GP Strategies Corp (GPX) Given Average Recommendation of “Buy” by Brokerages

GP Strategies Corp (NYSE:GPX) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $29.67.

GPX has been the subject of several recent research reports. Zacks Investment Research lowered shares of GP Strategies from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. B. Riley set a $27.00 price target on shares of GP Strategies and gave the company a “hold” rating in a report on Tuesday, October 31st. Finally, TheStreet lowered shares of GP Strategies from a “b-” rating to a “c” rating in a report on Friday, November 17th.

Shares of GP Strategies (GPX) opened at $23.40 on Tuesday. GP Strategies has a twelve month low of $22.30 and a twelve month high of $31.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40. The company has a market cap of $390.22, a PE ratio of 19.83, a PEG ratio of 1.08 and a beta of 0.86.

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

Several large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in shares of GP Strategies during the 3rd quarter worth approximately $106,000. Ramsey Quantitative Systems bought a new position in shares of GP Strategies during the 4th quarter worth approximately $110,000. Alliancebernstein L.P. bought a new position in shares of GP Strategies during the 2nd quarter worth approximately $214,000. Susquehanna International Group LLP bought a new position in shares of GP Strategies during the 2nd quarter worth approximately $222,000. Finally, Citadel Advisors LLC bought a new position in shares of GP Strategies during the 4th quarter worth approximately $251,000. Institutional investors and hedge funds own 88.91% 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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