Group 1 Automotive (NYSE:GPI) had its price target lifted by equities researchers at Morgan Stanley from $53.00 to $62.00 in a research note issued to investors on Wednesday. The brokerage currently has an “underweight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 17.00% from the company’s current price.
Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “strong-buy” rating and set a $92.00 price objective for the company in a research note on Wednesday, January 31st. Bank of America increased their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Finally, Buckingham Research upgraded Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $89.00 price target for the company in a research note on Friday, January 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $83.00.
Shares of Group 1 Automotive (GPI) traded down $0.03 during trading hours on Wednesday, reaching $74.70. The company’s stock had a trading volume of 23,093 shares, compared to its average volume of 230,997. The company has a market cap of $1,564.60, a P/E ratio of 7.39, a PEG ratio of 1.18 and a beta of 1.75. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.06 and a quick ratio of 0.26. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.
In other news, CEO Earl J. Hesterberg sold 2,000 shares of the stock in a transaction on Friday, December 29th. The stock was sold at an average price of $72.38, for a total transaction of $144,760.00. Following the completion of the transaction, the chief executive officer now owns 139,065 shares in the company, valued at approximately $10,065,524.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Earl J. Hesterberg sold 28,519 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $80.06, for a total value of $2,283,231.14. Following the transaction, the chief executive officer now owns 108,440 shares of the company’s stock, valued at approximately $8,681,706.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,398 shares of company stock valued at $11,763,108 in the last quarter. 6.08% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in Group 1 Automotive during the 4th quarter worth about $119,000. Amalgamated Bank purchased a new stake in Group 1 Automotive during the 4th quarter worth about $203,000. Trilogy Capital Inc. purchased a new stake in Group 1 Automotive during the 4th quarter worth about $206,000. MANA Advisors LLC purchased a new stake in Group 1 Automotive during the 4th quarter worth about $213,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Group 1 Automotive during the 4th quarter worth about $248,000. 97.57% of the stock is currently owned by institutional investors and hedge funds.
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About Group 1 Automotive
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.
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