GP Strategies Corp. Price Target Increased to $29.00 by Analysts at B. Riley (GPX)
B. Riley lifted their target price on shares of GP Strategies Corp. (NYSE:GPX) from $24.00 to $29.00 in a research note issued on Friday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. B. Riley’s price objective would suggest a potential downside of 0.65% from the company’s current price.
Shares of GP Strategies Corp. (NYSE:GPX) traded up 4.18% during mid-day trading on Friday, hitting $29.19. The stock had a trading volume of 61,878 shares. GP Strategies Corp. has a 1-year low of $19.01 and a 1-year high of $29.46. The stock’s 50-day moving average is $26.46 and its 200-day moving average is $24.97. The company has a market cap of $557.7 million and a P/E ratio of 23.95.
GP Strategies Corp. (NYSE:GPX) last announced its earnings results on Thursday, October 31st. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.01. The company had revenue of $113.20 million for the quarter, compared to the consensus estimate of $109.30 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 13.5% on a year-over-year basis. On average, analysts predict that GP Strategies Corp. will post $1.22 earnings per share for the current fiscal year.
In other GP Strategies Corp. news, Director Marshall S. Geller sold 4,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $26.86, for a total value of $107,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
GP Strategies Corporation (NYSE:GPX) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services.
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