Penske Automotive Group, Inc. (NYSE:PAG) Receives Average Rating of “Buy” from Brokerages

Shares of Penske Automotive Group, Inc. (NYSE:PAGGet Ranking) have been assigned an common rating of “Buy” from the seven analysts that are now covering the company, MarketBeat studies. A person expenditure analyst has rated the stock with a sell recommendation, two have assigned a maintain advice, a few have issued a acquire suggestion and 1 has issued a powerful purchase recommendation on the enterprise. The typical 1 year focus on value amid analysts that have current their protection on the stock in the past yr is $114.83.

Various equities investigate analysts have not too long ago weighed in on the company. Morgan Stanley raised their selling price aim on Penske Automotive Team from $90.00 to $95.00 and gave the stock an “underweight” score in a investigation take note on Tuesday, March 8th. StockNews.com raised Penske Automotive Team from a “buy” ranking to a “strong-buy” score in a research report on Thursday. Zacks Financial investment Research cut Penske Automotive Team from a “buy” rating to a “hold” ranking and established a $105.00 goal value for the enterprise. in a study report on Thursday, March 10th. Ultimately, JPMorgan Chase & Co. reduced their focus on cost on Penske Automotive Team from $120.00 to $105.00 and established a “neutral” score for the enterprise in a study report on Thursday.

A selection of institutional traders and hedge cash have not long ago added to or minimized their stakes in PAG. BOKF NA raised its holdings in Penske Automotive Group by 1.4% in the course of the fourth quarter. BOKF NA now owns 9,399 shares of the company’s inventory valued at $1,008,000 just after obtaining an additional 130 shares in the past quarter. Norges Financial institution purchased a new posture in Penske Automotive Group during the fourth quarter valued at about $11,919,000. Walleye Cash LLC raised its holdings in Penske Automotive Team by 1,223.4% through the fourth quarter. Walleye Funds LLC now owns 64,462 shares of the company’s inventory valued at $6,912,000 following buying an supplemental 59,591 shares in the very last quarter. Quent Capital LLC acquired a new placement in Penske Automotive Group in the course of the fourth quarter valued at about $115,000. Lastly, Barclays PLC raised its holdings in Penske Automotive Team by 32.8% in the course of the fourth quarter. Barclays PLC now owns 49,781 shares of the company’s inventory valued at $5,338,000 following getting an added 12,305 shares in the previous quarter. 50.18% of the inventory is owned by hedge money and other institutional buyers.

Shares of PAG traded up $1.79 in the course of buying and selling several hours on Friday, hitting $93.99. 339,642 shares of the business were being exchanged, as opposed to its ordinary quantity of 316,068. The firm has a market place 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-fairness ratio of .34, a latest ratio of .95 and a swift ratio of .22. The organization has a fifty working day uncomplicated transferring regular of $99.44 and a 200-day simple shifting typical of $102.61. Penske Automotive Team has a a single calendar year reduced of $72.35 and a 1 year significant of $114.34.

Penske Automotive Team (NYSE:PAGGet Rating) final launched its quarterly earnings details on Wednesday, February 9th. The organization claimed $4.10 earnings for every share for the quarter, topping the consensus estimate of $3.67 by $.43. The business experienced profits of $6.30 billion through the quarter, compared to analyst estimates of $6.23 billion. Penske Automotive Team experienced a return on fairness of 32.03% and a net margin of 4.65%. All through the very same time period very last 12 months, the organization posted $2.49 EPS. Provide-side analysts anticipate that Penske Automotive Team will write-up 15.06 EPS for the current year.

The corporation also not long ago disclosed a quarterly dividend, which was paid on Tuesday, March 1st. Traders of history on Thursday, February 10th ended up offered a dividend of $.47 for each share. This is a improve from Penske Automotive Group’s past quarterly dividend of $.46. The ex-dividend day of this dividend was Wednesday, February 9th. This represents a $1.88 dividend on an annualized foundation and a produce of 2.00%. Penske Automotive Group’s dividend payout ratio (DPR) is presently 12.60%.

About Penske Automotive Team (Get Rating)

Penske Automotive Group, Inc operates as an intercontinental transportation companies enterprise. Which engages in the distribution of business cars, diesel engines, fuel engines, electric power programs and connected elements & services. It operates through the pursuing segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other.

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