The stock of Penske Automotive Group, Inc. (NYSE:PAG) hit a new 52-week high and has $54.31 target or 5.00% above today’s $51.72 share price. The 9 months bullish chart indicates low risk for the $4.47B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $54.31 price target is reached, the company will be worth $223.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.63% or $1.81 on December 1, hitting $51.72. About 516,249 shares traded hands. Penske Automotive Group, Inc. (NYSE:PAG) has risen 25.15% since April 28, 2016 and is uptrending. It has outperformed by 19.23% the S&P500.
Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on February, 9. They expect $0.87 EPS, up 7.41% or $0.06 from last year’s $0.81 per share. PAG’s profit will be $75.19 million for 14.86 P/E if the $0.87 EPS becomes a reality. After $1.03 actual EPS reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -15.53% negative EPS growth.
Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage
Out of 4 analysts covering Penske Automotive Group (NYSE:PAG), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Penske Automotive Group has been the topic of 5 analyst reports since October 14, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by KeyBanc Capital Markets on Tuesday, June 28. The firm has “Sell” rating given on Thursday, October 13 by Evercore. The stock has “Hold” rating given by Gabelli on Thursday, September 15. The rating was initiated by Seaport Global with “Neutral” on Tuesday, August 9.
According to Zacks Investment Research, “United Auto Group, Inc. is a leading acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. As an integral part of its dealership operations, they also sells used vehicles. All of the franchised dealerships include integrated service and parts operations, which are an important source of recurring revenues. In addition, these dealerships market a complete line of aftermarket automotive products and services through its wholly owned subsidiaries United Auto Care, Inc. and United Auto Care Products, Inc.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.19, from 1.15 in 2016Q1. The ratio is negative, as 26 funds sold all Penske Automotive Group, Inc. shares owned while 63 reduced positions. 34 funds bought stakes while 68 increased positions. They now own 33.69 million shares or 0.84% less from 33.98 million shares in 2016Q1.
Prudential, a New Jersey-based fund reported 59,891 shares. Sentry Invests owns 1.32 million shares or 0.39% of their US portfolio. Us Natl Bank De has 2,690 shares for 0% of their US portfolio. Babson Ltd has 0.02% invested in the company for 26,200 shares. Teachers Advisors reported 36,062 shares or 0% of all its holdings. Gsa Prtnrs Llp accumulated 11,469 shares or 0.02% of the stock. Winfield Associates Incorporated has 0% invested in the company for 15 shares. Ladenburg Thalmann Svcs Inc has 0% invested in the company for 3,488 shares. Geode Cap Management Ltd last reported 0% of its portfolio in the stock. Parallax Volatility Advisers Ltd Partnership accumulated 0% or 2,432 shares. Trexquant Inv Ltd Partnership reported 27,564 shares or 0.11% of all its holdings. Moreover, Crestpoint Mngmt Ltd Liability Corp has 0.29% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 17,500 shares. Bb&T Securities Limited Company holds 0.01% or 18,323 shares in its portfolio. Donaldson Capital Mgmt Ltd Liability Corporation holds 1.79% or 410,310 shares in its portfolio. Mercer Cap Advisers Incorporated accumulated 14,290 shares or 0.37% of the stock.
Insider Transactions: Since July 29, 2016, the stock had 18 insider buys, and 1 sale for $226.27 million net activity. $236,719 worth of Penske Automotive Group, Inc. (NYSE:PAG) was sold by Spradlin Shane M.. PENSKE CORP bought $8.49M worth of Penske Automotive Group, Inc. (NYSE:PAG) on Tuesday, August 30. PENSKE ROGER S had bought 225,000 shares worth $10.56 million.
More important recent Penske Automotive Group, Inc. (NYSE:PAG) news were published by: Prnewswire.com which released: “Penske Automotive Signs Agreement To Acquire CarSense” on December 01, 2016, also Fool.com published article titled: “Foreign Exchange Headwinds Blunt Growth at Penske Automotive Group, Inc.”, Forbes.com published: “Ex-Dividend Reminder: J.M. Smucker, Dana and Penske Automotive Group” on November 04, 2016. More interesting news about Penske Automotive Group, Inc. (NYSE:PAG) was released by: Prnewswire.com and their article: “Penske Automotive Group Announces Pricing Of $500.0 Million Senior …” with publication date: May 11, 2016.
PAG Company Profile
Penske Automotive Group, Inc., incorporated on December 6, 1990, is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include the Company’s retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.