Brokerages Set Group 1 Automotive, Inc. (GPI) PT at $82.75

Group 1 Automotive, Inc. (NYSE:GPI) has received a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $82.75.

Several brokerages recently weighed in on GPI. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Thursday. ValuEngine downgraded shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Morgan Stanley raised shares of Group 1 Automotive from an “underweight” rating to an “equal weight” rating and set a $61.00 target price on the stock in a research note on Wednesday, November 14th. Finally, TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, October 18th.

Several large investors have recently made changes to their positions in GPI. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Group 1 Automotive in the 3rd quarter valued at approximately $109,000. BlueMountain Capital Management LLC purchased a new stake in shares of Group 1 Automotive in the 2nd quarter valued at approximately $119,000. Tower Research Capital LLC TRC purchased a new stake in shares of Group 1 Automotive in the 2nd quarter valued at approximately $135,000. Balter Liquid Alternatives LLC purchased a new stake in shares of Group 1 Automotive in the 2nd quarter valued at approximately $145,000. Finally, Flinton Capital Management LLC increased its position in shares of Group 1 Automotive by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock valued at $151,000 after purchasing an additional 1,024 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

Shares of GPI opened at $50.63 on Tuesday. Group 1 Automotive has a fifty-two week low of $49.74 and a fifty-two week high of $83.97. The company has a market cap of $970.78 million, a P/E ratio of 5.80, a price-to-earnings-growth ratio of 3.48 and a beta of 2.05. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 1.14.

Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, October 25th. The company reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.08. Group 1 Automotive had a net margin of 2.05% and a return on equity of 15.48%. The firm had revenue of $2.89 billion for the quarter. On average, research analysts forecast that Group 1 Automotive will post 8.88 earnings per share for the current fiscal year.

Group 1 Automotive announced that its Board of Directors has approved a share buyback plan on Thursday, October 25th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 9.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, November 30th. Group 1 Automotive’s dividend payout ratio is presently 13.45%.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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