Penske Automotive Group (PAG) Getting Positive News Coverage, Analysis Finds

Headlines about Penske Automotive Group (NYSE:PAG) have trended positive recently, Accern reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Penske Automotive Group earned a coverage optimism score of 0.31 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.1006653853225 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Penske Automotive Group (NYSE PAG) traded up $0.88 on Thursday, hitting $48.37. 345,196 shares of the stock traded hands, compared to its average volume of 465,953. The company has a market capitalization of $4,140.88, a PE ratio of 11.36, a PEG ratio of 1.73 and a beta of 1.46. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.04 and a quick ratio of 0.23. Penske Automotive Group has a 12 month low of $38.33 and a 12 month high of $56.05.

Penske Automotive Group (NYSE:PAG) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.02. The business had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.33 billion. Penske Automotive Group had a net margin of 1.75% and a return on equity of 18.68%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $1.03 earnings per share. sell-side analysts forecast that Penske Automotive Group will post 4.3 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.73%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $0.32. The ex-dividend date was Thursday, November 9th. Penske Automotive Group’s dividend payout ratio (DPR) is 30.99%.

Penske Automotive Group declared that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

PAG has been the topic of several recent research reports. BidaskClub cut shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a report on Thursday, August 17th. ValuEngine cut shares of Penske Automotive Group from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Northcoast Research initiated coverage on shares of Penske Automotive Group in a report on Thursday, September 28th. They set a “buy” rating and a $56.00 target price on the stock. Berenberg Bank initiated coverage on shares of Penske Automotive Group in a report on Wednesday, October 4th. They set a “hold” rating and a $52.00 target price on the stock. Finally, KeyCorp reaffirmed a “hold” rating on shares of Penske Automotive Group in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Penske Automotive Group presently has a consensus rating of “Hold” and an average price target of $56.00.

In related news, CFO John D. Jr. Carlson sold 7,000 shares of Penske Automotive Group stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $46.20, for a total value of $323,400.00. Following the transaction, the chief financial officer now directly owns 24,844 shares of the company’s stock, valued at $1,147,792.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Shane M. Spradlin sold 3,188 shares of Penske Automotive Group stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $47.41, for a total transaction of $151,143.08. The disclosure for this sale can be found here. Company insiders own 40.70% of the company’s stock.

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About Penske Automotive Group

Penske Automotive Group, Inc is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.

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