Bank of America Securities analyst John Murphy maintained a Buy rating on Penske Automotive Group (PAG – Research Report) today and set a price target of $205.00. The company’s shares closed yesterday at $165.05.
According to TipRanks, Murphy is a 5-star analyst with an average return of 9.7% and a 58.15% success rate. Murphy covers the Industrials sector, focusing on stocks such as Kar Auction Services, BorgWarner, and General Motors.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Penske Automotive Group with a $180.00 average price target.
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Based on Penske Automotive Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.34 billion and a net profit of $299.6 million. In comparison, last year the company earned a revenue of $6.98 billion and had a net profit of $369.5 million
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PAG in relation to earlier this year.
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Penske Automotive Group, Inc. operates as an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments and Other. The Retail Automotive segment consists of retail automotive dealership operations. The Retail Commercial Truck segment is the dealership operations of commercial trucks in the U.S. and Canada. The Other segment is comprised of commercial vehicle and power systems distribution operation and other non-automotive consolidated operations. The Non-Automotive Investments segment is the equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.
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