Group 1 Automotive Stock Rating Upgraded by Zacks (GPI)
Group 1 Automotive (NYSE:GPI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, Stock Ratings Network reports. The firm currently has a $69.80 target price on the stock. Zacks‘ price objective would suggest a potential upside of 1.81% from the company’s current price.
A number of other firms have also recently commented on GPI. Analysts at Thomson Reuters/Verus upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating in a research note to investors on Monday, November 4th. Separately, analysts at Morgan Stanley cut their price target on shares of Group 1 Automotive from $64.00 to $61.00 in a research note to investors on Monday, October 28th. They now have an “underweight” rating on the stock. Finally, analysts at Credit Suisse cut their price target on shares of Group 1 Automotive from $82.00 to $70.00 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $76.76.
Group 1 Automotive (NYSE:GPI) traded down 0.32% during mid-day trading on Tuesday, hitting $68.56. The stock had a trading volume of 222,161 shares. Group 1 Automotive has a 1-year low of $54.91 and a 1-year high of $82.40. The stock has a 50-day moving average of $68.89 and a 200-day moving average of $70.92. The company has a market cap of $1.597 billion and a price-to-earnings ratio of 16.18.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, October 24th. The company reported $1.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.46 by $0.26. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company posted $1.32 earnings per share. Group 1 Automotive’s revenue was up 18.4% compared to the same quarter last year. On average, analysts predict that Group 1 Automotive will post $4.95 earnings per share for the current fiscal year.
Group 1 Automotive, Inc is an operator in the automotive retailing industry. As of December 31, 2011, the Company owned and operated 131 franchises, representing 31 brands of automobiles, at 104 dealership locations and 25 collision service centers in the United States of America and 10 franchises at five dealerships and three collision centers in the United Kingdom.
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