GP Strategies Corporation (GPX) Given a $27.00 Price Target by B. Riley Analysts
“We remain comfortable with our estimates for revenues, adjusted EBITDA and EPS, all of which are approximately in line with Street expectations. Our projections assume Y/Y growth across all segments save for Sandy, which faces a difficult compare for both training and publication revenues. In Learning Solutions (LS), we model mid-single digit Y/Y growth driven by the initial ramp of key wins in Europe with a large pharmaceutical customer and more recently, ABB. We anticipate a return to positive growth in Professional & Technical Services (PTS) on increasing contribution from oil and gas customers.”,” B. Riley’s analyst commented.
A number of other equities research analysts have also commented on GPX. BidaskClub lowered shares of GP Strategies Corporation from a buy rating to a hold rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of GP Strategies Corporation from a hold rating to a buy rating and set a $31.00 price target on the stock in a research note on Monday, July 31st. TheStreet upgraded shares of GP Strategies Corporation from a c+ rating to a b- rating in a research note on Monday, July 31st. Barrington Research lifted their price target on shares of GP Strategies Corporation from $30.00 to $32.00 and gave the company an outperform rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded shares of GP Strategies Corporation from a hold rating to a buy rating in a research note on Friday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $30.00.
GP Strategies Corporation (GPX) opened at $27.25 on Tuesday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $474.98 million, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 1.48 and a beta of 0.92.
GP Strategies Corporation (NYSE:GPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03. GP Strategies Corporation had a net margin of 3.95% and a return on equity of 12.44%. The business had revenue of $124.10 million for the quarter, compared to analyst estimates of $125.01 million. During the same period last year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. equities analysts anticipate that GP Strategies Corporation will post 1.27 EPS for the current fiscal year.
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In other news, Director Marshall S. Geller sold 7,691 shares of GP Strategies Corporation stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $28.59, for a total value of $219,885.69. Following the completion of the transaction, the director now owns 141,051 shares of the company’s stock, valued at approximately $4,032,648.09. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marshall S. Geller sold 3,894 shares of GP Strategies Corporation stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $28.64, for a total transaction of $111,524.16. Following the completion of the transaction, the director now directly owns 141,051 shares of the company’s stock, valued at approximately $4,039,700.64. The disclosure for this sale can be found here. In the last three months, insiders sold 18,317 shares of company stock valued at $521,791. Insiders own 25.70% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Falcon Point Capital LLC boosted its holdings in shares of GP Strategies Corporation by 0.5% during the 2nd quarter. Falcon Point Capital LLC now owns 40,817 shares of the company’s stock worth $1,078,000 after buying an additional 204 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in GP Strategies Corporation by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after purchasing an additional 225 shares during the period. Rhumbline Advisers boosted its holdings in GP Strategies Corporation by 1.7% in the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock valued at $401,000 after purchasing an additional 255 shares during the period. American International Group Inc. boosted its holdings in GP Strategies Corporation by 7.0% in the 1st quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after purchasing an additional 516 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in GP Strategies Corporation by 1.5% in the 1st quarter. Bank of New York Mellon Corp now owns 59,438 shares of the company’s stock valued at $1,503,000 after purchasing an additional 871 shares during the period. 89.29% of the stock is owned by institutional investors and hedge funds.
GP Strategies Corporation Company Profile
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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