Shares of Group 1 Automotive, Inc. (NYSE:GPI) have received an average recommendation of “Buy” from the nine ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $77.33.

A number of analysts have weighed in on GPI shares. Goldman Sachs Group raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and increased their target price for the company from $67.00 to $77.00 in a research report on Monday, March 4th. ValuEngine raised shares of Group 1 Automotive from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 20th. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $68.00 target price for the company in a research report on Tuesday, January 15th. TheStreet raised shares of Group 1 Automotive from a “c+” rating to a “b-” rating in a research report on Thursday, January 31st. Finally, Morgan Stanley set a $55.00 target price on shares of Group 1 Automotive and gave the company a “hold” rating in a research report on Thursday, February 14th.

Shares of Group 1 Automotive stock traded up $0.07 on Monday, hitting $72.16. The stock had a trading volume of 84,900 shares, compared to its average volume of 157,264. Group 1 Automotive has a twelve month low of $48.69 and a twelve month high of $81.16. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.01 and a quick ratio of 0.23. The company has a market capitalization of $1.33 billion, a P/E ratio of 8.10, a P/E/G ratio of 1.88 and a beta of 1.78.

Group 1 Automotive (NYSE:GPI) last released its quarterly earnings data on Tuesday, February 5th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.03. Group 1 Automotive had a return on equity of 15.31% and a net margin of 1.36%. The company had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.83 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. The firm’s revenue was down .7% compared to the same quarter last year. Equities analysts anticipate that Group 1 Automotive will post 9.13 EPS for the current year.

Group 1 Automotive declared that its board has initiated a share repurchase program on Thursday, February 21st that allows the company to buyback $75.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Several institutional investors have recently bought and sold shares of GPI. Denali Advisors LLC bought a new position in shares of Group 1 Automotive during the 1st quarter worth approximately $58,000. 6 Meridian bought a new position in shares of Group 1 Automotive during the 1st quarter worth approximately $224,000. AlphaCrest Capital Management LLC bought a new position in shares of Group 1 Automotive during the 4th quarter worth approximately $258,000. Metropolitan Life Insurance Co. NY boosted its holdings in shares of Group 1 Automotive by 362.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,204 shares of the company’s stock worth $327,000 after buying an additional 4,863 shares in the last quarter. Finally, Stone Ridge Asset Management LLC boosted its holdings in shares of Group 1 Automotive by 57.8% during the 4th quarter. Stone Ridge Asset Management LLC now owns 6,730 shares of the company’s stock worth $355,000 after buying an additional 2,465 shares in the last quarter. Hedge funds and other institutional investors own 99.93% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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