Barclays Has Lowered Expectations for Group 1 Automotive (NYSE:GPI) Stock Price

Group 1 Automotive (NYSE:GPI) had its price objective decreased by analysts at Barclays from $470.00 to $435.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 45.42% from the company’s previous close.

GPI has been the topic of several other reports. Weiss Ratings restated a “hold (c)” rating on shares of Group 1 Automotive in a research note on Friday, June 12th. DA Davidson set a $425.00 price target on Group 1 Automotive in a research note on Friday. Benchmark reissued a “buy” rating on shares of Group 1 Automotive in a report on Friday. JPMorgan Chase & Co. lowered their price objective on Group 1 Automotive from $390.00 to $380.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, UBS Group dropped their price objective on shares of Group 1 Automotive from $338.00 to $330.00 and set a “neutral” rating on the stock in a report on Friday. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $426.89.

Group 1 Automotive Trading Up 1.2%

Shares of GPI stock opened at $299.12 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.95 and a debt-to-equity ratio of 1.00. The firm has a market cap of $3.56 billion, a P/E ratio of 11.42, a PEG ratio of 0.78 and a beta of 0.83. The company has a 50 day moving average of $315.35 and a 200-day moving average of $337.79. Group 1 Automotive has a 12-month low of $279.10 and a 12-month high of $488.39.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $8.66 EPS for the quarter, missing the consensus estimate of $8.82 by ($0.16). Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The firm had revenue of $5.41 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the previous year, the company posted $10.17 EPS. Group 1 Automotive’s revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that Group 1 Automotive will post 41.93 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC boosted its position in shares of Group 1 Automotive by 54.9% in the fourth quarter. Signaturefd LLC now owns 79 shares of the company’s stock valued at $31,000 after acquiring an additional 28 shares during the period. First Horizon Corp increased its holdings in Group 1 Automotive by 881.8% during the 4th quarter. First Horizon Corp now owns 108 shares of the company’s stock worth $42,000 after acquiring an additional 97 shares during the period. Torren Management LLC bought a new stake in Group 1 Automotive during the 4th quarter worth approximately $43,000. Assetmark Inc. lifted its stake in Group 1 Automotive by 40.5% in the 4th quarter. Assetmark Inc. now owns 118 shares of the company’s stock worth $46,000 after purchasing an additional 34 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new position in Group 1 Automotive in the 3rd quarter valued at $55,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.