Group 1 Automotive Stock Rating Lowered by Zacks (GPI)
Group 1 Automotive (NYSE:GPI) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Friday. They currently have a $91.10 price objective on the stock. Zacks‘s price objective indicates a potential upside of 19.40% from the company’s current price.
Group 1 Automotive (NYSE:GPI) traded down 2.84% during mid-day trading on Friday, hitting $76.30. 623,953 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 $82.19 and its 200-day moving average is $71.62. The company has a market cap of $1.772 billion and a price-to-earnings ratio of 17.02.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, July 24th. The company reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by $0.17. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.61 million. During the same quarter in the previous year, the company posted $1.52 earnings per share. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, analysts predict that Group 1 Automotive will post $5.60 earnings per share for the current fiscal year.
GPI has been the subject of a number of other recent research reports. Analysts at KeyCorp reiterated a “buy” rating on shares of Group 1 Automotive in a research note on Wednesday, July 16th. They now have a $92.00 price target on the stock, up previously from $87.00. Separately, 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, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $80.52.
Group 1 Automotive, Inc is an operator in the automotive retailing industry. Through its operating subsidiaries, it markets and sells a range of automotive products and services, including new and used cars and light trucks; arrange related vehicle financing; service and insurance contracts; provide automotive maintenance and repair services, and sell vehicle part.
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