GP Strategies (GPX) Stock Rating Upgraded by Zacks Investment Research

GP Strategies (NYSE:GPX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “

Several other research firms have also recently issued reports on GPX. B. Riley set a $27.00 price objective on GP Strategies and gave the stock a “hold” rating in a research report on Tuesday, October 31st. TheStreet cut GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $29.17.

GP Strategies (NYSE:GPX) traded down $0.65 during trading hours on Wednesday, hitting $23.10. The stock had a trading volume of 41,866 shares, compared to its average volume of 39,300. The firm has a market cap of $391.90, a PE ratio of 19.41, a P/E/G ratio of 1.15 and a beta of 0.83. GP Strategies has a twelve month low of $22.30 and a twelve month high of $31.25. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10.

GP Strategies (NYSE:GPX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $124.10 million during the quarter, compared to analysts’ expectations of $125.01 million. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS. research analysts forecast that GP Strategies will post 1.08 EPS for the current fiscal year.

GP Strategies declared that its board has initiated a stock buyback program on Wednesday, November 22nd that allows the company to buyback $10.00 million in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board believes its stock is undervalued.

Large investors have recently added to or reduced their stakes in the company. Northpointe Capital LLC acquired a new stake in shares of GP Strategies in the 3rd quarter valued at about $5,628,000. NWQ Investment Management Company LLC boosted its position in shares of GP Strategies by 8.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,264,418 shares of the company’s stock valued at $39,007,000 after purchasing an additional 103,140 shares during the period. Neuberger Berman Group LLC boosted its position in shares of GP Strategies by 9.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock valued at $17,609,000 after purchasing an additional 50,636 shares during the period. Royce & Associates LP boosted its position in shares of GP Strategies by 30.7% in the 2nd quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock valued at $5,129,000 after purchasing an additional 45,605 shares during the period. Finally, AlphaOne Investment Services LLC boosted its position in shares of GP Strategies by 14.9% in the 2nd quarter. AlphaOne Investment Services LLC now owns 213,216 shares of the company’s stock valued at $5,630,000 after purchasing an additional 27,677 shares during the period. 88.87% of the stock is owned by institutional investors and hedge funds.

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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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