Penske Automotive Group, Inc. (NYSE:PAG) Given Consensus Rating of "Hold" by Analysts

Shares of Penske Automotive Group, Inc. (NYSE:PAG - Get Free Report) have received an average rating of "Hold" from the five ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $170.25.

Separately, Benchmark initiated coverage on Penske Automotive Group in a research note on Thursday, December 12th. They issued a "buy" rating for the company.

Penske Automotive Group Price Performance

PAG traded down $1.69 during trading on Friday, hitting $163.94. The company's stock had a trading volume of 192,918 shares, compared to its average volume of 164,610. The firm's 50 day moving average price is $160.11 and its two-hundred day moving average price is $159.73. The company has a quick ratio of 0.20, a current ratio of 0.91 and a debt-to-equity ratio of 0.22. Penske Automotive Group has a 12 month low of $142.32 and a 12 month high of $179.72. The stock has a market capitalization of $10.95 billion, a price-to-earnings ratio of 12.56 and a beta of 1.20.

Institutional Investors Weigh In On Penske Automotive Group

Several large investors have recently modified their holdings of the business. Millennium Management LLC increased its holdings in shares of Penske Automotive Group by 9.1% in the second quarter. Millennium Management LLC now owns 126,278 shares of the company's stock worth $18,818,000 after acquiring an additional 10,522 shares in the last quarter. Citigroup Inc. boosted its position in shares of Penske Automotive Group by 4.1% during the third quarter. Citigroup Inc. now owns 63,548 shares of the company's stock worth $10,321,000 after buying an additional 2,475 shares during the period. International Assets Investment Management LLC boosted its position in shares of Penske Automotive Group by 12,674.5% during the third quarter. International Assets Investment Management LLC now owns 59,146 shares of the company's stock worth $9,606,000 after buying an additional 58,683 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Penske Automotive Group by 19.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 55,767 shares of the company's stock worth $8,501,000 after buying an additional 9,199 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of Penske Automotive Group by 4.7% during the fourth quarter. Rhumbline Advisers now owns 54,063 shares of the company's stock worth $8,241,000 after buying an additional 2,446 shares during the period. 77.08% of the stock is currently owned by institutional investors.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.