November 29, 2022

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Penske Automotive Group, Inc. (NYSE:PAG) Receives Average Rating of “Buy” from Brokerages

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Shares of Penske Automotive Team, Inc. (NYSE:PAGGet Rating) have been assigned an common score of “Buy” from the seven analysts that are at this time masking the company, MarketBeat experiences. One particular financial commitment analyst has rated the stock with a market recommendation, two have assigned a hold suggestion, 3 have issued a buy advice and one has issued a strong get advice on the organization. The common 1 yr concentrate on price among analysts that have up to date their coverage on the stock in the final 12 months is $114.83.

A number of equities analysis analysts have a short while ago weighed in on the firm. Morgan Stanley raised their price aim on Penske Automotive Team from $90.00 to $95.00 and gave the inventory an “underweight” ranking in a exploration notice on Tuesday, March 8th. StockNews.com lifted Penske Automotive Team from a “buy” rating to a “strong-buy” ranking in a analysis report on Thursday. Zacks Expense Investigate cut Penske Automotive Group from a “buy” score to a “hold” ranking and established a $105.00 target price for the firm. in a exploration report on Thursday, March 10th. Finally, JPMorgan Chase & Co. lessened their goal selling price on Penske Automotive Group from $120.00 to $105.00 and set a “neutral” ranking for the firm in a investigate report on Thursday.

A number of institutional traders and hedge resources have just lately additional to or decreased their stakes in PAG. BOKF NA elevated its holdings in Penske Automotive Group by 1.4% throughout the fourth quarter. BOKF NA now owns 9,399 shares of the company’s inventory valued at $1,008,000 just after acquiring an extra 130 shares in the previous quarter. Norges Bank bought a new placement in Penske Automotive Team for the duration of the fourth quarter valued at about $11,919,000. Walleye Cash LLC elevated its holdings in Penske Automotive Group by 1,223.4% through the fourth quarter. Walleye Money LLC now owns 64,462 shares of the company’s inventory valued at $6,912,000 following obtaining an added 59,591 shares in the previous quarter. Quent Money LLC bought a new posture in Penske Automotive Team during the fourth quarter valued at about $115,000. Lastly, Barclays PLC lifted its holdings in Penske Automotive Group by 32.8% through the fourth quarter. Barclays PLC now owns 49,781 shares of the company’s stock valued at $5,338,000 right after acquiring an more 12,305 shares in the final quarter. 50.18% of the stock is owned by hedge money and other institutional traders.

Shares of PAG traded up $1.79 through trading several hours on Friday, hitting $93.99. 339,642 shares of the company were being exchanged, when compared to its regular volume of 316,068. The company has a market place capitalization of $7.22 billion, a PE ratio of 6.30, a PEG ratio of 3.22 and a beta of 1.43. The company has a credit card debt-to-equity ratio of .34, a recent ratio of .95 and a swift ratio of .22. The company has a fifty day easy going common of $99.44 and a 200-day easy shifting average of $102.61. Penske Automotive Team has a one particular year lower of $72.35 and a a person 12 months superior of $114.34.

Penske Automotive Group (NYSE:PAGGet Rating) past launched its quarterly earnings facts on Wednesday, February 9th. The company reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.67 by $.43. The small business experienced income of $6.30 billion for the duration of the quarter, when compared to analyst estimates of $6.23 billion. Penske Automotive Group had a return on equity of 32.03% and a internet margin of 4.65%. Through the exact same interval very last year, the corporation posted $2.49 EPS. Sell-side analysts count on that Penske Automotive Team will post 15.06 EPS for the existing yr.

The company also recently disclosed a quarterly dividend, which was paid out on Tuesday, March 1st. Traders of history on Thursday, February 10th have been specified a dividend of $.47 per share. This is a improve from Penske Automotive Group’s prior quarterly dividend of $.46. The ex-dividend day of this dividend was Wednesday, February 9th. This represents a $1.88 dividend on an annualized basis and a generate of 2.00%. Penske Automotive Group’s dividend payout ratio (DPR) is presently 12.60%.

About Penske Automotive Team (Get Rating)

Penske Automotive Group, Inc operates as an worldwide transportation expert services enterprise. Which engages in the distribution of commercial autos, diesel engines, gasoline engines, electrical power systems and related elements & companies. It operates by the subsequent segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments, and Other.

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