Benchmark Co. analyst Michael Ward maintained a Buy rating on Penske Automotive Group (PAG – Research Report) today and set a price target of $196.00. The company’s shares closed last Friday at $153.00.
Ward covers the Industrials sector, focusing on stocks such as Group 1 Automotive, Lear, and Penske Automotive Group. According to TipRanks, Ward has an average return of 8.4% and a 58.14% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Penske Automotive Group with a $166.60 average price target.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $180.05 and a one-year low of $93.09. Currently, Penske Automotive Group has an average volume of 386.7K.
Based on the recent corporate insider activity of 27 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Penske Automotive Group (PAG) Company Description:
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.
Read More on PAG:
- COWZ, SYLD: Two Unique ETFs with Scorching Returns
- Penske Automotive reports hail damage in Round Rock, Texas, dealerships
- Pendragon confirms receipt of revised proposal from Penske, Hedin
- Penske says binding offer for Pendragon not certain
- Penske Automotive acquires BMW of Wilmington, Porsche Wilmington
