Group 1 Automotive, Inc. (NYSE:GPI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 13, 2016
Zacks Investment Research has downgraded Group 1 Automotive, Inc. (NYSE:GPI) to Sell in a statement released on 10/13/2016.
On 9/27/2016, Zacks Investment Research released a statement about Group 1 Automotive, Inc. (NYSE:GPI) upped the target price from $0.00 to $69.00 that suggested an upside of 0.13%.
Having a price of $62.36, Group 1 Automotive, Inc. (NYSE:GPI) traded -3.90% lower on the day. With the last stock price up 5.41% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Group 1 Automotive, Inc. has recorded a 50-day average of $61.33 and a two hundred day average of $59.10. Volume of trade was down over the average, with 76,948 shares of GPI changing hands under the typical 277,869
With a total market value of $0, Group 1 Automotive, Inc. has P/E ratio of 15.65 with a 52 week low of $47.31 and a 52 week high of $89.64 .
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokers have issued a research note on the company. The average stock price target is $85.63 with 3 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Group 1 Automotive, Inc. (NYSE:GPI)
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. It operates through three segments: the U.S., which includes the activities of its corporate office, the U.K. and Brazil. The Company owns and operates approximately 200 franchises, representing over 32 brands of automobiles, at over 152 dealership locations and over 35 collision centers around the world. It sells replacement parts, and provides maintenance and repair services at each of its franchised dealerships and provides collision restoration services. The Company performs both warranty and non-warranty service works at its dealerships, for the vehicle brand(s) sold at a particular location. It offers a range of third-party finance, vehicle service and insurance products.
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