Group 1 Automotive (NYSE:GPI) Price Target Lowered to $315.00 at JPMorgan Chase & Co.

Group 1 Automotive (NYSE:GPI) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $325.00 to $315.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 19.69% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Stephens restated an “overweight” rating and issued a $330.00 price objective on shares of Group 1 Automotive in a research note on Tuesday, February 13th. StockNews.com cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Guggenheim upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $305.00 price objective for the company in a research note on Wednesday. Finally, Morgan Stanley upgraded Group 1 Automotive from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $200.00 to $255.00 in a research note on Thursday, February 29th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Group 1 Automotive has a consensus rating of “Moderate Buy” and an average target price of $331.67.

Group 1 Automotive Trading Down 1.0 %

Shares of NYSE:GPI opened at $263.17 on Wednesday. The business’s 50-day moving average is $272.19 and its 200 day moving average is $273.60. Group 1 Automotive has a 1 year low of $214.25 and a 1 year high of $310.08. The firm has a market capitalization of $3.56 billion, a P/E ratio of 6.17, a P/E/G ratio of 1.38 and a beta of 1.42. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.11 and a quick ratio of 0.33.

Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $9.50 earnings per share for the quarter, missing analysts’ consensus estimates of $10.44 by ($0.94). Group 1 Automotive had a net margin of 3.34% and a return on equity of 24.36%. The firm had revenue of $4.50 billion during the quarter, compared to analyst estimates of $4.41 billion. During the same period in the prior year, the company posted $10.86 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts predict that Group 1 Automotive will post 38.97 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hsbc Holdings PLC raised its position in Group 1 Automotive by 47.5% during the third quarter. Hsbc Holdings PLC now owns 15,051 shares of the company’s stock valued at $4,082,000 after acquiring an additional 4,844 shares in the last quarter. Burney Co. grew its holdings in Group 1 Automotive by 11.0% in the third quarter. Burney Co. now owns 70,085 shares of the company’s stock valued at $18,832,000 after purchasing an additional 6,946 shares during the period. Covalis Capital LLP acquired a new stake in Group 1 Automotive in the third quarter valued at approximately $16,330,000. Boston Partners acquired a new stake in Group 1 Automotive in the third quarter valued at approximately $12,703,000. Finally, Quadrature Capital Ltd acquired a new stake in Group 1 Automotive in the third quarter valued at approximately $2,770,000. 99.92% of the stock is currently owned by hedge funds and other institutional investors.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.