In a report released today, John Murphy from Bank of America Securities maintained a Buy rating on Group 1 Automotive (GPI – Research Report). The company’s shares opened today at $265.50.
According to TipRanks, Murphy is a 4-star analyst with an average return of 6.2% and a 51.90% success rate. Murphy covers the Consumer Cyclical sector, focusing on stocks such as Ferrari, Aptiv, and Ford Motor.
Group 1 Automotive has an analyst consensus of Strong Buy, with a price target consensus of $301.00, which is a 13.37% upside from current levels. In a report released on April 17, Guggenheim also upgraded the stock to a Buy with a $305.00 price target.
GPI market cap is currently $3.59B and has a P/E ratio of 6.21.
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Group 1 Automotive (GPI) Company Description:
Group 1 Automotive, Inc. engages in the automotive retailing industry. It operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks, arranges related vehicle financing, sells service contracts, provides automotive maintenance and repair services, and sells vehicle parts. The company was founded in 1995 and is headquartered in Houston, TX.
Read More on GPI:
- GPI Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Amazon, Apple initiated: Wall Street’s top analyst calls
- Guggenheim upgrades ‘best positioned dealer’ Group 1 Automotive to Buy
- Group 1 Automotive upgraded to Buy from Neutral at Guggenheim
- Group 1 Automotive price target lowered to $315 from $325 at JPMorgan
