Group 1 Automotive, Inc. (GPI) Rating Lowered to Neutral at Buckingham Research
Group 1 Automotive, Inc. (NYSE:GPI) was downgraded by research analysts at Buckingham Research from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other research firms have also recently weighed in on GPI. Zacks Investment Research raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, October 26th. Wells Fargo & Company boosted their price target on Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a report on Monday, October 30th. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Stephens reissued an “equal weight” rating and issued a $87.00 price target (up from $83.00) on shares of Group 1 Automotive in a report on Wednesday, October 4th. Finally, Goldman Sachs Group, Inc. (The) raised Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $56.00 to $67.00 in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $77.60.
Shares of Group 1 Automotive (NYSE:GPI) opened at $79.63 on Monday. Group 1 Automotive has a 12-month low of $51.62 and a 12-month high of $83.18. The company has a market capitalization of $1,661.00, a price-to-earnings ratio of 10.81, a price-to-earnings-growth ratio of 1.55 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28.
Group 1 Automotive (NYSE:GPI) last released its quarterly earnings results on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.47. Group 1 Automotive had a return on equity of 15.69% and a net margin of 1.20%. The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same period in the previous year, the firm posted $1.96 earnings per share. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. equities analysts predict that Group 1 Automotive will post 7.32 EPS for the current year.
TRADEMARK VIOLATION WARNING: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/11/13/group-1-automotive-inc-gpi-rating-lowered-to-neutral-at-buckingham-research.html.
In related news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction on 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 this hyperlink. Also, VP Peter C. Delongchamps sold 884 shares of the company’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $81.10, for a total value of $71,692.40. Following the completion of the transaction, the vice president now owns 40,812 shares of the company’s stock, valued at $3,309,853.20. The disclosure for this sale can be found here. Insiders sold 66,694 shares of company stock valued at $5,189,106 over the last quarter. Insiders own 6.08% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Group 1 Automotive by 47,561.6% in the first quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock valued at $188,015,000 after purchasing an additional 2,532,654 shares during the last quarter. Vanguard Group Inc. increased its stake in Group 1 Automotive by 5.7% during the second quarter. Vanguard Group Inc. now owns 2,275,649 shares of the company’s stock worth $144,095,000 after acquiring an additional 122,130 shares during the last quarter. Eminence Capital LP increased its stake in Group 1 Automotive by 36.0% during the fourth quarter. Eminence Capital LP now owns 2,189,523 shares of the company’s stock worth $165,747,000 after acquiring an additional 579,918 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Group 1 Automotive by 19.6% during the second quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after acquiring an additional 295,967 shares during the last quarter. Finally, BlackRock Fund Advisors increased its stake in Group 1 Automotive by 4.4% during the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock worth $92,303,000 after acquiring an additional 60,385 shares during the last quarter. Hedge funds and other institutional investors own 98.93% of the company’s stock.
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.
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.