StockNews.com upgraded shares of Group 1 Automotive (NYSE:GPI - Free Report) from a sell rating to a hold rating in a research report released on Thursday morning.
Several other equities research analysts have also commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Group 1 Automotive from $360.00 to $420.00 and gave the company an "overweight" rating in a report on Tuesday, September 10th. Morgan Stanley raised shares of Group 1 Automotive from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $285.00 to $430.00 in a report on Wednesday, September 25th. Stephens initiated coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They issued an "equal weight" rating and a $394.00 price target on the stock. Finally, Bank of America lowered their price target on shares of Group 1 Automotive from $445.00 to $435.00 and set a "buy" rating on the stock in a report on Monday, July 22nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $396.80.
Get Our Latest Analysis on GPI
Group 1 Automotive Stock Performance
Shares of GPI traded down $13.41 during trading hours on Thursday, reaching $364.50. 207,672 shares of the company traded hands, compared to its average volume of 134,724. The stock has a market capitalization of $4.93 billion, a P/E ratio of 8.82, a P/E/G ratio of 1.76 and a beta of 1.32. The company has a quick ratio of 0.26, a current ratio of 1.02 and a debt-to-equity ratio of 0.80. Group 1 Automotive has a 12-month low of $246.02 and a 12-month high of $393.93. The business has a fifty day moving average price of $365.22 and a 200-day moving average price of $329.12.
Group 1 Automotive (NYSE:GPI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $9.90 earnings per share for the quarter, missing analysts' consensus estimates of $9.93 by ($0.03). The company had revenue of $5.22 billion for the quarter, compared to analysts' expectations of $5.06 billion. Group 1 Automotive had a net margin of 3.03% and a return on equity of 20.53%. Group 1 Automotive's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $12.07 earnings per share. Equities analysts anticipate that Group 1 Automotive will post 38.99 EPS for the current fiscal year.
Group 1 Automotive Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Monday, September 2nd were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 0.52%. Group 1 Automotive's dividend payout ratio (DPR) is currently 4.44%.
Insiders Place Their Bets
In other Group 1 Automotive news, VP Michael David Jones sold 1,200 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $350.99, for a total value of $421,188.00. Following the completion of the transaction, the vice president now owns 9,742 shares in the company, valued at approximately $3,419,344.58. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.70% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the stock. UniSuper Management Pty Ltd acquired a new position in shares of Group 1 Automotive during the 1st quarter worth about $887,000. BNP Paribas Financial Markets raised its position in shares of Group 1 Automotive by 15.2% during the 1st quarter. BNP Paribas Financial Markets now owns 22,236 shares of the company's stock worth $6,498,000 after purchasing an additional 2,927 shares during the last quarter. PAX Financial Group LLC acquired a new position in shares of Group 1 Automotive during the 1st quarter worth about $650,000. SG Americas Securities LLC acquired a new position in shares of Group 1 Automotive during the 1st quarter worth about $1,305,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Group 1 Automotive during the 2nd quarter valued at about $452,000. Institutional investors and hedge funds own 99.92% of the company's stock.
Group 1 Automotive Company Profile
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Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.
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