Penske Automotive Group (PAG) has risen sharply, recording gains of 3.93% in the past 4 weeks. However, the stock has corrected -1.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.49% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.14% and the 50-Day Moving Average is 10.39%.The 200 Day SMA reached 27.52%
Penske Automotive Group (NYSE:PAG): After opening at $47.5, the stock dipped to an intraday low of $47.27 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.42 and the buying power remained strong till the end. The stock closed at $48.18 for the day, a gain of 2.12% for the day session. The total traded volume was 703,251. The stocks close on the previous trading day was $48.18.
Penske Automotive Group (PAG) : Average target price received by Penske Automotive Group (PAG) is $53 with an expected standard deviation of $1.73. The most aggressive target on the stock is $54, whereas the most downbeat target is $51. 3 financial analysts are currently covering the stock.
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.