Penske Automotive Group, Inc. (NYSE:PAG) Receives $170.25 Average Price Target from Analysts

Shares of Penske Automotive Group, Inc. (NYSE:PAG) have received a consensus recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $170.25.

Several equities analysts recently issued reports on PAG shares. Benchmark initiated coverage on Penske Automotive Group in a research note on Thursday, December 12th. They set a “buy” rating on the stock. Morgan Stanley upgraded Penske Automotive Group from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $115.00 to $180.00 in a research report on Wednesday, September 25th.

Penske Automotive Group Stock Down 0.8 %

Shares of Penske Automotive Group stock opened at $151.26 on Monday. Penske Automotive Group has a 1-year low of $142.32 and a 1-year high of $179.72. The company has a market capitalization of $10.10 billion, a PE ratio of 11.59 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. The business has a 50-day moving average of $159.51 and a 200-day moving average of $158.42.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $3.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.41 by ($0.02). Penske Automotive Group had a net margin of 2.91% and a return on equity of 18.38%. The company had revenue of $7.59 billion during the quarter, compared to analyst estimates of $7.67 billion. During the same period in the prior year, the company earned $3.90 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Penske Automotive Group will post 13.5 EPS for the current fiscal year.

Penske Automotive Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a $1.19 dividend. The ex-dividend date was Friday, November 15th. This represents a $4.76 annualized dividend and a dividend yield of 3.15%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.07. Penske Automotive Group’s payout ratio is currently 36.48%.

Institutional Investors Weigh In On Penske Automotive Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after buying an additional 81 shares in the last quarter. True Wealth Design LLC raised its holdings in shares of Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock valued at $73,000 after acquiring an additional 445 shares during the period. Transamerica Financial Advisors Inc. lifted its position in shares of Penske Automotive Group by 45,300.0% in 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 acquired a new position in Penske Automotive Group in the 3rd quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new stake in Penske Automotive Group during the 3rd quarter valued at $112,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Penske Automotive Group Company Profile

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.