GP Strategies (NYSE:GPX)‘s stock had its “hold” rating reaffirmed by stock analysts at B. Riley in a research report issued to clients and investors on Tuesday. They currently have a $24.50 target price on the stock. B. Riley’s price objective suggests a potential upside of 6.75% from the stock’s previous close.

Several other equities research analysts have also issued reports on GPX. BidaskClub raised shares of GP Strategies from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research lowered shares of GP Strategies from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a report on Friday, November 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $29.17.

Shares of GP Strategies (GPX) traded up $0.10 during mid-day trading on Tuesday, reaching $22.95. 72,600 shares of the company were exchanged, compared to its average volume of 33,326. GP Strategies has a fifty-two week low of $22.30 and a fifty-two week high of $31.25. The company has a market capitalization of $383.51, a price-to-earnings ratio of 17.85, a P/E/G ratio of 1.41 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40.

GP Strategies (NYSE:GPX) last announced its earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.03. GP Strategies had a net margin of 3.95% and a return on equity of 12.16%. The business had revenue of $124.10 million for the quarter, compared to analyst estimates of $125.01 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. GP Strategies’s revenue was up 1.7% compared to the same quarter last year. equities analysts anticipate that GP Strategies will post 1.08 EPS for the current fiscal year.

GP Strategies announced that its Board of Directors has approved a stock buyback plan on Wednesday, November 22nd that permits the company to repurchase $10.00 million in outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in GP Strategies by 2.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock worth $267,000 after buying an additional 225 shares in the last quarter. Rhumbline Advisers lifted its position in GP Strategies by 1.7% during the 2nd quarter. Rhumbline Advisers now owns 15,204 shares of the company’s stock valued at $401,000 after purchasing an additional 255 shares during the period. Schwab Charles Investment Management Inc. lifted its position in GP Strategies by 1.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 71,564 shares of the company’s stock valued at $1,890,000 after purchasing an additional 987 shares during the period. TIAA CREF Investment Management LLC lifted its position in GP Strategies by 4.3% during the 1st quarter. TIAA CREF Investment Management LLC now owns 37,194 shares of the company’s stock valued at $941,000 after purchasing an additional 1,543 shares during the period. Finally, Bessemer Group Inc. lifted its position in GP Strategies by 24.7% during the 2nd 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 period. Institutional investors own 88.87% of the company’s stock.

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About GP Strategies

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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