Zacks Investment Research Upgrades GP Strategies Corp. (GPX) to Hold
GP Strategies Corp. (NYSE:GPX) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “
Separately, B. Riley reaffirmed a “buy” rating and set a $27.00 price target on shares of GP Strategies Corp. in a research report on Tuesday, July 26th.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.05 on Wednesday. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $28.59. The firm has a market cap of $399.88 million, a P/E ratio of 21.84 and a beta of 1.41. The firm’s 50-day moving average is $24.31 and its 200-day moving average is $23.84.
GP Strategies Corp. (NYSE:GPX) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by $0.03. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The firm had revenue of $125.50 million for the quarter, compared to analyst estimates of $127.96 million. During the same period last year, the company earned $0.27 EPS. The company’s revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that GP Strategies Corp. will post $1.19 EPS for the current fiscal year.
In related news, major shareholder Sagard Capital Partners, L.P. acquired 1,100 shares of the company’s stock in a transaction dated Thursday, September 22nd. The shares were bought at an average price of $25.00 per share, for a total transaction of $27,500.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Samuel D. Robinson acquired 9,414 shares of the company’s stock in a transaction dated Tuesday, September 13th. The shares were bought at an average price of $24.45 per share, for a total transaction of $230,172.30. The disclosure for this purchase can be found here. Insiders own 24.90% of the company’s stock.
Several large investors have recently made changes to their positions in the company. NWQ Investment Management Company LLC boosted its stake in shares of GP Strategies Corp. by 2.0% in the first quarter. NWQ Investment Management Company LLC now owns 787,331 shares of the company’s stock worth $21,573,000 after buying an additional 15,520 shares in the last quarter. State Street Corp boosted its stake in shares of GP Strategies Corp. by 0.5% in the first quarter. State Street Corp now owns 200,602 shares of the company’s stock worth $5,497,000 after buying an additional 1,052 shares in the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of GP Strategies Corp. during the first quarter worth about $244,000. Geode Capital Management LLC boosted its stake in shares of GP Strategies Corp. by 0.9% in the first quarter. Geode Capital Management LLC now owns 102,005 shares of the company’s stock worth $2,794,000 after buying an additional 952 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of GP Strategies Corp. by 10.8% in the first quarter. Renaissance Technologies LLC now owns 37,994 shares of the company’s stock worth $1,041,000 after buying an additional 3,694 shares in the last quarter. Institutional investors own 88.88% of the company’s stock.
About GP Strategies Corp.
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
Receive News & Stock Ratings for GP Strategies Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GP Strategies Corp. and related stocks with our FREE daily email newsletter.