Group 1 Automotive Inc. (GPI) Given Consensus Rating of “Hold” by Brokerages
Shares of Group 1 Automotive Inc. (NYSE:GPI) have received an average recommendation of “Hold” from the seven brokerages that are covering the stock. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $61.50.
GPI has been the topic of several research analyst reports. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Tuesday, September 27th. TheStreet raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating in a research note on Thursday, September 15th. Buckingham Research raised shares of Group 1 Automotive from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 20th. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $61.00 target price (down previously from $64.00) on shares of Group 1 Automotive in a research note on Saturday, October 8th. Finally, Seaport Global Securities initiated coverage on shares of Group 1 Automotive in a research note on Tuesday, August 9th. They set a “neutral” rating on the stock.
Group 1 Automotive (NYSE:GPI) opened at 68.37 on Friday. Group 1 Automotive has a 52 week low of $47.31 and a 52 week high of $83.43. The stock has a market cap of $1.40 billion, a P/E ratio of 18.69 and a beta of 1.38. The company’s 50 day moving average is $61.28 and its 200 day moving average is $59.55.
Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings data on Thursday, October 20th. The company reported $1.96 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by $0.13. The firm earned $2.80 billion during the quarter, compared to the consensus estimate of $2.89 billion. Group 1 Automotive had a net margin of 0.72% and a return on equity of 17.77%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.91 earnings per share. Equities analysts predict that Group 1 Automotive will post $7.35 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.92 annualized dividend and a dividend yield of 1.35%. Group 1 Automotive’s dividend payout ratio is currently 24.02%.
In other news, VP Darryl M. Burman sold 2,000 shares of Group 1 Automotive stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $58.90, for a total value of $117,800.00. Following the transaction, the vice president now owns 72,633 shares of the company’s stock, valued at approximately $4,278,083.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Earl J. Hesterberg sold 10,000 shares of Group 1 Automotive stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $59.97, for a total transaction of $599,700.00. Following the completion of the transaction, the chief executive officer now directly owns 165,251 shares in the company, valued at approximately $9,910,102.47. The disclosure for this sale can be found here. 7.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Acrospire Investment Management LLC increased its position in Group 1 Automotive by 1,050.0% in the second quarter. Acrospire Investment Management LLC now owns 2,300 shares of the company’s stock valued at $114,000 after buying an additional 2,100 shares during the period. Tower Research Capital LLC TRC purchased a new position in Group 1 Automotive during the second quarter valued at $122,000. BlackRock Inc. increased its position in Group 1 Automotive by 77.2% in the first quarter. BlackRock Inc. now owns 2,522 shares of the company’s stock valued at $148,000 after buying an additional 1,099 shares during the period. Societe Generale purchased a new position in Group 1 Automotive during the second quarter valued at $134,000. Finally, SG Americas Securities LLC purchased a new position in Group 1 Automotive during the second quarter valued at $134,000. 98.21% of the stock is currently owned by institutional investors and hedge funds.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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