Penske Automotive Group (NYSE:PAG) Earns “Equal Weight” Rating from Stephens

Penske Automotive Group (NYSE:PAG)‘s stock had its “equal weight” rating reaffirmed by equities researchers at Stephens in a research report issued on Tuesday,Benzinga reports. They currently have a $165.00 target price on the stock. Stephens’ target price indicates a potential downside of 5.51% from the stock’s current price.

Separately, Benchmark began coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Penske Automotive Group has an average rating of “Hold” and an average target price of $171.25.

Penske Automotive Group Trading Up 0.1 %

Penske Automotive Group stock opened at $174.63 on Tuesday. Penske Automotive Group has a 52-week low of $142.32 and a 52-week high of $180.12. The firm has a market capitalization of $11.66 billion, a price-to-earnings ratio of 13.38 and a beta of 1.20. The firm has a 50-day moving average price of $160.69 and a two-hundred day moving average price of $160.34. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Thursday, February 13th. The company reported $3.54 EPS for the quarter, topping the consensus estimate of $3.37 by $0.17. The company had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.56 billion. Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. Sell-side analysts expect that Penske Automotive Group will post 13.51 earnings per share for the current year.

Institutional Trading of Penske Automotive Group

A number of hedge funds have recently bought and sold shares of PAG. GAMMA Investing LLC lifted its position in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after purchasing an additional 81 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Penske Automotive Group in the fourth quarter valued at approximately $40,000. True Wealth Design LLC lifted its position in Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after purchasing an additional 445 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its position in Penske Automotive Group by 45,300.0% in the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after purchasing an additional 453 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Penske Automotive Group in the fourth quarter valued at approximately $76,000. Institutional investors own 77.08% of the company’s stock.

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.