GP Strategies (GPX) Raised to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of GP Strategies (NYSE:GPX) from a sell rating to a buy rating in a research note released on Tuesday morning. The firm currently has $14.00 price objective on the stock.
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. “
GPX has been the topic of a number of other research reports. Barrington Research reaffirmed a buy rating and set a $20.00 price objective on shares of GP Strategies in a report on Thursday, December 6th. B. Riley set a $24.00 price objective on GP Strategies and gave the stock a buy rating in a report on Friday, November 2nd.
GP Strategies (NYSE:GPX) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. GP Strategies had a return on equity of 10.76% and a net margin of 1.77%. The business had revenue of $123.57 million during the quarter, compared to analysts’ expectations of $127.97 million. As a group, equities research analysts anticipate that GP Strategies will post 1.11 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the stock. IndexIQ Advisors LLC grew its holdings in GP Strategies by 3.9% during the third quarter. IndexIQ Advisors LLC now owns 100,364 shares of the company’s stock worth $1,691,000 after acquiring an additional 3,790 shares during the period. Summit Global Investments grew its holdings in GP Strategies by 12.2% during the third quarter. Summit Global Investments now owns 38,600 shares of the company’s stock worth $650,000 after acquiring an additional 4,200 shares during the period. Bank of New York Mellon Corp grew its holdings in GP Strategies by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 68,612 shares of the company’s stock worth $1,208,000 after acquiring an additional 4,289 shares during the period. BlackRock Inc. grew its holdings in GP Strategies by 0.7% in the third quarter. BlackRock Inc. now owns 736,620 shares of the company’s stock valued at $12,413,000 after purchasing an additional 4,834 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in GP Strategies by 0.8% in the third quarter. Vanguard Group Inc. now owns 676,469 shares of the company’s stock valued at $11,398,000 after purchasing an additional 5,420 shares during the last quarter. 88.72% of the stock is currently owned by hedge funds and other institutional investors.
About GP Strategies
GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.
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