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%.

COPYRIGHT VIOLATION NOTICE: This news story was first posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another site, it was illegally stolen and reposted in violation of United States and international copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/10/11/group-1-automotive-inc-gpi-receives-consensus-rating-of-hold-from-analysts.html.

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.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

Receive News & Ratings for Group 1 Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.