GP Strategies Corp (GPX) Rating Lowered to C+ at TheStreet
GP Strategies Corp (NYSE:GPX) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a report issued on Thursday.
A number of other analysts have also recently weighed in on GPX. B. Riley reiterated a “neutral” rating and set a $27.00 price target on shares of GP Strategies Corp in a research report on Wednesday, May 3rd. Zacks Investment Research cut GP Strategies Corp from a “hold” rating to a “sell” rating in a research report on Thursday, May 4th.
GP Strategies Corp (NYSE:GPX) opened at 24.95 on Thursday. The stock has a 50 day moving average price of $25.47 and a 200-day moving average price of $26.10. The firm has a market cap of $417.34 million, a price-to-earnings ratio of 20.45 and a beta of 1.13. GP Strategies Corp has a 12-month low of $19.59 and a 12-month high of $30.00.
GP Strategies Corp (NYSE:GPX) last announced its quarterly earnings results on Tuesday, May 2nd. The company reported $0.24 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $122.45 million for the quarter, compared to analysts’ expectations of $121.77 million. GP Strategies Corp had a return on equity of 12.55% and a net margin of 4.04%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts forecast that GP Strategies Corp will post $1.27 earnings per share for the current year.
In other GP Strategies Corp news, CEO Scott N. Greenberg bought 1,666 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were purchased at an average cost of $23.21 per share, for a total transaction of $38,667.86. Following the transaction, the chief executive officer now directly owns 149,388 shares in the company, valued at $3,467,295.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 24.90% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Credit Suisse AG acquired a new stake in GP Strategies Corp during the first quarter valued at approximately $339,000. Bank of America Corp DE boosted its stake in GP Strategies Corp by 16.4% in the first quarter. Bank of America Corp DE now owns 66,050 shares of the company’s stock valued at $1,671,000 after buying an additional 9,313 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in GP Strategies Corp during the first quarter valued at approximately $862,000. Schwab Charles Investment Management Inc. boosted its stake in GP Strategies Corp by 6.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 70,577 shares of the company’s stock valued at $1,786,000 after buying an additional 4,251 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in GP Strategies Corp by 62.0% in the first quarter. Renaissance Technologies LLC now owns 46,659 shares of the company’s stock valued at $1,180,000 after buying an additional 17,865 shares in the last quarter. Hedge funds and other institutional investors own 88.95% of the company’s stock.
GP Strategies Corp Company Profile
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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