Penske Automotive Group, Inc. (NYSE:PAG) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 3, 2016
Zacks Investment Research has downgraded Penske Automotive Group, Inc. (NYSE:PAG) to Sell in a statement released on Monday October 03, 2016.
Boasting a price of $48.35, Penske Automotive Group, Inc. (NYSE:PAG) traded 0.42% higher on the day. With the last close up 23.97% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Penske Automotive Group, Inc. has recorded a 50-day average of $46.28 and a two hundred day average of $39.03. Volume of trade was down over the average, with 519,616 shares of PAG changing hands under the typical 997,302
With a total market value of $0, Penske Automotive Group, Inc. has price-earnings ratio of 12.92 with a one year low of $29.29 and a one year high of $51.84 .
A total of 6 analysts have released a research note on PAG. Three analysts rating the company a strong buy, five analysts rating the company a buy, two analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $50.83.
More 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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