Group 1 Automotive (NYSE:GPI) had its target price raised by JPMorgan Chase & Co. from $83.00 to $95.00 in a report released on Friday, The Fly reports. They currently have an overweight rating on the stock.

GPI has been the topic of a number of other research reports. Stephens reduced their price objective on Group 1 Automotive from $115.00 to $82.00 and set an overweight rating on the stock in a research note on Thursday, March 26th. Zacks Investment Research boosted their price target on Group 1 Automotive to $70.75 in a research note on Friday, May 8th. Benchmark boosted their price target on Group 1 Automotive from $79.00 to $100.00 and gave the stock a buy rating in a research note on Friday. ValuEngine cut Group 1 Automotive from a sell rating to a strong sell rating in a research note on Thursday, May 21st. Finally, Bank of America boosted their price target on Group 1 Automotive from $120.00 to $130.00 and gave the stock a buy rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Group 1 Automotive currently has an average rating of Hold and a consensus price target of $94.82.

Shares of NYSE:GPI opened at $65.38 on Friday. The company has a market cap of $1.19 billion, a P/E ratio of 7.38, a P/E/G ratio of 4.35 and a beta of 2.18. The company has a quick ratio of 0.15, a current ratio of 0.91 and a debt-to-equity ratio of 1.18. Group 1 Automotive has a 52 week low of $26.25 and a 52 week high of $110.11. The business has a fifty day simple moving average of $62.83 and a 200-day simple moving average of $74.84.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Tuesday, May 5th. The company reported $1.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.34. Group 1 Automotive had a return on equity of 16.32% and a net margin of 1.38%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter last year, the firm earned $2.06 earnings per share. The firm’s revenue for the quarter was down 4.2% compared to the same quarter last year. Sell-side analysts expect that Group 1 Automotive will post 6.8 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Point72 Hong Kong Ltd bought a new position in shares of Group 1 Automotive during the fourth quarter valued at approximately $33,000. Advisor Group Holdings Inc. bought a new position in shares of Group 1 Automotive during the first quarter valued at approximately $33,000. Quantbot Technologies LP bought a new position in shares of Group 1 Automotive during the fourth quarter valued at approximately $39,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Group 1 Automotive during the fourth quarter valued at approximately $42,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Group 1 Automotive by 34.2% during the first quarter. PNC Financial Services Group Inc. now owns 1,306 shares of the company’s stock valued at $58,000 after purchasing an additional 333 shares during the last quarter.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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