GP Strategies Corporation (GPX) Receives Consensus Rating of “Buy” from Brokerages
Shares of GP Strategies Corporation (NYSE:GPX) have been assigned a consensus rating of “Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $29.50.
GPX has been the topic of several research reports. Barrington Research raised their price target on GP Strategies Corporation from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Zacks Investment Research lowered GP Strategies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. BidaskClub upgraded GP Strategies Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Finally, TheStreet upgraded GP Strategies Corporation from a “c+” rating to a “b-” rating in a research note on Monday, July 31st.
Shares of GP Strategies Corporation (GPX) traded up 0.33% during mid-day trading on Wednesday, hitting $30.75. 6,327 shares of the stock were exchanged. The stock’s 50 day moving average is $29.31 and its 200 day moving average is $26.95. GP Strategies Corporation has a 12 month low of $22.70 and a 12 month high of $31.25. The firm has a market cap of $514.32 million, a P/E ratio of 24.02 and a beta of 0.93.
GP Strategies Corporation (NYSE:GPX) last announced its quarterly earnings results on Thursday, July 27th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $131.16 million for the quarter, compared to analyst estimates of $131.20 million. GP Strategies Corporation had a return on equity of 12.56% and a net margin of 4.27%. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. Analysts expect that GP Strategies Corporation will post $1.31 EPS for the current fiscal year.
In other GP Strategies Corporation news, VP Kenneth L. Crawford sold 3,000 shares of GP Strategies Corporation stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $28.77, for a total value of $86,310.00. Following the transaction, the vice president now owns 28,691 shares in the company, valued at $825,440.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Gugala sold 6,732 shares of GP Strategies Corporation stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $28.28, for a total value of $190,380.96. Following the completion of the transaction, the insider now owns 8,810 shares in the company, valued at approximately $249,146.80. The disclosure for this sale can be found here. Insiders sold 21,317 shares of company stock worth $608,101 in the last quarter. 25.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GPX. American International Group Inc. grew its stake in GP Strategies Corporation by 7.0% in the first quarter. American International Group Inc. now owns 7,838 shares of the company’s stock valued at $198,000 after purchasing an additional 516 shares during the last quarter. First Interstate Bank grew its stake in GP Strategies Corporation by 102.2% in the second quarter. First Interstate Bank now owns 7,785 shares of the company’s stock valued at $206,000 after purchasing an additional 3,935 shares during the last quarter. Alliancebernstein L.P. purchased a new position in GP Strategies Corporation in the second quarter valued at about $214,000. Susquehanna International Group LLP purchased a new position in GP Strategies Corporation in the second quarter valued at about $222,000. Finally, Bessemer Group Inc. grew its stake in GP Strategies Corporation by 24.7% in the second quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock valued at $236,000 after purchasing an additional 1,770 shares during the last quarter. Institutional investors own 88.39% of the company’s stock.
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About GP Strategies Corporation
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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