Penske Automotive Group (NYSE:PAG – Get Score) was downgraded by inventory analysts at StockNews.com from a “purchase” score to a “maintain” score in a analysis report issued on Friday.
Various different brokerages have additionally issued stories on PAG. JPMorgan Chase & Co. lowered their goal worth on shares of Penske Automotive Group from $125.00 to $110.00 and set a “impartial” score on the inventory in a analysis report on Thursday, October sixth. Financial institution of America lowered their goal worth on shares of Penske Automotive Group from $185.00 to $182.00 and set a “purchase” score on the inventory in a analysis report on Friday, September ninth.
Penske Automotive Group Inventory Up 0.1 %
Penske Automotive Group inventory traded up $0.16 throughout mid-day buying and selling on Friday, hitting $125.49. The corporate had a buying and selling quantity of 81,154 shares, in comparison with its common quantity of 393,726. The inventory has a market cap of $8.95 billion, a price-to-earnings ratio of 6.86, a PEG ratio of 1.02 and a beta of 1.25. Penske Automotive Group has a 1 12 months low of $88.58 and a 1 12 months excessive of $131.55. The corporate has a fast ratio of 0.25, a present ratio of 0.98 and a debt-to-equity ratio of 0.38. The enterprise has a fifty day shifting common of $108.96 and a 200 day shifting common of $111.45.
Penske Automotive Group (NYSE:PAG – Get Score) final introduced its earnings outcomes on Wednesday, October twenty sixth. The corporate reported $4.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.38 by $0.23. The enterprise had income of $6.92 billion for the quarter, in comparison with analyst estimates of $6.79 billion. Penske Automotive Group had a internet margin of 5.14% and a return on fairness of 33.86%. The corporate’s income for the quarter was up 6.5% in comparison with the identical quarter final 12 months. Throughout the identical interval final 12 months, the agency posted $4.46 earnings per share. On common, sell-side analysts count on that Penske Automotive Group will publish 18.36 earnings per share for the present fiscal 12 months.
Institutional Traders Weigh In On Penske Automotive Group
Hedge funds have not too long ago modified their holdings of the inventory. Atlas Capital Advisors LLC acquired a brand new stake in shares of Penske Automotive Group in the course of the first quarter price $26,000. Quent Capital LLC lifted its holdings in shares of Penske Automotive Group by 59.6% in the course of the first quarter. Quent Capital LLC now owns 1,708 shares of the corporate’s inventory price $160,000 after buying a further 638 shares in the course of the interval. Belpointe Asset Administration LLC acquired a brand new stake in Penske Automotive Group within the second quarter valued at $678,000. US Bancorp DE lifted its holdings in Penske Automotive Group by 16.6% within the second quarter. US Bancorp DE now owns 2,295 shares of the corporate’s inventory valued at $240,000 after buying a further 326 shares in the course of the interval. Lastly, Treasurer of the State of North Carolina lifted its holdings in Penske Automotive Group by 2.3% within the second quarter. Treasurer of the State of North Carolina now owns 11,615 shares of the corporate’s inventory valued at $1,216,000 after buying a further 261 shares in the course of the interval. 33.07% of the inventory is owned by institutional buyers and hedge funds.
Penske Automotive Group Firm Profile
(Get Score)
Penske Automotive Group, Inc, a diversified transportation providers firm, operates automotive and business truck dealerships. The corporate operates by 4 segments: Retail Automotive, Retail Industrial Truck, Different, and Non-Automotive Investments. It operates dealerships underneath franchise agreements with numerous automotive producers and distributors.
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