2 weeks Ago By ABMN Staff
Penske Automotive Group, Inc. ( NYSE:PAG – Free Report ) – Equities research analysts at Seaport Res Ptn increased their FY2025 EPS estimates for shares of Penske Automotive Group in a report released on Sunday, April 20th. Seaport Res Ptn analyst G.
Chin now forecasts that the company will post earnings of $13.78 per share for the year, up from their previous estimate of $13.60.
The consensus estimate for Penske Automotive Group’s current full-year earnings is $13.86 per share. PAG has been the topic of a number of other reports.
StockNews.com raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Wednesday. Citigroup assumed coverage on Penske Automotive Group in a research note on Wednesday.
They set a “buy” rating and a $185.00 price target on the stock. Stephens reaffirmed an “equal weight” rating and issued a $165.
00 price objective on shares of Penske Automotive Group in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. cut their price objective on Penske Automotive Group from $165.
00 to $140.00 and set an “underweight” rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $170.00.
Penske Automotive Group Stock Up 2.0 % Shares of PAG opened at $158.12 on Wednesday.
The company’s 50-day moving average price is $155.05 and its 200 day moving average price is $158.04.
Penske Automotive Group has a 12-month low of $134.05 and a 12-month high of $180.12.
The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.
22. The firm has a market cap of $10.55 billion, a P/E ratio of 11.
50 and a beta of 1.03. Penske Automotive Group ( NYSE:PAG – Get Free Report ) last posted its earnings results on Thursday, February 13th.
The company reported $3.54 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.
17. The company had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.
56 billion. Penske Automotive Group had a return on equity of 18.05% and a net margin of 3.
02%. Penske Automotive Group Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were given a dividend of $1.
22 per share. The ex-dividend date was Monday, February 24th. This represents a $4.
88 dividend on an annualized basis and a dividend yield of 3.09%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $1.
19. Penske Automotive Group’s dividend payout ratio is currently 35.49%.
Insider Activity In related news, EVP Claude H. Denker III sold 8,746 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $173.
03, for a total value of $1,513,320.38. Following the transaction, the executive vice president now owns 28,917 shares of the company’s stock, valued at $5,003,508.
51. This represents a 23.22 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the SEC, which is available through this hyperlink . Also, Director John Barr sold 1,529 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $155.
45, for a total value of $237,683.05. The disclosure for this sale can be found here .
Insiders own 51.70% of the company’s stock. Institutional Inflows and Outflows Hedge funds have recently made changes to their positions in the business.
GAMMA Investing LLC boosted its holdings in Penske Automotive Group by 44.8% in the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after purchasing an additional 81 shares in the last quarter.
Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Penske Automotive Group in the 4th quarter valued at $40,000.
UMB Bank n.a. boosted its holdings in shares of Penske Automotive Group by 421.
5% in the 1st quarter. UMB Bank n.a.
now owns 339 shares of the company’s stock valued at $49,000 after buying an additional 274 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Penske Automotive Group in the 4th quarter valued at $76,000. Finally, Fifth Third Bancorp raised its stake in Penske Automotive Group by 31.
0% during the 1st quarter. Fifth Third Bancorp now owns 528 shares of the company’s stock worth $76,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 77.
08% of the company’s stock. Penske Automotive Group Company Profile ( Get Free Report ) 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. Featured Articles Receive News & Ratings for Penske Automotive Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Penske Automotive Group and related companies with MarketBeat.com's FREE daily email newsletter .
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