Sentiment Report: Penske Automotive Group Inc (NYSE:PAG)

July 17, 2017 - By Dolores Ford

 Sentiment Report: Penske Automotive Group Inc (NYSE:PAG)

Sentiment for Penske Automotive Group Inc (NYSE:PAG)

Penske Automotive Group Inc (NYSE:PAG) institutional sentiment decreased to 0.89 in Q4 2016. Its down -0.07, from 0.96 in 2016Q3. The ratio fall, as 94 investment professionals opened new and increased stock positions, while 106 trimmed and sold equity positions in Penske Automotive Group Inc. The investment professionals in our partner’s database now possess: 34.19 million shares, down from 37.51 million shares in 2016Q3. Also, the number of investment professionals holding Penske Automotive Group Inc in their top 10 stock positions was flat from 1 to 1 for the same number . Sold All: 25 Reduced: 81 Increased: 55 New Position: 39.

Penske Automotive Group, Inc. is an international transportation services company. The company has market cap of $3.74 billion. The Firm 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 principally in Australia and New Zealand. It has a 10.89 P/E ratio. The Company’s divisions include Retail Automotive, consisting of its retail automotive dealership operations; Retail Commercial Truck, consisting of its retail commercial truck dealership activities in the United States and Canada; Other, consisting of its commercial vehicle and power systems distribution activities and other non-automotive consolidated operations, and Non-Automotive Investments, consisting of its equity method investments in non-automotive operations.

About 205,717 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 20.45% since July 17, 2016 and is uptrending. It has outperformed by 3.75% the S&P500.

Analysts expect Penske Automotive Group, Inc. (NYSE:PAG) to report $1.20 EPS on July, 27.They anticipate $0.09 EPS change or 8.11 % from last quarter’s $1.11 EPS. PAG’s profit would be $101.13 million giving it 9.25 P/E if the $1.20 EPS is correct. After having $0.97 EPS previously, Penske Automotive Group, Inc.’s analysts see 23.71 % EPS growth.

Connors Investor Services Inc holds 1.53% of its portfolio in Penske Automotive Group, Inc. for 172,614 shares. Private Management Group Inc owns 523,277 shares or 1.53% of their US portfolio. Moreover, Bruni J V & Co Co has 1.5% invested in the company for 158,788 shares. The Illinois-based Keeley Asset Management Corp has invested 1.49% in the stock. Burgundy Asset Management Ltd., a Ontario – Canada-based fund reported 2.82 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 2 sales for $557,485 activity.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Ratings analysis reveals 40% of Penske Automotive Group’s analysts are positive. Out of 5 Wall Street analysts rating Penske Automotive Group, 2 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $48 while the high is $68. The stock’s average target of $58 is 30.63% above today’s ($44.4) share price. PAG was included in 7 notes of analysts from October 14, 2015. The firm has “Buy” rating given on Friday, April 28 by Gabelli. The firm has “Positive” rating by Susquehanna given on Thursday, February 2. The firm earned “Sell” rating on Thursday, October 13 by Evercore. Gabelli downgraded the shares of PAG in report on Thursday, September 15 to “Hold” rating. The firm has “Neutral” rating by Seaport Global given on Tuesday, August 9. The firm earned “Sector Perform” rating on Tuesday, June 28 by KeyBanc Capital Markets.

More notable recent Penske Automotive Group, Inc. (NYSE:PAG) news were published by: Seekingalpha.com which released: “Penske Automotive Group: Growth, Value And Dividend Growth Hiding In Plain Sight” on April 19, 2017, also Prnewswire.com with their article: “Penske Automotive Completes Acquisition Of CarSense” published on January 11, 2017, Prnewswire.com published: “Penske Automotive Acquires Mercedes-Benz Dealership In Phoenix, Arizona” on April 10, 2017. More interesting news about Penske Automotive Group, Inc. (NYSE:PAG) were released by: Gurufocus.com and their article: “Edmp, Inc. Buys Penske Automotive Group Inc, Ventas Inc, STORE Capital Corp …” published on July 13, 2017 as well as Prnewswire.com‘s news article titled: “Penske Automotive Completes Acquisition of UK-Based CarShop” with publication date: February 16, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.