Group 1 Automotive, Inc. (GPI) Receives Consensus Rating of “Hold” from Analysts
Group 1 Automotive, Inc. (NYSE:GPI) has received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $73.80.
Several research analysts have commented on the company. Stephens reaffirmed an “equal weight” rating and set a $87.00 target price (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. Berenberg Bank assumed coverage on Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 target price on the stock. Zacks Investment Research downgraded Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, Goldman Sachs Group, Inc. (The) raised Group 1 Automotive from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $56.00 to $67.00 in a report on Thursday, September 7th.
Shares of Group 1 Automotive (NYSE GPI) traded down 1.55% on Wednesday, reaching $70.93. The company’s stock had a trading volume of 13,820 shares. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $83.18. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 10.88 and a beta of 1.63. The company’s 50 day moving average is $65.54 and its 200-day moving average is $63.72.
Group 1 Automotive (NYSE:GPI) last announced its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.99 by ($0.12). The company had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.70 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.16 earnings per share. Equities research analysts expect that Group 1 Automotive will post $7.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, August 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 14.75%.
In other news, CFO John C. Rickel sold 10,000 shares of Group 1 Automotive stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $66.99, for a total value of $669,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. bought a new position in shares of Group 1 Automotive in the 1st quarter worth about $113,000. Ameritas Investment Partners Inc. bought a new stake in Group 1 Automotive in the 1st quarter valued at about $133,000. Riverhead Capital Management LLC increased its position in Group 1 Automotive by 93.2% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,932 shares of the company’s stock valued at $122,000 after buying an additional 932 shares in the last quarter. Invictus RG increased its position in Group 1 Automotive by 435.1% in the 1st quarter. Invictus RG now owns 2,226 shares of the company’s stock valued at $165,000 after buying an additional 1,810 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Group 1 Automotive in the 1st quarter valued at about $200,000. 97.67% of the stock is owned by hedge funds and other institutional investors.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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