Penske Automotive Group (PAG) Reaches New 12-Month Low at $41.52

Penske Automotive Group, Inc. (NYSE:PAG) hit a new 52-week low on Tuesday . The stock traded as low as $41.52 and last traded at $42.33, with a volume of 248356 shares traded. The stock had previously closed at $43.80.

Several equities research analysts recently weighed in on the stock. ValuEngine cut shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Morgan Stanley boosted their price target on shares of Penske Automotive Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Wednesday, August 15th. SunTrust Banks assumed coverage on shares of Penske Automotive Group in a research note on Friday, August 24th. They set a “buy” rating and a $60.00 price objective for the company. Guggenheim lowered shares of Penske Automotive Group from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a research note on Friday, September 21st. Finally, Zacks Investment Research lowered shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $57.80.

The company has a current ratio of 1.01, a quick ratio of 0.22 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.70 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.20 and a beta of 1.44.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.52%. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Thursday, November 8th. Penske Automotive Group’s payout ratio is presently 34.34%.

A number of hedge funds and other institutional investors have recently bought and sold shares of PAG. Ffcm LLC purchased a new stake in shares of Penske Automotive Group during the third quarter valued at $126,000. Tower Research Capital LLC TRC boosted its stake in shares of Penske Automotive Group by 243.7% during the third quarter. Tower Research Capital LLC TRC now owns 2,801 shares of the company’s stock valued at $133,000 after purchasing an additional 1,986 shares during the period. Trilogy Capital Inc. purchased a new stake in shares of Penske Automotive Group during the third quarter valued at $198,000. Bridgewater Associates LP purchased a new stake in shares of Penske Automotive Group during the second quarter valued at $205,000. Finally, Cadence Capital Management LLC purchased a new stake in shares of Penske Automotive Group during the second quarter valued at $207,000. 43.05% of the stock is owned by institutional investors.

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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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