ValuEngine Lowers Penske Automotive Group (PAG) to Sell

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.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Thursday, October 25th. The company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.04. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.86 billion. Penske Automotive Group had a net margin of 3.09% and a return on equity of 17.76%. As a group, analysts anticipate that Penske Automotive Group will post 5.38 EPS for the current fiscal year.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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