Positive Press Coverage Somewhat Unlikely to Affect Penske Automotive Group (PAG) Share Price

News stories about Penske Automotive Group (NYSE:PAG) have been trending positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Penske Automotive Group earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0434575301726 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Penske Automotive Group (NYSE:PAG) opened at $53.31 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.04 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $4,480.00, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 1.68 and a beta of 1.46. Penske Automotive Group has a one year low of $38.33 and a one year high of $55.26.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Penske Automotive Group had a return on equity of 18.68% and a net margin of 1.75%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. equities research analysts anticipate that Penske Automotive Group will post 4.3 EPS for the current fiscal year.

Penske Automotive Group declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

PAG has been the topic of a number of recent research reports. Zacks Investment Research upgraded Penske Automotive Group from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Tuesday, December 26th. ValuEngine upgraded Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Gabelli raised their target price on Penske Automotive Group from $68.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Northcoast Research initiated coverage on Penske Automotive Group in a research note on Thursday, September 28th. They issued a “buy” rating and a $56.00 target price on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of Penske Automotive Group in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.14.

In other news, CFO John D. Jr. Carlson sold 7,000 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $46.20, for a total transaction of $323,400.00. Following the transaction, the chief financial officer now directly owns 24,844 shares of the company’s stock, valued at $1,147,792.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corp Penske purchased 1,103,996 shares of the stock in a transaction dated Friday, October 20th. The shares were acquired at an average cost of $45.29 per share, for a total transaction of $49,999,978.84. Following the completion of the acquisition, the insider now directly owns 11,564,576 shares of the company’s stock, valued at approximately $523,759,647.04. The disclosure for this purchase can be found here. 40.70% of the stock is currently owned by company insiders.

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Penske Automotive Group Company Profile

Penske Automotive Group, Inc is an international transportation services company. The Company 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.

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