Penske Automotive Group (NYSE:PAG) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday, October 17th.
Several other analysts have also issued reports on PAG. Zacks Investment Research upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Tuesday, June 19th. Morgan Stanley raised shares of Penske Automotive Group to a “buy” rating in a report on Tuesday, July 10th. Guggenheim set a $53.00 price objective on shares of Penske Automotive Group and gave the stock a “buy” rating in a report on Friday, July 13th. Finally, SunTrust Banks started coverage on shares of Penske Automotive Group in a report on Friday, August 24th. They set a “buy” rating and a $60.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $57.60.
NYSE:PAG traded down $0.85 during midday trading on Wednesday, reaching $44.12. The stock had a trading volume of 244,243 shares, compared to its average volume of 560,236. Penske Automotive Group has a 1-year low of $41.74 and a 1-year high of $54.83. The company has a current ratio of 1.01, a quick ratio of 0.22 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.82 billion, a PE ratio of 10.24, a PEG ratio of 1.24 and a beta of 1.49.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ffcm LLC acquired a new stake in Penske Automotive Group in the 3rd quarter valued at about $126,000. Mount Yale Investment Advisors LLC acquired a new stake in shares of Penske Automotive Group during the 1st quarter worth approximately $141,000. State of Alaska Department of Revenue grew its position in shares of Penske Automotive Group by 39.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,913 shares of the company’s stock worth $183,000 after buying an additional 1,113 shares during the period. Trilogy Capital Inc. acquired a new stake in shares of Penske Automotive Group during the 3rd quarter worth approximately $198,000. Finally, Bridgewater Associates LP acquired a new stake in shares of Penske Automotive Group during the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 42.38% of the company’s stock.
Penske Automotive Group Company Profile
Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.
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