Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Penske Automotive Group (NYSE:PAG) Share Price

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News articles about Penske Automotive Group (NYSE:PAG) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Penske Automotive Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.4816962387 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently issued reports on PAG shares. Zacks Investment Research raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, December 26th. Morgan Stanley increased their target price on shares of Penske Automotive Group from $50.00 to $54.00 and gave the company an “overweight” rating in a research note on Wednesday, March 14th. ValuEngine downgraded shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Bank of America increased their target price on shares of Penske Automotive Group from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Penske Automotive Group has a consensus rating of “Buy” and a consensus price target of $56.14.

Shares of NYSE PAG traded up $0.18 during mid-day trading on Thursday, reaching $44.17. The company had a trading volume of 707,974 shares, compared to its average volume of 531,203. The company has a current ratio of 1.01, a quick ratio of 0.22 and a debt-to-equity ratio of 0.86. The stock has a market cap of $3,722.30, a PE ratio of 10.25, a PEG ratio of 1.08 and a beta of 1.47. Penske Automotive Group has a 52 week low of $38.33 and a 52 week high of $54.83.

Penske Automotive Group (NYSE:PAG) last issued its earnings results on Thursday, February 8th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.00 by $0.01. Penske Automotive Group had a net margin of 2.87% and a return on equity of 17.67%. The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.27 billion. During the same period in the prior year, the business earned $0.91 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. sell-side analysts forecast that Penske Automotive Group will post 5.07 earnings per share for the current year.

In other Penske Automotive Group news, major shareholder & Co Ltd Mitsui sold 1,133,016 shares of the stock in a transaction dated Tuesday, March 27th. The shares were sold at an average price of $44.13, for a total transaction of $49,999,996.08. Following the transaction, the insider now directly owns 10,658,163 shares in the company, valued at approximately $470,344,733.19. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 40.70% of the stock is owned by corporate insiders.

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Penske Automotive Group Company Profile

Penske Automotive Group, Inc operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It 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 primarily in Australia and New Zealand.

Insider Buying and Selling by Quarter for Penske Automotive Group (NYSE:PAG)

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