Shares of Penske Automotive Group, Inc. (NYSE:PAG – Get Ranking) have been assigned an typical score of “Buy” from the 7 analysts that are currently covering the firm, MarketBeat reports. Just one investment decision analyst has rated the inventory with a provide advice, two have assigned a maintain advice, three have issued a buy suggestion and one particular has issued a strong obtain suggestion on the organization. The average 1 calendar year target rate between analysts that have up-to-date their protection on the inventory in the past calendar year is $114.83.
Various equities investigate analysts have lately weighed in on the corporation. Morgan Stanley lifted their price goal on Penske Automotive Team from $90.00 to $95.00 and gave the stock an “underweight” rating in a research notice on Tuesday, March 8th. StockNews.com lifted Penske Automotive Team from a “buy” rating to a “strong-buy” ranking in a research report on Thursday. Zacks Financial commitment Investigate reduce Penske Automotive Team from a “buy” ranking to a “hold” score and established a $105.00 concentrate on price tag for the company. in a investigate report on Thursday, March 10th. Finally, JPMorgan Chase & Co. reduced their goal price tag on Penske Automotive Group from $120.00 to $105.00 and set a “neutral” rating for the business in a study report on Thursday.
A range of institutional traders and hedge resources have just lately included to or decreased their stakes in PAG. BOKF NA lifted its holdings in Penske Automotive Group by 1.4% for the duration of the fourth quarter. BOKF NA now owns 9,399 shares of the company’s stock valued at $1,008,000 right after acquiring an supplemental 130 shares in the final quarter. Norges Bank acquired a new situation in Penske Automotive Team in the course of the fourth quarter valued at about $11,919,000. Walleye Capital LLC elevated its holdings in Penske Automotive Group by 1,223.4% in the course of the fourth quarter. Walleye Money LLC now owns 64,462 shares of the company’s stock valued at $6,912,000 immediately after getting an added 59,591 shares in the very last quarter. Quent Capital LLC acquired a new placement in Penske Automotive Group all through the fourth quarter valued at about $115,000. Last but not least, Barclays PLC lifted its holdings in Penske Automotive Group by 32.8% for the duration of the fourth quarter. Barclays PLC now owns 49,781 shares of the company’s stock valued at $5,338,000 right after acquiring an additional 12,305 shares in the very last quarter. 50.18% of the inventory is owned by hedge resources and other institutional traders.
Shares of PAG traded up $1.79 all through investing hours on Friday, hitting $93.99. 339,642 shares of the company were being exchanged, in contrast to its normal quantity of 316,068. The business has a market capitalization of $7.22 billion, a PE ratio of 6.30, a PEG ratio of 3.22 and a beta of 1.43. The firm has a personal debt-to-equity ratio of .34, a recent ratio of .95 and a quick ratio of .22. The company has a fifty working day very simple relocating typical of $99.44 and a 200-working day very simple shifting typical of $102.61. Penske Automotive Group has a 1 yr minimal of $72.35 and a a person yr large of $114.34.
Penske Automotive Group (NYSE:PAG – Get Rating) past introduced its quarterly earnings knowledge on Wednesday, February 9th. The business documented $4.10 earnings for each share for the quarter, topping the consensus estimate of $3.67 by $.43. The organization experienced revenue of $6.30 billion throughout the quarter, as opposed to analyst estimates of $6.23 billion. Penske Automotive Team had a return on fairness of 32.03% and a web margin of 4.65%. All through the identical interval last yr, the business posted $2.49 EPS. Sell-aspect analysts hope that Penske Automotive Team will article 15.06 EPS for the recent calendar year.
The business also lately disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Traders of history on Thursday, February 10th were being provided a dividend of $.47 for each share. This is a boost from Penske Automotive Group’s former quarterly dividend of $.46. The ex-dividend date of this dividend was Wednesday, February 9th. This represents a $1.88 dividend on an annualized foundation and a generate of 2.00%. Penske Automotive Group’s dividend payout ratio (DPR) is presently 12.60%.
About Penske Automotive Group (Get Ranking)
Penske Automotive Group, Inc operates as an intercontinental transportation expert services organization. Which engages in the distribution of industrial motor vehicles, diesel engines, gasoline engines, electrical power units and connected parts & companies. It operates by means of the next segments: Retail Automotive, Retail Business Truck, Non-Automotive Investments, and Other.
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