GP Strategies (GPX) Given a $24.00 Price Target by B. Riley Analysts

GP Strategies (NYSE:GPX) received a $24.00 target price from B. Riley in a research note issued on Friday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. B. Riley’s price target points to a potential upside of 66.67% from the company’s previous close.

Separately, Zacks Investment Research upgraded GP Strategies from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $25.00.

NYSE GPX traded down $0.08 during trading on Friday, hitting $14.40. The stock had a trading volume of 658 shares, compared to its average volume of 54,488. The stock has a market capitalization of $240.75 million, a price-to-earnings ratio of 10.67, a PEG ratio of 0.88 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.12 and a current ratio of 1.12. GP Strategies has a 12 month low of $13.62 and a 12 month high of $26.80.

GP Strategies (NYSE:GPX) last released its earnings results on Tuesday, November 6th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $123.57 million for the quarter, compared to analysts’ expectations of $127.97 million. GP Strategies had a return on equity of 10.79% and a net margin of 1.77%. On average, equities research analysts forecast that GP Strategies will post 1.1 EPS for the current year.

In related news, Director Marshall S. Geller purchased 2,000 shares of the stock in a transaction on Thursday, September 27th. The shares were purchased at an average price of $16.57 per share, with a total value of $33,140.00. Following the transaction, the director now directly owns 148,254 shares of the company’s stock, valued at $2,456,568.78. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 25.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new position in shares of GP Strategies during the 3rd quarter worth approximately $268,000. Summit Global Investments bought a new stake in GP Strategies in the 2nd quarter valued at $605,000. Millennium Management LLC boosted its stake in GP Strategies by 88.6% in the 1st quarter. Millennium Management LLC now owns 37,900 shares of the company’s stock valued at $858,000 after purchasing an additional 17,809 shares during the period. Citadel Advisors LLC boosted its stake in GP Strategies by 75.8% in the 2nd quarter. Citadel Advisors LLC now owns 48,878 shares of the company’s stock valued at $860,000 after purchasing an additional 21,080 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in GP Strategies by 39.7% in the 1st quarter. JPMorgan Chase & Co. now owns 45,771 shares of the company’s stock valued at $1,036,000 after purchasing an additional 12,997 shares during the period. 87.20% of the stock is currently owned by hedge funds and other institutional investors.

GP Strategies Company Profile

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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