GP Strategies Corporation (GPX) Receives $29.50 Average Price Target from Brokerages
Shares of GP Strategies Corporation (NYSE:GPX) have been given a consensus recommendation of “Buy” by the six ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.50.
A number of research firms have issued reports on GPX. Zacks Investment Research downgraded shares of GP Strategies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. B. Riley reiterated a “neutral” rating and issued a $27.00 target price on shares of GP Strategies Corporation in a research report on Wednesday, August 2nd. TheStreet upgraded shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a research report on Monday, July 31st. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 17th. Finally, ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a research report on Friday, July 28th.
GP Strategies Corporation (NYSE GPX) traded up 0.33% during mid-day trading on Wednesday, reaching $30.50. 13,499 shares of the company’s stock traded hands. GP Strategies Corporation has a 52-week low of $22.70 and a 52-week high of $31.25. The company has a 50-day moving average of $29.50 and a 200-day moving average of $27.05. The company has a market capitalization of $510.11 million, a price-to-earnings ratio of 23.83 and a beta of 0.93.
GP Strategies Corporation (NYSE:GPX) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. GP Strategies Corporation had a net margin of 4.27% and a return on equity of 12.56%. The business had revenue of $131.16 million during the quarter, compared to the consensus estimate of $131.20 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts expect that GP Strategies Corporation will post $1.31 EPS for the current year.
In other news, insider David A. Gugala sold 6,732 shares of the stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $28.28, for a total transaction of $190,380.96. Following the transaction, the insider now owns 8,810 shares in the company, valued at approximately $249,146.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Kenneth L. Crawford sold 3,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $28.77, for a total transaction of $86,310.00. Following the transaction, the vice president now owns 28,691 shares in the company, valued at approximately $825,440.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,317 shares of company stock worth $608,101. 25.70% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new position in GP Strategies Corporation in the 2nd quarter valued at $222,000. The Manufacturers Life Insurance Company grew its stake in GP Strategies Corporation by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,091 shares of the company’s stock valued at $267,000 after buying an additional 225 shares during the last quarter. State Street Corp grew its stake in GP Strategies Corporation by 8.3% in the 2nd quarter. State Street Corp now owns 225,918 shares of the company’s stock valued at $5,966,000 after buying an additional 17,329 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in GP Strategies Corporation by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 964,815 shares of the company’s stock valued at $25,472,000 after buying an additional 19,373 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in GP Strategies Corporation by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 582,633 shares of the company’s stock valued at $15,381,000 after buying an additional 3,013 shares during the last quarter. Institutional investors own 88.39% of the company’s stock.
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GP Strategies Corporation Company Profile
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.
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