Penske Automotive Team (NYSE:PAG – Get Score) experienced its cost concentrate on minimize by JPMorgan Chase & Co. from $120.00 to $105.00 in a investigate take note produced on Thursday early morning, The Fly stories. They now have a neutral score on the inventory.
Several other research firms also recently weighed in on PAG. StockNews.com raised shares of Penske Automotive Group from a buy rating to a robust-purchase ranking in a report on Thursday. Zacks Expense Investigate downgraded shares of Penske Automotive Group from a obtain rating to a maintain rating and set a $105.00 price objective for the business. in a report on Thursday, March 10th. Last but not least, Morgan Stanley boosted their price goal on shares of Penske Automotive Group from $90.00 to $95.00 and gave the stock an underweight rating in a research report on Tuesday, March 8th. One equities investigate analyst has rated the stock with a offer rating, two have supplied a keep ranking, a few have assigned a buy ranking and a person has assigned a sturdy purchase score to the company. According to MarketBeat, the business at the moment has an typical score of Acquire and a consensus price concentrate on of $114.83.
PAG inventory opened at $93.99 on Thursday. The firm has a sector capitalization of $7.22 billion, a P/E ratio of 6.30, a PEG ratio of 3.22 and a beta of 1.43. The organization has a 50-working day straightforward going normal of $99.44 and a 200 working day easy relocating normal of $102.62. Penske Automotive Group has a fifty-two 7 days very low of $72.35 and a fifty-two 7 days substantial of $114.34. The corporation has a speedy ratio of .22, a present ratio of .95 and a credit card debt-to-fairness ratio of .34.
Penske Automotive Team (NYSE:PAG – Get Rating) very last posted its quarterly earnings knowledge on Wednesday, February 9th. The enterprise noted $4.10 earnings for each share for the quarter, topping the consensus estimate of $3.67 by $.43. The business enterprise had earnings of $6.30 billion throughout the quarter, when compared to the consensus estimate of $6.23 billion. Penske Automotive Group had a internet margin of 4.65% and a return on fairness of 32.03%. During the same quarter in the prior calendar year, the firm posted $2.49 earnings for every share. Equities analysts foresee that Penske Automotive Group will write-up 15.06 EPS for the present 12 months.
The firm also a short while ago declared a quarterly dividend, which was paid on Tuesday, March 1st. Shareholders of record on Thursday, February 10th were presented a $.47 dividend. The ex-dividend day was Wednesday, February 9th. This is a improve from Penske Automotive Group’s past quarterly dividend of $.46. This signifies a $1.88 annualized dividend and a produce of 2.00%. Penske Automotive Group’s payout ratio is 12.60%.
Institutional investors have just lately modified their holdings of the business. O Shaughnessy Asset Administration LLC elevated its holdings in Penske Automotive Group by 398.% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock well worth $25,000 soon after acquiring an more 199 shares all through the period. Future Economic Group Inc lifted its holdings in Penske Automotive Team by 118.9% for the duration of the 4th quarter. Next Monetary Team Inc now owns 313 shares of the company’s stock value $34,000 after acquiring an more 170 shares through the period. Moors & Cabot Inc. obtained a new stake in Penske Automotive Group all through the 3rd quarter worth about $38,000. Whittier Have confidence in Co. acquired a new stake in Penske Automotive Group all through the 4th quarter worthy of about $43,000. Lastly, Atticus Prosperity Administration LLC acquired a new stake in Penske Automotive Group in the course of the 3rd quarter truly worth about $44,000. Hedge funds and other institutional traders personal 50.18% of the company’s inventory.
About Penske Automotive Team (Get Rating)
Penske Automotive Group, Inc operates as an international transportation services firm. Which engages in the distribution of commercial cars, diesel engines, gas engines, electricity units and relevant elements & expert services. It operates by way of the pursuing segments: Retail Automotive, Retail Professional Truck, Non-Automotive Investments, and Other.
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