Group 1 Automotive, Inc. (NYSE:GPI) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $69.33.
A number of equities analysts have commented on GPI shares. Susquehanna Bancshares Inc started coverage on Group 1 Automotive in a research note on Wednesday, February 1st. They issued a “neutral” rating and a $72.00 price target on the stock. Zacks Investment Research cut Group 1 Automotive from a “buy” rating to a “hold” rating in a research note on Tuesday, January 31st. Finally, CL King cut Group 1 Automotive from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 10th.
A number of institutional investors have recently made changes to their positions in GPI. The Manufacturers Life Insurance Company bought a new position in shares of Group 1 Automotive during the third quarter worth approximately $97,705,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Group 1 Automotive by 73.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 753,750 shares of the company’s stock worth $48,150,000 after buying an additional 319,875 shares during the period. Gotham Asset Management LLC bought a new position in shares of Group 1 Automotive during the third quarter worth approximately $8,632,000. Norges Bank bought a new position in shares of Group 1 Automotive during the fourth quarter worth approximately $6,783,000. Finally, BlackRock Fund Advisors boosted its position in shares of Group 1 Automotive by 4.4% in the third quarter. BlackRock Fund Advisors now owns 1,444,951 shares of the company’s stock worth $92,303,000 after buying an additional 60,385 shares during the period. 98.55% of the stock is currently owned by institutional investors and hedge funds.
WARNING: “Group 1 Automotive, Inc. (GPI) Receives $69.33 Consensus Price Target from Brokerages” was published by WKRB News and is owned by of WKRB News. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.wkrb13.com/markets/2065669/group-1-automotive-inc-gpi-receives-69-33-consensus-price-target-from-brokerages.html.
Shares of Group 1 Automotive (NYSE:GPI) traded up 1.19% on Monday, reaching $71.17. The company’s stock had a trading volume of 285,221 shares. The stock has a market cap of $1.46 billion, a P/E ratio of 10.67 and a beta of 1.51. Group 1 Automotive has a 12 month low of $47.31 and a 12 month high of $83.18. The firm’s 50-day moving average price is $72.59 and its 200-day moving average price is $72.87.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $1.74 EPS for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.08. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.51 EPS. On average, analysts forecast that Group 1 Automotive will post $7.80 earnings per share for the current fiscal year.
About Group 1 Automotive
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2065669/group-1-automotive-inc-gpi-receives-69-33-consensus-price-target-from-brokerages.html
Receive News & Ratings for Group 1 Automotive Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive Inc. and related companies with MarketBeat.com's FREE daily email newsletter.