Penske Automotive Group, Inc. (NYSE:PAG) has been downgraded to Sell in a statement by Evercore ISI earlier today.
- Updated: October 14, 2016
Having a price of $46.27, Penske Automotive Group, Inc. (NYSE:PAG) traded 1.23% higher on the day. With the last close up 14.18% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $47.57 and a 200-day moving average of $39.66. 878,091 shares of Penske Automotive Group, Inc. exchanged hands, down from an avg. volume of 1,005,670
Evercore ISI has downgraded Penske Automotive Group, Inc. (NYSE:PAG) to Sell in a statement released on 10/13/2016.
With a total market value of $0, Penske Automotive Group, Inc. has price-earnings ratio of 12.09 with a one year low of $29.29 and a one year high of $51.52 .
A total of 6 equity analysts have released a ratings update on PAG. Three equity analysts rating the company a strong buy, five equity analysts rating the company a buy, two equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $50.83.
Brief Synopsis About 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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