Media coverage about Penske Automotive Group (NYSE:PAG) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Penske Automotive Group earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 44.4816962387 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Comparing Penske Automotive Group (PAG) and Bed Bath & Beyond (BBBY) (americanbankingnews.com)
- Penske Automotive Group, Inc. (PAG) Given Average Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Free Research Report as Penske Automotive Group’s Quarterly Earnings Advanced 10.99% (finance.yahoo.com)
- Morgan Stanley Boosts Penske Automotive Group (PAG) Price Target to $54.00 (americanbankingnews.com)
- $5.28 Billion in Sales Expected for Penske Automotive Group, Inc. (PAG) This Quarter (americanbankingnews.com)
PAG stock opened at $44.27 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.22 and a current ratio of 1.01. The firm has a market capitalization of $3,903.31, a price-to-earnings ratio of 6.20, a PEG ratio of 1.13 and a beta of 1.52. Penske Automotive Group has a twelve month low of $38.33 and a twelve month high of $54.83.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 1st. Stockholders of record on Monday, February 12th were given a dividend of $0.34 per share. This is a positive change from Penske Automotive Group’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.07%. Penske Automotive Group’s dividend payout ratio (DPR) is presently 19.05%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research raised Penske Automotive Group from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a research note on Tuesday, January 9th. ValuEngine raised Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Bank of America boosted their price target on Penske Automotive Group from $58.00 to $60.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Morgan Stanley boosted their price target on Penske Automotive Group from $50.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, March 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $56.14.
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About Penske Automotive Group
Penske Automotive Group, Inc is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.
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