Group 1 Automotive, Inc. (GPI) Receives $82.75 Consensus Target Price from Brokerages

Shares of Group 1 Automotive, Inc. (NYSE:GPI) have been given an average rating of “Hold” by the eight analysts that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $77.60.

Several analysts have weighed in on the company. Zacks Investment Research raised Group 1 Automotive from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research report on Thursday. ValuEngine cut Group 1 Automotive from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Morgan Stanley raised Group 1 Automotive from an “underweight” rating to an “equal weight” rating and set a $61.00 price objective on the stock in a research report on Wednesday, November 14th. TheStreet cut Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, October 18th. Finally, Buckingham Research raised Group 1 Automotive from a “neutral” rating to a “buy” rating and set a $70.00 price objective on the stock in a research report on Monday, October 29th. They noted that the move was a valuation call.

A number of institutional investors have recently bought and sold shares of GPI. Livingston Group Asset Management CO operating as Southport Capital Management bought a new stake in shares of Group 1 Automotive in the 3rd quarter worth approximately $109,000. BlueMountain Capital Management LLC bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth approximately $119,000. Tower Research Capital LLC TRC bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth approximately $135,000. Balter Liquid Alternatives LLC bought a new stake in shares of Group 1 Automotive in the 2nd quarter worth approximately $145,000. Finally, Flinton Capital Management LLC boosted its position in shares of Group 1 Automotive by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 2,400 shares of the company’s stock worth $151,000 after purchasing an additional 1,024 shares in the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE GPI opened at $50.06 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.24 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $969.07 million, a P/E ratio of 6.48, a price-to-earnings-growth ratio of 3.47 and a beta of 2.05. Group 1 Automotive has a 1 year low of $49.92 and a 1 year high of $83.97.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, October 25th. The company reported $2.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.08. The company had revenue of $2.89 billion for the quarter. Group 1 Automotive had a return on equity of 15.48% and a net margin of 2.05%. As a group, analysts anticipate that Group 1 Automotive will post 8.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.04 annualized dividend and a yield of 2.08%. Group 1 Automotive’s payout ratio is 13.45%.

Group 1 Automotive announced that its board has authorized a stock buyback plan on Thursday, October 25th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 9.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Group 1 Automotive Company Profile

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. It sells new and used cars, light trucks, and vehicle parts; arranges vehicle financing; sells service and insurance contracts; and provides automotive maintenance and repair services. The company has operations primarily in the metropolitan areas of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 28 towns in the United Kingdom; and in the metropolitan markets 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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