Penske Automotive Group, Inc. (PAG) Scheduled to Post Quarterly Earnings on Tuesday

Penske Automotive Group, Inc. (NYSE:PAG) will issue its Q416 quarterly earnings data on Tuesday, February 7th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $5.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Penske Automotive Group, Inc. (NYSE:PAG) opened at 54.51 on Monday. The stock has a 50 day moving average price of $52.97 and a 200-day moving average price of $47.46. Penske Automotive Group, Inc. has a 52 week low of $29.29 and a 52 week high of $56.05. The stock has a market cap of $4.64 billion, a P/E ratio of 14.33 and a beta of 1.38.

PAG has been the subject of several recent analyst reports. Evercore ISI downgraded shares of Penske Automotive Group from a “hold” rating to a “sell” rating and set a $39.00 price objective for the company. in a research note on Thursday, October 13th. Gabelli raised shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 29th. Finally, Susquehanna Bancshares Inc assumed coverage on shares of Penske Automotive Group in a research note on Wednesday, February 1st. They issued a “positive” rating and a $63.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Penske Automotive Group currently has a consensus rating of “Hold” and a consensus price target of $51.00.

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Several institutional investors have recently made changes to their positions in PAG. Lord Abbett CO. LLC increased its position in shares of Penske Automotive Group by 4.6% in the second quarter. Lord Abbett CO. LLC now owns 68,600 shares of the company’s stock worth $2,158,000 after buying an additional 3,000 shares in the last quarter. Algert Global LLC acquired a new position in shares of Penske Automotive Group during the second quarter worth $260,000. Raymond James Associates increased its position in shares of Penske Automotive Group by 17.0% in the second quarter. Raymond James Associates now owns 38,074 shares of the company’s stock worth $1,198,000 after buying an additional 5,536 shares in the last quarter. United Services Automobile Association increased its position in shares of Penske Automotive Group by 4.3% in the second quarter. United Services Automobile Association now owns 265,000 shares of the company’s stock worth $8,337,000 after buying an additional 11,000 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new position in shares of Penske Automotive Group during the second quarter worth $252,000. 43.95% of the stock is owned by institutional investors and hedge funds.

Penske Automotive Group Company Profile

Penske Automotive Group, Inc is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand.

5 Day Chart for NYSE:PAG

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