Penske Automotive Group (PAG) Reaches New 1-Year Low at $38.49

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Penske Automotive Group, Inc. (NYSE:PAG) reached a new 52-week low during trading on Friday . The stock traded as low as $38.49 and last traded at $38.92, with a volume of 101373 shares changing hands. The stock had previously closed at $38.77.

Several equities research analysts have recently commented on the stock. ValuEngine lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Morgan Stanley boosted their price target on shares of Penske Automotive Group from $61.00 to $62.00 and gave the company a “buy” rating in a report on Wednesday, November 14th. Zacks Investment Research lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Monday, October 8th. Guggenheim lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Friday, September 21st. Finally, SunTrust Banks assumed coverage on shares of Penske Automotive Group in a report on Friday, August 24th. They issued a “buy” rating and a $60.00 price target for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $57.80.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.22 and a current ratio of 1.01. The firm has a market cap of $3.30 billion, a P/E ratio of 7.42, a PEG ratio of 1.07 and a beta of 1.44.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings results on Thursday, October 25th. The company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.36 by $0.04. Penske Automotive Group had a net margin of 3.09% and a return on equity of 17.76%. The business had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.86 billion. Equities analysts forecast that Penske Automotive Group, Inc. will post 5.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Stockholders of record on Monday, November 12th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.48 annualized dividend and a dividend yield of 3.81%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.36. Penske Automotive Group’s payout ratio is currently 34.34%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ffcm LLC bought a new position in shares of Penske Automotive Group during the 3rd quarter worth approximately $126,000. Tower Research Capital LLC TRC raised its stake in shares of Penske Automotive Group by 243.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,801 shares of the company’s stock worth $133,000 after acquiring an additional 1,986 shares in the last quarter. Trilogy Capital Inc. bought a new position in shares of Penske Automotive Group during the 3rd quarter worth approximately $198,000. Bridgewater Associates LP bought a new position in shares of Penske Automotive Group during the 2nd quarter worth approximately $205,000. Finally, Cadence Capital Management LLC bought a new position in shares of Penske Automotive Group during the 2nd quarter worth approximately $207,000. Hedge funds and other institutional investors own 43.05% of the company’s stock.

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Penske Automotive Group Company Profile (NYSE:PAG)

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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