Group 1 Automotive’s Buy Rating Reaffirmed at KeyCorp (GPI)
Group 1 Automotive (NYSE:GPI)‘s stock had its “buy” rating restated by analysts at KeyCorp in a research report issued to clients and investors on Wednesday. They currently have a $92.00 price objective on the stock, up from their previous price objective of $87.00. KeyCorp’s price objective suggests a potential upside of 11.89% from the stock’s previous close.
Shares of Group 1 Automotive (NYSE:GPI) traded down 0.16% on Wednesday, hitting $82.09. 279,422 shares of the company’s stock traded hands. Group 1 Automotive has a 52 week low of $59.37 and a 52 week high of $87.38. The stock’s 50-day moving average is $82.25 and its 200-day moving average is $71.05. The company has a market cap of $1.906 billion and a P/E ratio of 17.82.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, April 24th. The company reported $1.19 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.05 by $0.14. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the company posted $1.16 earnings per share. Group 1 Automotive’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Group 1 Automotive will post $5.65 earnings per share for the current fiscal year.
GPI has been the subject of a number of other recent research reports. Analysts at Goldman Sachs cut their price target on shares of Group 1 Automotive from $80.00 to $79.00 in a research note on Monday. Analysts at Zacks upgraded shares of Group 1 Automotive from a “neutral” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $85.10 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $79.52.
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.