Penske Automotive Group, Inc. (NYSE:PAG) Receives Average Rating of “Hold” from Brokerages

Penske Automotive Group, Inc. (NYSE:PAG) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $170.25.

Separately, Benchmark assumed coverage on shares of Penske Automotive Group in a research note on Thursday, December 12th. They issued a “buy” rating for the company.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in shares of Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after purchasing an additional 81 shares during the period. True Wealth Design LLC lifted its holdings in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after acquiring an additional 445 shares during the last quarter. Transamerica Financial Advisors Inc. boosted its stake in Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after acquiring an additional 453 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Penske Automotive Group during the 3rd quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Penske Automotive Group in the 3rd quarter worth approximately $112,000. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Up 2.2 %

Penske Automotive Group stock opened at $168.57 on Friday. Penske Automotive Group has a twelve month low of $142.32 and a twelve month high of $179.72. The stock has a market capitalization of $11.26 billion, a price-to-earnings ratio of 12.92 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $160.08 and a two-hundred day moving average of $159.69.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.02). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The firm had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same quarter in the prior year, the company earned $3.90 EPS. The business’s revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Penske Automotive Group will post 13.53 earnings per share for the current year.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.