Penske Automotive Group, Inc. (NYSE:PAG) Receives $168.20 Average PT from Analysts

Penske Automotive Group, Inc. (NYSE:PAG) has been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $163.20.

PAG has been the topic of a number of research reports. Morgan Stanley increased their price objective on shares of Penske Automotive Group from $107.00 to $115.00 and gave the company an “underweight” rating in a research note on Thursday, February 29th. Bank of America increased their price objective on shares of Penske Automotive Group from $175.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th.

Penske Automotive Group Stock Performance

NYSE:PAG opened at $150.62 on Wednesday. The stock has a market cap of $10.10 billion, a PE ratio of 9.73 and a beta of 1.19. Penske Automotive Group has a fifty-two week low of $133.72 and a fifty-two week high of $180.84. The firm’s fifty day simple moving average is $153.19 and its 200-day simple moving average is $153.07. The company has a quick ratio of 0.25, a current ratio of 1.00 and a debt-to-equity ratio of 0.30.

Penske Automotive Group (NYSE:PAG) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $3.45 EPS for the quarter, missing analysts’ consensus estimates of $3.66 by ($0.21). The business had revenue of $7.27 billion during the quarter, compared to analyst estimates of $7.18 billion. Penske Automotive Group had a net margin of 3.57% and a return on equity of 24.19%. Penske Automotive Group’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $4.21 earnings per share. Analysts expect that Penske Automotive Group will post 13.83 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Penske Automotive Group news, Director John Barr sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total transaction of $246,480.00. Following the sale, the director now directly owns 716 shares of the company’s stock, valued at approximately $110,299.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director John Barr sold 1,600 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $154.05, for a total transaction of $246,480.00. Following the transaction, the director now directly owns 716 shares in the company, valued at approximately $110,299.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Greg C. Smith sold 1,604 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $149.38, for a total transaction of $239,605.52. Following the transaction, the director now owns 51,001 shares in the company, valued at $7,618,529.38. The disclosure for this sale can be found here. 52.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Penske Automotive Group during the 3rd quarter worth about $1,257,000. Tudor Investment Corp Et Al lifted its position in Penske Automotive Group by 29.9% during the third quarter. Tudor Investment Corp Et Al now owns 69,253 shares of the company’s stock valued at $11,569,000 after buying an additional 15,946 shares in the last quarter. Hsbc Holdings PLC lifted its position in Penske Automotive Group by 306.3% during the third quarter. Hsbc Holdings PLC now owns 25,785 shares of the company’s stock valued at $4,331,000 after buying an additional 19,438 shares in the last quarter. Invesco Ltd. lifted its position in Penske Automotive Group by 164.3% during the third quarter. Invesco Ltd. now owns 292,758 shares of the company’s stock valued at $48,908,000 after buying an additional 181,995 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Penske Automotive Group by 47.4% during the third quarter. Northern Trust Corp now owns 136,995 shares of the company’s stock valued at $22,886,000 after buying an additional 44,044 shares in the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

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.