News headlines about Penske Automotive Group (NYSE:PAG) have been trending positive on Monday, Accern Sentiment reports. The research group rates the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penske Automotive Group earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.8220795061093 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s analysis:
- Penske Automotive Named One Of FORTUNE Magazine’s “World’s Most Admired Companies” (prnewswire.com)
- What’s Happening With These Auto Dealerships Stocks? — Cars.com, Carvana, CarMax, and Penske Automotive (forimmediaterelease.net)
- Penske Automotive Group sells three Palm Beach dealerships for $45M (bizjournals.com)
- Stocks Showing Improved Relative Strength: Penske Automotive Group (finance.yahoo.com)
PAG has been the subject of a number of analyst reports. KeyCorp restated a “hold” rating on shares of Penske Automotive Group in a research note on Wednesday, October 4th. Zacks Investment Research upgraded shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a research note on Friday, October 20th. Northcoast Research initiated coverage on shares of Penske Automotive Group in a research note on Thursday, September 28th. They set a “buy” rating and a $56.00 price target for the company. Berenberg Bank initiated coverage on shares of Penske Automotive Group in a research note on Wednesday, October 4th. They set a “hold” rating and a $52.00 price target for the company. Finally, ValuEngine upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $56.14.
Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.02. The firm had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.33 billion. Penske Automotive Group had a net margin of 1.75% and a return on equity of 18.68%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 earnings per share. equities analysts expect that Penske Automotive Group will post 4.31 EPS for the current year.
Penske Automotive Group declared that its board has initiated a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
In other news, CFO John D. Jr. Carlson sold 7,000 shares of Penske Automotive Group stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $46.20, for a total value of $323,400.00. Following the completion of the transaction, the chief financial officer now owns 24,844 shares in the company, valued at $1,147,792.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shane M. Spradlin sold 3,188 shares of Penske Automotive Group stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $47.41, for a total transaction of $151,143.08. The disclosure for this sale can be found here. Insiders own 40.70% of the company’s stock.
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Penske Automotive Group Company Profile
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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