Penske Automotive Group (NYSE:PAG) Given New $93.00 Price Target at Morgan Stanley

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Penske Automotive Team (NYSE:PAGGet Ranking) had its price goal diminished by investigate analysts at Morgan Stanley from $95.00 to $93.00 in a research take note issued on Thursday, The Fly reviews. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s target cost details to a likely draw back of 11.85% from the company’s past shut.

PAG has been the topic of a quantity of other analysis reports. JPMorgan Chase & Co. diminished their goal price on shares of Penske Automotive Group from $120.00 to $105.00 and established a “neutral” rating on the stock in a report on Thursday, April 7th. StockNews.com lifted shares of Penske Automotive Group from a “buy” score to a “strong-buy” score in a report on Thursday, April 7th. Just one equities investigation analyst has rated the inventory with a promote ranking, one particular has assigned a maintain rating, three have assigned a obtain rating and a person has assigned a solid obtain rating to the company’s inventory. In accordance to MarketBeat.com, the stock presently has a consensus score of “Moderate Buy” and a consensus goal price tag of $116.40.

Penske Automotive Team Inventory Functionality

NYSE PAG opened at $105.50 on Thursday. The company’s 50 day relocating normal is $110.96 and its 200-day moving typical is $104.47. Penske Automotive Group has a 12-thirty day period minimal of $74.87 and a 12-thirty day period high of $123.60. The corporation has a quick ratio of .26, a present-day ratio of .97 and a financial debt-to-fairness ratio of .33. The business has a market cap of $8.01 billion, a P/E ratio of 6.10 and a beta of 1.24.

Penske Automotive Team (NYSE:PAGGet Ranking) past posted its quarterly earnings outcomes on Wednesday, April 27th. The organization described $4.76 earnings for each share (EPS) for the quarter, beating the consensus estimate of $3.94 by $.82. Penske Automotive Team had a net margin of 5.13% and a return on equity of 35.33%. The corporation had earnings of $6.98 billion for the quarter, as opposed to analyst estimates of $6.32 billion. In the course of the exact same quarter in the preceding 12 months, the agency posted $2.26 earnings for each share. The company’s quarterly earnings was up 20.8% as opposed to the same quarter very last calendar year. Promote-facet analysts predict that Penske Automotive Group will submit 17.38 earnings per share for the present yr.

Hedge Resources Weigh In On Penske Automotive Team

Hedge money and other institutional investors have lately purchased and marketed shares of the inventory. Atlas Money Advisors LLC bought a new stake in shares of Penske Automotive Group in the 1st quarter valued at $26,000. 1st Quadrant LLC CA ordered a new stake in shares of Penske Automotive Team in the 1st quarter valued at $33,000. Quadrant Capital Team LLC boosted its stake in shares of Penske Automotive Group by 32.8% in the 1st quarter. Quadrant Cash Group LLC now owns 413 shares of the company’s inventory valued at $39,000 just after buying an more 102 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of Penske Automotive Group in the 4th quarter valued at $43,000. Lastly, GHP Investment Advisors Inc. acquired a new stake in shares of Penske Automotive Team in the 1st quarter valued at $54,000. Hedge money and other institutional traders individual 50.13% of the company’s inventory.

About Penske Automotive Group

(Get Ranking)

Penske Automotive Team, Inc, a diversified transportation solutions business, operates automotive and commercial truck dealerships. The enterprise operates by way of 4 segments: Retail Automotive, Retail Industrial Truck, Other, and Non-Automotive Investments. It operates dealerships below franchise agreements with different automotive makers and distributors.

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