Stifel Nicolaus downgraded Penske Automotive Group, Inc. (NYSE:PAG) to Hold in a report released today.
- Updated: September 16, 2016
Only yesterday Penske Automotive Group, Inc. (NYSE:PAG) traded 1.33% lower at $49.64. PAG’s 50-day moving average is $43.47 and its two hundred day average is $38.30. With the last stock close up 27.88% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the date range. 904,806 shares of the stock exchanged hands, down from ann average trading volume of 993,739.
Stifel Nicolaus has downgraded Penske Automotive Group, Inc.(NYSE:PAG) to Hold in a statement released Friday September 16 2016.
See Chart Below:
A total of 6 brokers have released a ratings update on the stock. Three firms rate the stock a strong buy, five firms rate the stock a buy, two firms rate the company a hold, one firm rate the company to underperform, and lastly 0 analystsrate the company as sell with a 12-month target price of $50.83
With a market cap of $0.0, Penske Automotive Group, Inc. has a one-year low of $29.29 and a one-year high of $52.67 with a PE ratio of 13.
General Information 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, and 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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