Penske Automotive Group Inc. (NYSE:PAG) shares traded up 2.2% during trading on Thursday . The company traded as high as $36.33 and last traded at $36.12, with a volume of 464,569 shares changing hands. The stock had previously closed at $35.34.

A number of research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Penske Automotive Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 18th. TheStreet raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Friday, May 27th. Sterne Agee CRT reaffirmed a “buy” rating on shares of Penske Automotive Group in a research report on Monday, May 16th. Finally, Buckingham Research reissued a “buy” rating on shares of Penske Automotive Group in a research report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.00.

The firm has a market cap of $3.06 billion and a P/E ratio of 9.71. The stock has a 50-day moving average of $34.65 and a 200 day moving average of $35.76.

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

Other hedge funds and institutional investors have recently bought and sold shares of the company. Atlantic Trust Group LLC boosted its position 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 during the last quarter. Rhumbline Advisers boosted its position in Penske Automotive Group by 0.6% in the fourth quarter. Rhumbline Advisers now owns 32,103 shares of the company’s stock worth $1,359,000 after buying an additional 195 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Penske Automotive Group by 2.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 38,705 shares of the company’s stock worth $1,639,000 after buying an additional 880 shares during the last quarter. Burney Co. boosted its position 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 during the last quarter. Finally, Trexquant Investment LP boosted its position 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 during 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.

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