 after buying an additional 4,086 shares during the period. Flaharty Asset Management LLC purchased a new position in Group 1 Automotive during the third quarter worth about $223,000. Hexavest Inc. purchased a new position in Group 1 Automotive during the third quarter worth about $281,000. Denali Advisors LLC boosted its stake in Group 1 Automotive by 193.3% during the third quarter. Denali Advisors LLC now owns 8,800 shares of the company’s stock worth $812,000 after buying an additional 5,800 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in Group 1 Automotive by 124.0% during the third quarter. State of Alaska Department of Revenue now owns 13,412 shares of the company’s stock worth $1,238,000 after buying an additional 7,425 shares during the period.
About Group 1 Automotive
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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