Shares of GP Strategies Corp (NYSE:GPX) have received an average rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $29.67.
Several research analysts have commented on GPX shares. B. Riley set a $27.00 price objective on GP Strategies and gave the company a “hold” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered GP Strategies from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, TheStreet lowered GP Strategies from a “b-” rating to a “c” rating in a research report on Friday, November 17th.
A number of large investors have recently added to or reduced their stakes in the business. CAPROCK Group Inc. raised its position in GP Strategies by 20.1% in the fourth quarter. CAPROCK Group Inc. now owns 22,100 shares of the company’s stock valued at $585,000 after purchasing an additional 3,700 shares during the period. Schwab Charles Investment Management Inc. increased its position in shares of GP Strategies by 9.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 83,819 shares of the company’s stock worth $1,945,000 after acquiring an additional 7,398 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its position in shares of GP Strategies by 6.4% during the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 330,913 shares of the company’s stock worth $7,677,000 after acquiring an additional 19,961 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of GP Strategies by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock worth $17,609,000 after acquiring an additional 50,636 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of GP Strategies by 23.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 41,529 shares of the company’s stock worth $1,281,000 after acquiring an additional 7,785 shares during the last quarter. 88.87% of the stock is currently owned by institutional investors.
GP Strategies (NYSE:GPX) last issued its earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The firm had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $125.01 million. During the same quarter last year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. equities analysts forecast that GP Strategies will post 1.04 EPS for the current fiscal year.
GP Strategies declared that its board has approved a stock repurchase plan on Wednesday, November 22nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
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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