Penske Automotive Group, Inc. (NYSE:PAG) Receives Consensus Recommendation of “Hold” from Analysts

Penske Automotive Group, Inc. (NYSE:PAG) has earned a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $170.25.

Separately, Benchmark began coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a “buy” rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC grew its stake in Penske Automotive Group by 44.8% in the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after acquiring an additional 81 shares in the last quarter. True Wealth Design LLC lifted its holdings in Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after buying an additional 445 shares during the period. Transamerica Financial Advisors Inc. boosted its position in Penske Automotive Group by 45,300.0% during the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after acquiring an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Penske Automotive Group in the 3rd quarter valued at $94,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Penske Automotive Group in the 3rd quarter worth $112,000. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Price Performance

Shares of NYSE PAG opened at $168.57 on Friday. The company has a 50 day moving average of $160.08 and a 200 day moving average of $159.69. 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 has a twelve month low of $142.32 and a twelve month high of $179.72. The firm has a market cap of $11.26 billion, a P/E ratio of 12.92 and a beta of 1.20.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 EPS for the quarter, missing analysts’ consensus estimates of $3.41 by ($0.02). Penske Automotive Group had a return on equity of 18.38% and a net margin of 2.91%. The company had revenue of $7.59 billion during the quarter, compared to the consensus estimate of $7.67 billion. During the same quarter in the prior year, the firm earned $3.90 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year. As a group, research analysts expect that Penske Automotive Group will post 13.53 EPS for the current fiscal year.

About Penske Automotive Group

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.