Penske Automotive Group (NYSE:PAG) : 8 analysts are covering Penske Automotive Group (NYSE:PAG) and their average rating on the stock is 1.5, which is read as a Strong Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Penske Automotive Group (NYSE:PAG) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Penske Automotive Group (NYSE:PAG) stock is expected to deviate a maximum of $3.79 from the average target price of $54 for the short term period. 6 Street Experts have initiated coverage on the stock with the most promising target being $60 and the most muted being $48.
For the current week, the company shares have a recommendation consensus of Buy.
Penske Automotive Group (NYSE:PAG): stock turned positive on Tuesday. Though the stock opened at $31.93, the bulls momentum made the stock top out at $32.535 level for the day. The stock recorded a low of $31.3563 and closed the trading day at $31.81, in the green by 0.28%. The total traded volume for the day was 1,143,492. The stock had closed at $31.72 in the previous days trading.
In an insider trading activity,The director officer 10% owner (Chairman & CEO) of Penske Automotive Group, Inc., Penske Roger S sold 71,874 shares at $50.19 on June 1, 2015. The Insider selling transaction had a total value worth of $3,607,356. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.