Shares of Penske Automotive Group Inc. (NYSE:PAG) reached a new 52-week low on Tuesday . The company traded as low as $29.29 and last traded at $29.99, with a volume of 640,599 shares changing hands. The stock had previously closed at $31.78.

A number of analysts have recently weighed in on the company. TheStreet upgraded Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Buckingham Research restated a “buy” rating on shares of Penske Automotive Group in a research report on Thursday, May 5th. Zacks Investment Research upgraded Penske Automotive Group from a “sell” rating to a “hold” rating in a research report on Monday, April 18th. Finally, Sterne Agee CRT restated a “buy” rating on shares of Penske Automotive Group in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $55.33.

The firm has a market capitalization of $2.61 billion and a price-to-earnings ratio of 8.28. The firm has a 50 day moving average of $35.96 and a 200 day moving average of $36.33.

Penske Automotive Group (NYSE:PAG) last released its earnings results on Tuesday, April 26th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.02. The firm earned $4.80 billion during the quarter, compared to analysts’ expectations of $4.79 billion. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 earnings per share. Analysts predict that Penske Automotive Group Inc. will post $3.84 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the company. Trexquant Investment LP increased its stake in Penske Automotive Group by 200.5% in the fourth quarter. Trexquant Investment LP now owns 66,700 shares of the company’s stock worth $2,824,000 after buying an additional 44,500 shares in the last quarter. Marshall Wace LLP purchased a new stake in Penske Automotive Group during the fourth quarter worth about $2,976,000. Atlantic Trust Group LLC increased its stake in Penske Automotive Group by 100.0% in the fourth quarter. Atlantic Trust Group LLC now owns 32,000 shares of the company’s stock worth $1,355,000 after buying an additional 16,000 shares in the last quarter. Burney Co. increased its stake in Penske Automotive Group by 22.9% in the fourth quarter. Burney Co. now owns 43,263 shares of the company’s stock worth $1,821,000 after buying an additional 8,064 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Penske Automotive Group by 2.8% in the fourth quarter. Principal Financial Group Inc. now owns 355,376 shares of the company’s stock worth $15,047,000 after buying an additional 9,725 shares in the last quarter.

Penske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.