Brokerage Firm Rating Update on Penske Automotive Group (PAG)

Penske Automotive Group (PAG) : 3 brokerage houses believe that Penske Automotive Group (PAG) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Penske Automotive Group (PAG). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Penske Automotive Group (PAG) : Currently there are 3 street experts covering Penske Automotive Group (PAG) stock. The most bullish and bearish price target for the stock is $54 and $51 respectively for the short term. The average price target of all the analysts comes to $53. The estimated standard deviation from the target is $1.73.


For the current week, the company shares have a recommendation consensus of Buy. Also, Seaport Global initiates coverage on Penske Automotive Group (NYSE:PAG). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on August 9, 2016.

Penske Automotive Group (NYSE:PAG): The stock opened at $46.95 and touched an intraday high of $47.775 on Wednesday. During the day, the stock corrected to an intraday low of $46.94, however, the bulls stepped in and pushed the price higher to close in the green at $47.69 with a gain of 1.71% for the day. The total traded volume for the day was 889,069. The stock had closed at $46.89 in the previous trading session.

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.

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