Zacks: GP Strategies Corp (GPX) Given $29.00 Average Target Price by Brokerages

Shares of GP Strategies Corp (NYSE:GPX) have been given a consensus broker rating score of 1.67 (Buy) from the three analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

Analysts have set a 12-month consensus price target of $29.00 for the company and are forecasting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned GP Strategies Corp an industry rank of 77 out of 265 based on the ratings given to related companies.

GPX has been the topic of several research analyst reports. B. Riley reiterated a “neutral” rating and set a $24.00 price objective on shares of GP Strategies Corp in a research report on Thursday, February 23rd. Zacks Investment Research cut shares of GP Strategies Corp from a “hold” rating to a “sell” rating in a research report on Thursday.

Institutional investors have recently bought and sold shares of the company. Thomson Horstmann & Bryant Inc. boosted its position in GP Strategies Corp by 14.5% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 391,572 shares of the company’s stock valued at $9,640,000 after buying an additional 49,520 shares during the last quarter. Mesirow Financial Investment Management Equity Management boosted its position in GP Strategies Corp by 21.8% in the third quarter. Mesirow Financial Investment Management Equity Management now owns 12,124 shares of the company’s stock valued at $299,000 after buying an additional 2,170 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in GP Strategies Corp during the third quarter valued at $208,000. Isthmus Partners LLC boosted its position in GP Strategies Corp by 3.4% in the third quarter. Isthmus Partners LLC now owns 23,154 shares of the company’s stock valued at $564,000 after buying an additional 769 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in GP Strategies Corp by 36.9% in the third quarter. Neuberger Berman Group LLC now owns 386,397 shares of the company’s stock valued at $9,513,000 after buying an additional 104,122 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.

Shares of GP Strategies Corp (NYSE:GPX) opened at 26.05 on Friday. The firm has a market cap of $436.39 million, a PE ratio of 21.53 and a beta of 1.13. The firm’s 50-day moving average price is $25.23 and its 200-day moving average price is $26.10. GP Strategies Corp has a one year low of $19.59 and a one year high of $30.00.

GP Strategies Corp (NYSE:GPX) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The company had revenue of $122.45 million for the quarter, compared to analysts’ expectations of $121.77 million. GP Strategies Corp had a return on equity of 12.55% and a net margin of 4.04%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. Equities research analysts expect that GP Strategies Corp will post $1.29 earnings per share for the current fiscal year.

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About GP Strategies Corp

GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.

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