Group 1 Automotive, Inc. (GPI) Receives “Hold” Rating from KeyCorp
A number of other research analysts have also issued reports on the stock. Berenberg Bank began coverage on shares of Group 1 Automotive in a report on Wednesday. They issued a hold rating and a $77.00 price objective for the company. Zacks Investment Research lowered shares of Group 1 Automotive from a hold rating to a sell rating in a report on Monday. Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a sell rating to a neutral rating and raised their price objective for the company from $56.00 to $67.00 in a report on Thursday, September 7th. TheStreet lowered shares of Group 1 Automotive from a b- rating to a c+ rating in a report on Thursday, August 17th. Finally, BidaskClub lowered shares of Group 1 Automotive from a sell rating to a strong sell rating in a report on Saturday, August 5th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $73.80.
Shares of Group 1 Automotive (GPI) traded down 1.11% during trading on Wednesday, hitting $72.79. 156,482 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $63.55 and its 200-day moving average price is $63.84. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $83.18. The stock has a market cap of $1.46 billion, a PE ratio of 11.19 and a beta of 1.63.
Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing analysts’ consensus estimates of $1.99 by ($0.12). The company had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.70 billion. Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The firm’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the company posted $2.16 EPS. On average, equities analysts expect that Group 1 Automotive will post $7.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Wednesday, August 30th. Group 1 Automotive’s dividend payout ratio is presently 14.75%.
In other Group 1 Automotive news, CFO John C. Rickel sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in GPI. BlackRock Inc. grew its position in shares of Group 1 Automotive by 47,561.6% during the 1st quarter. BlackRock Inc. now owns 2,537,979 shares of the company’s stock worth $188,015,000 after buying an additional 2,532,654 shares during the period. Vanguard Group Inc. grew its position in shares of Group 1 Automotive by 25.5% during the 1st quarter. Vanguard Group Inc. now owns 2,153,519 shares of the company’s stock worth $159,532,000 after buying an additional 437,387 shares during the period. Crescent Grove Advisors LLC acquired a new stake in shares of Group 1 Automotive during the 2nd quarter worth approximately $21,536,000. The Manufacturers Life Insurance Company grew its position in shares of Group 1 Automotive by 19.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,802,293 shares of the company’s stock worth $114,122,000 after buying an additional 295,967 shares during the period. Finally, Northern Trust Corp grew its position in shares of Group 1 Automotive by 25.9% during the 2nd quarter. Northern Trust Corp now owns 765,256 shares of the company’s stock worth $48,456,000 after buying an additional 157,223 shares during the period. 97.67% of the stock is owned by institutional investors.
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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