Penske Automotive Group, Inc. (NYSE:PAG) Receives Consensus Recommendation of “Hold” from Brokerages

Penske Automotive Group, Inc. (NYSE:PAG) has earned an average rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $170.25.

Separately, Benchmark began coverage on shares of Penske Automotive Group in a report on Thursday, December 12th. They issued a “buy” rating on the stock.

Institutional Investors Weigh In On Penske Automotive Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Inceptionr LLC lifted its position in Penske Automotive Group by 92.1% during the fourth quarter. Inceptionr LLC now owns 9,281 shares of the company’s stock valued at $1,415,000 after buying an additional 4,449 shares during the period. Raymond James Financial Inc. purchased a new position in Penske Automotive Group during the 4th quarter valued at about $3,018,000. Proficio Capital Partners LLC bought a new stake in Penske Automotive Group during the fourth quarter worth about $3,765,000. Victory Capital Management Inc. grew its holdings in Penske Automotive Group by 174.9% in the fourth quarter. Victory Capital Management Inc. now owns 40,998 shares of the company’s stock worth $6,250,000 after purchasing an additional 26,085 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Penske Automotive Group by 13.0% during the fourth quarter. Bahl & Gaynor Inc. now owns 82,535 shares of the company’s stock valued at $12,582,000 after purchasing an additional 9,512 shares in the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

Penske Automotive Group Trading Down 1.3 %

NYSE PAG opened at $167.96 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91. Penske Automotive Group has a fifty-two week low of $142.32 and a fifty-two week high of $179.72. The stock has a market cap of $11.21 billion, a P/E ratio of 12.87 and a beta of 1.20. The stock has a 50 day simple moving average of $160.08 and a two-hundred day simple moving average of $159.94.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.