Penske Automotive Group (PAG) Receiving Somewhat Positive News Coverage, Report Shows
Media stories about Penske Automotive Group (NYSE:PAG) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Penske Automotive Group earned a news impact score of 0.18 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.9638808038986 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
PAG stock opened at $52.33 on Friday. Penske Automotive Group has a 1-year low of $39.54 and a 1-year high of $54.83. The company has a market capitalization of $4.46 billion, a PE ratio of 12.14, a P/E/G ratio of 1.45 and a beta of 1.40. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.22 and a current ratio of 1.01.
Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Thursday, July 26th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.14. Penske Automotive Group had a return on equity of 17.68% and a net margin of 2.95%. The company had revenue of $5.94 billion for the quarter, compared to analyst estimates of $5.82 billion. During the same period in the prior year, the company posted $1.27 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. analysts forecast that Penske Automotive Group will post 5.34 earnings per share for the current year.
PAG has been the topic of several research reports. Zacks Investment Research upgraded Penske Automotive Group from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Tuesday, June 19th. Morgan Stanley upgraded Penske Automotive Group to a “buy” rating in a research note on Tuesday, July 10th. Guggenheim set a $53.00 price objective on Penske Automotive Group and gave the company a “buy” rating in a research note on Friday, July 13th. Finally, SunTrust Banks initiated coverage on Penske Automotive Group in a research note on Friday. They issued a “buy” rating and a $60.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Penske Automotive Group currently has an average rating of “Buy” and an average price target of $59.13.
In other news, Director Kimberly J. Mcwaters sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The stock was sold at an average price of $48.58, for a total value of $242,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Shane M. Spradlin sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $48.35, for a total value of $103,952.50. The disclosure for this sale can be found here. Corporate insiders own 40.70% of the company’s stock.
Penske Automotive Group Company Profile
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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