Penske Automotive Group, Inc. (NYSE:PAG) has been downgraded to Hold in a report by Gabelli today.
- Updated: February 12, 2017
Just yesterday Penske Automotive Group, Inc. (NYSE:PAG) traded 1.37% higher at $51.80. Penske Automotive Group, Inc.’s 50-day moving average is $52.93 and its 200-day moving average is $48.07. The last closing price is up 9.52% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 328,430 shares of PAG traded hands, down from an average trading volume of 468,097
Gabelli has downgraded Penske Automotive Group, Inc. (NYSE:PAG) to Hold in a report released on Wednesday February 08, 2017.
Previously on Wednesday February 01, 2017, Susquehanna Bancshares Inc reported on Penske Automotive Group, Inc. (NYSE:PAG) increased the target price from $0.00 to $63.00. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
Penske Automotive Group, Inc. has 52 week low of $29.29 and a 52 week high of $56.05 with a PE ratio of 13.21 and has a market capitalization of $0.
In addition to Gabelli reporting its stock price target, a total of 6 brokers have issued a research note on the company. The average stock price target is $50.83 with 3 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 2 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Penske Automotive Group, Inc. (NYSE:PAG)
Penske Automotive Group, Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Company operates in three segments: Retail Automotive, which includes the Company's retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include its retail commercial vehicle dealership operations, commercial vehicle distribution operations and its investments in non-automotive operations. Its Retail Automotive segment includes all automotive dealerships and all departments relevant to the operation of the dealerships and its retail automotive joint ventures. It operates over 350 automotive retail franchises.
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