Penske Automotive Group Inc. (NYSE: PAG) is 6.78% higher on its value in year-to-date trading and has touched a low of $82.40 and a high of $123.60 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PAG stock was last observed hovering at around $113.15 in the last trading session, with the day’s gains setting it 1.34% off its average median price target of $134.50 for the next 12 months. It is also 35.68% off the consensus price target high of $178.00 offered by 10 analysts, but current levels are -23.11% lower than the price target low of $93.00 for the same period.
Currently trading at $114.49, the stock is 5.76% and 3.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.37 million and changing 1.18% at the moment leaves the stock 9.25% off its SMA200. PAG registered 31.46% gain for a year compared to 6-month gain of 15.25%. The firm has a 50-day simple moving average (SMA 50) of $0.55 and a 200-day simple moving average (SMA200) of $6.93.
The stock witnessed a 4.03% loss in the last 1 month and extending the period to 3 months gives it a 7.08%, and is 4.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.91% over the week and 3.82% over the month.
Penske Automotive Group Inc. (PAG) has around 25000 employees, a market worth around $8.35B and $26.68B in sales. Current P/E ratio is 6.31 and Fwd P/E is 7.41. Profit margin for the company is 5.30%. Distance from 52-week low is 38.94% and -7.37% from its 52-week high. The company has generated returns on investments over the last 12 months (11.40%).
Penske Automotive Group Inc. (PAG) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Penske Automotive Group Inc. (PAG) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.40, where 5 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Penske Automotive Group Inc. is expected to release its quarterly report on 10/26/2022.The EPS is expected to grow by 120.80% this year.
Penske Automotive Group Inc. (PAG) Top Institutional Holders
The shares outstanding are 75.80M, and float is at 61.03M with Short Float at 5.51%.
Penske Automotive Group Inc. (PAG) Insider Activity
A total of 18 insider transactions have happened at Penske Automotive Group Inc. (PAG) in the last six months, with sales accounting for 13 and purchases happening 5 times. The most recent transaction is an insider sale by Denker Claude H III,the company’sEVP – Human Resources. SEC filings show that Denker Claude H III sold 4,708 shares of the company’s common stock on Jun 02 at a price of $115.12 per share for a total of $0.54 million. Following the sale, the insider now owns 35545.0 shares.
Penske Automotive Group Inc. disclosed in a document filed with the SEC on Jun 02 that Pierce Sandra E. (Director) sold a total of 3,817 shares of the company’s common stock. The trade occurred on Jun 02 and was made at $116.05 per share for $0.44 million. Following the transaction, the insider now directly holds 0.0 shares of the PAG stock.
Still, SEC filings show that on Jun 01, PENSKE ROGER S (Chair & CEO) disposed off 49,009 shares at an average price of $115.37 for $5.65 million. The insider now directly holds 622,721 shares of Penske Automotive Group Inc. (PAG).
Penske Automotive Group Inc. (PAG): Who are the competitors?
The company’s main competitors (and peers) include Copart Inc. (CPRT) that is trading -12.68% down over the past 12 months and Rush Enterprises Inc. (RUSHA) that is 2.53% higher over the same period. Group 1 Automotive Inc. (GPI) is 4.54% up on the 1-year trading charts.