Penske Automotive Group, Inc. (NYSE:PAG) Given Average Recommendation of “Hold” by Analysts

Penske Automotive Group, Inc. (NYSE:PAG) has received a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $170.25.

Separately, Benchmark began coverage on Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating for the company.

Hedge Funds Weigh In On Penske Automotive Group

Institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its holdings in Penske Automotive Group by 44.8% in the 4th quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock worth $40,000 after acquiring an additional 81 shares during the last quarter. True Wealth Design LLC raised its stake in shares of Penske Automotive Group by 14,833.3% in the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after purchasing an additional 445 shares during the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in shares of Penske Automotive Group by 45,300.0% during the third quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $74,000 after purchasing an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Penske Automotive Group during the third quarter valued at $94,000. Finally, Capital Performance Advisors LLP bought a new stake in Penske Automotive Group in the 3rd quarter worth about $112,000. 77.08% of the stock is currently owned by institutional investors.

Penske Automotive Group Stock Up 3.0 %

PAG stock opened at $168.75 on Friday. Penske Automotive Group has a fifty-two week low of $142.32 and a fifty-two week high of $179.72. The company has a market capitalization of $11.27 billion, a price-to-earnings ratio of 12.93 and a beta of 1.20. The business’s 50 day moving average price is $160.01 and its two-hundred day moving average price is $159.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.20 and a current ratio of 0.91.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.