Penske Automotive Group, Inc. (NYSE:PAG – Get Free Report) has earned a consensus score of “Maintain” from the 5 analysts which can be presently overlaying the agency, MarketBeat stories. Two analysis analysts have rated the inventory with a promote suggestion, one has assigned a maintain suggestion and two have assigned a purchase suggestion to the corporate. The typical 12 month worth goal amongst brokers which have lined the inventory within the final yr is $162.40.
A variety of equities analysis analysts have commented on PAG shares. JPMorgan Chase & Co. lifted their goal worth on Penske Automotive Group from $140.00 to $160.00 and gave the corporate an “underweight” score in a analysis report on Tuesday, September tenth. Financial institution of America upped their goal worth on Penske Automotive Group from $175.00 to $180.00 and gave the corporate a “purchase” score in a analysis report on Monday, July twenty second. Lastly, Stephens began protection on Penske Automotive Group in a analysis be aware on Thursday, September twelfth. They set an “equal weight” score and a $161.00 goal worth for the corporate.
Examine Out Our Newest Analysis Report on Penske Automotive Group
Penske Automotive Group Inventory Up 2.5 %
Shares of PAG opened at $156.07 on Thursday. The enterprise’s 50 day shifting common is $160.83 and its 200 day shifting common is $155.38. The corporate has a present ratio of 0.98, a fast ratio of 0.22 and a debt-to-equity ratio of 0.32. Penske Automotive Group has a 12-month low of $137.95 and a 12-month excessive of $179.72. The corporate has a market capitalization of $10.44 billion, a PE ratio of 10.85 and a beta of 1.16.
Penske Automotive Group (NYSE:PAG – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, July thirty first. The corporate reported $3.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.22. Penske Automotive Group had a return on fairness of 19.82% and a web margin of three.05%. The enterprise had income of $7.70 billion for the quarter, in comparison with the consensus estimate of $7.59 billion. Throughout the identical quarter within the prior yr, the corporate earned $4.41 EPS. The enterprise’s income was up 3.1% in comparison with the identical quarter final yr. Analysis analysts count on that Penske Automotive Group will put up 13.79 earnings per share for the present fiscal yr.
Penske Automotive Group Will increase Dividend
The corporate additionally lately disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of file on Thursday, August fifteenth had been paid a dividend of $1.07 per share. The ex-dividend date of this dividend was Thursday, August fifteenth. This can be a constructive change from Penske Automotive Group’s earlier quarterly dividend of $0.96. This represents a $4.28 annualized dividend and a dividend yield of two.74%. Penske Automotive Group’s payout ratio is at the moment 29.76%.
Insider Transactions at Penske Automotive Group
In different Penske Automotive Group information, Director John Barr offered 716 shares of Penske Automotive Group inventory in a transaction that occurred on Thursday, August 1st. The shares had been offered at a median worth of $170.71, for a complete transaction of $122,228.36. The sale was disclosed in a doc filed with the Securities & Change Fee, which is on the market via this hyperlink. 51.70% of the inventory is at the moment owned by insiders.
Institutional Buying and selling of Penske Automotive Group
A variety of giant buyers have lately made adjustments to their positions within the inventory. Fifth Third Bancorp elevated its holdings in shares of Penske Automotive Group by 32.2% within the second quarter. Fifth Third Bancorp now owns 374 shares of the corporate’s inventory valued at $56,000 after buying a further 91 shares through the interval. Worldwide Property Funding Administration LLC bought a brand new stake in shares of Penske Automotive Group through the second quarter price $69,000. WFA Asset Administration Corp bought a brand new stake in shares of Penske Automotive Group through the first quarter price $84,000. Blue Belief Inc. lifted its place in shares of Penske Automotive Group by 17.5% through the 2nd quarter. Blue Belief Inc. now owns 757 shares of the corporate’s inventory price $123,000 after buying a further 113 shares over the last quarter. Lastly, NDVR Inc. acquired a brand new place in shares of Penske Automotive Group within the 4th quarter valued at $203,000. 77.08% of the inventory is owned by hedge funds and different institutional buyers.
Penske Automotive Group Firm Profile
Penske Automotive Group, Inc, a diversified transportation providers firm, operates automotive and business truck dealerships worldwide. The corporate operates via 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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