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

Shares of Penske Automotive Group, Inc. (NYSE:PAG) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $163.20.

Several equities research analysts have commented on the stock. Bank of America raised their price target on shares of Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Morgan Stanley upped their price target on shares of Penske Automotive Group from $107.00 to $115.00 and gave the stock an “underweight” rating in a research note on Thursday, February 29th.

Insider Transactions at Penske Automotive Group

In related news, Director John Barr sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total value of $246,480.00. Following the transaction, the director now directly owns 716 shares of the company’s stock, valued at approximately $110,299.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Greg C. Smith sold 1,604 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $149.38, for a total value of $239,605.52. Following the sale, the director now owns 51,001 shares in the company, valued at approximately $7,618,529.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Barr sold 1,600 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $154.05, for a total value of $246,480.00. Following the sale, the director now owns 716 shares in the company, valued at approximately $110,299.80. The disclosure for this sale can be found here. Company insiders own 51.70% of the company’s stock.

Institutional Investors Weigh In On Penske Automotive Group

A number of institutional investors and hedge funds have recently made changes to their positions in PAG. Teachers Retirement System of The State of Kentucky bought a new position in Penske Automotive Group in the third quarter valued at approximately $1,257,000. Tudor Investment Corp Et Al lifted its stake in Penske Automotive Group by 29.9% in the third quarter. Tudor Investment Corp Et Al now owns 69,253 shares of the company’s stock valued at $11,569,000 after acquiring an additional 15,946 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in Penske Automotive Group in the fourth quarter valued at approximately $802,000. Hsbc Holdings PLC boosted its position in Penske Automotive Group by 306.3% during the third quarter. Hsbc Holdings PLC now owns 25,785 shares of the company’s stock worth $4,331,000 after purchasing an additional 19,438 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Penske Automotive Group by 47.4% during the third quarter. Northern Trust Corp now owns 136,995 shares of the company’s stock worth $22,886,000 after acquiring an additional 44,044 shares during the period. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Performance

Penske Automotive Group stock opened at $153.44 on Friday. Penske Automotive Group has a 12-month low of $133.72 and a 12-month high of $180.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.98 and a quick ratio of 0.25. The company has a market capitalization of $10.26 billion, a price-to-earnings ratio of 10.67 and a beta of 1.21. The firm’s fifty day moving average price is $153.72 and its 200 day moving average price is $152.83.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Tuesday, April 30th. The company reported $3.21 EPS for the quarter, missing analysts’ consensus estimates of $3.35 by ($0.14). Penske Automotive Group had a return on equity of 21.72% and a net margin of 3.27%. The business had revenue of $7.45 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the firm earned $4.31 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, research analysts forecast that Penske Automotive Group will post 13.8 EPS for the current fiscal year.

Penske Automotive Group Company Profile

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.