Penske Automotive Group (PAG) : Traders are bullish on Penske Automotive Group (PAG) as it has outperformed the S&P 500 by a wide margin of 17.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.74%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 4.29% in the last 1 week, and is up 15.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.97% and the 50-Day Moving Average is 20.8%.The 200 Day SMA reached 30.7% Penske Automotive Group, Inc. is up 37.42% in the last 3-month period. Year-to-Date the stock performance stands at 18.69%.
Penske Automotive Group (PAG) : The consensus price target for Penske Automotive Group (PAG) is $53 for the short term with a standard deviation of $1.73. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $54, however, the pessimist price target for the company is $51.
For the current week, the company shares have a recommendation consensus of Buy. Penske Automotive Group (NYSE:PAG): stock was range-bound between the intraday low of $48.67 and the intraday high of $50.0693 after having opened at $49.58 on Fridays session. The stock finally closed in the red at $49.58, a loss of -1.07%. The stock remained in the red for the whole trading day. The total traded volume was 1,549,240 shares. The stock failed to cross $50.0693 in Fridays trading. The stocks closing price on Thursday was $49.11.
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. The Company operates in two segments: Retail Automotive, which includes the Companys retail automotive dealership operations and Other, which include the Companys retail commercial vehicle dealership operations, commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern, Central, Western United States and International. As of December 31, 2014, the Company operated 327 automotive retail franchises, of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.