Group 1 Automotive (NYSE:GPI) PT Raised to $100.00 at Benchmark

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Group 1 Automotive (NYSE:GPI) had its price target increased by Benchmark from $79.00 to $100.00 in a report released on Friday, The Fly reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. Stephens dropped their target price on Group 1 Automotive from $115.00 to $82.00 and set an overweight rating on the stock in a research report on Thursday, March 26th. ValuEngine lowered Group 1 Automotive from a sell rating to a strong sell rating in a research report on Thursday, May 21st. Zacks Investment Research lifted their target price on Group 1 Automotive to $70.75 in a research report on Friday, May 8th. Morgan Stanley boosted their price objective on Group 1 Automotive from $65.00 to $84.00 and gave the company an overweight rating in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. boosted their price objective on Group 1 Automotive from $61.00 to $73.00 and gave the company an overweight rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $94.82.

Shares of GPI opened at $65.38 on Friday. The stock’s 50-day moving average is $62.83 and its two-hundred day moving average is $74.84. The stock has a market cap of $1.19 billion, a PE ratio of 7.38, a P/E/G ratio of 4.35 and a beta of 2.18. Group 1 Automotive has a 12 month low of $26.25 and a 12 month high of $110.11. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.91 and a quick ratio of 0.15.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Tuesday, May 5th. The company reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.34. Group 1 Automotive had a return on equity of 16.32% and a net margin of 1.38%. The business had revenue of $2.69 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same period in the previous year, the company earned $2.06 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, research analysts anticipate that Group 1 Automotive will post 6.8 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC boosted its stake in Group 1 Automotive by 165.3% in the first quarter. Nuveen Asset Management LLC now owns 189,743 shares of the company’s stock valued at $8,398,000 after acquiring an additional 118,222 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Group 1 Automotive by 41.0% in the first quarter. The Manufacturers Life Insurance Company now owns 645,947 shares of the company’s stock valued at $28,589,000 after acquiring an additional 187,710 shares during the period. Tudor Investment Corp Et Al boosted its stake in Group 1 Automotive by 3.9% in the first quarter. Tudor Investment Corp Et Al now owns 13,350 shares of the company’s stock valued at $591,000 after acquiring an additional 502 shares during the period. Virginia Retirement Systems ET AL boosted its stake in Group 1 Automotive by 47.7% in the first quarter. Virginia Retirement Systems ET AL now owns 6,500 shares of the company’s stock valued at $288,000 after acquiring an additional 2,100 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Group 1 Automotive by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 8,806 shares of the company’s stock valued at $390,000 after acquiring an additional 2,873 shares during the period.

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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