Penske Automotive Group (PAG) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of Penske Automotive Group (NYSE:PAG) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Morgan Stanley raised their target price on Penske Automotive Group from $61.00 to $62.00 and gave the company a buy rating in a research note on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Penske Automotive Group currently has an average rating of Hold and a consensus price target of $57.25.

Shares of PAG opened at $41.97 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.01 and a quick ratio of 0.21. The stock has a market capitalization of $3.57 billion, a PE ratio of 7.86, a PEG ratio of 1.67 and a beta of 1.37. Penske Automotive Group has a one year low of $38.49 and a one year high of $53.84.



Penske Automotive Group (NYSE:PAG) last issued its earnings results on Thursday, February 7th. The company reported $1.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.05). The firm had revenue of $5.44 billion during the quarter, compared to analyst estimates of $5.57 billion. Penske Automotive Group had a net margin of 2.07% and a return on equity of 17.73%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.01 earnings per share. On average, sell-side analysts forecast that Penske Automotive Group will post 5.7 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 11th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, February 8th. This represents a $1.52 dividend on an annualized basis and a yield of 3.62%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.37. Penske Automotive Group’s payout ratio is 27.72%.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Penske Automotive Group by 18.3% during the 3rd quarter. BlackRock Inc. now owns 3,636,120 shares of the company’s stock valued at $172,316,000 after purchasing an additional 562,334 shares during the last quarter. Vanguard Group Inc. boosted its stake in Penske Automotive Group by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 3,061,177 shares of the company’s stock valued at $145,069,000 after purchasing an additional 53,146 shares during the last quarter. Vanguard Group Inc boosted its stake in Penske Automotive Group by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 3,061,177 shares of the company’s stock valued at $145,069,000 after purchasing an additional 53,146 shares during the last quarter. LSV Asset Management boosted its stake in Penske Automotive Group by 0.8% during the 4th quarter. LSV Asset Management now owns 2,746,859 shares of the company’s stock valued at $110,753,000 after purchasing an additional 21,725 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Penske Automotive Group by 4.9% during the 4th quarter. Victory Capital Management Inc. now owns 2,733,103 shares of the company’s stock valued at $110,199,000 after purchasing an additional 127,391 shares during the last quarter. Institutional investors and hedge funds own 43.32% of the company’s stock.

About Penske Automotive Group

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

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