BidaskClub upgraded shares of Group 1 Automotive, Inc. (NYSE:GPI) from a sell rating to a hold rating in a report published on Wednesday.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research raised shares of Group 1 Automotive from a strong sell rating to a hold rating in a report on Friday, June 30th. ValuEngine lowered shares of Group 1 Automotive from a strong-buy rating to a buy rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Group 1 Automotive has an average rating of Hold and an average price target of $69.33.
Shares of Group 1 Automotive (NYSE GPI) traded down 2.62% during trading on Wednesday, hitting $61.36. 81,236 shares of the stock were exchanged. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.03 and a beta of 1.64. The stock’s 50 day moving average price is $61.48 and its 200 day moving average price is $71.94. Group 1 Automotive has a 52 week low of $50.16 and a 52 week high of $83.18.
Group 1 Automotive (NYSE:GPI) last released its earnings results on Friday, April 28th. The company reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.18. Group 1 Automotive had a net margin of 1.32% and a return on equity of 17.16%. The business had revenue of $2.52 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period in the prior year, the business posted $1.59 EPS. Group 1 Automotive’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, equities analysts predict that Group 1 Automotive will post $7.36 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Tuesday, May 30th. Group 1 Automotive’s dividend payout ratio (DPR) is presently 14.14%.
A number of large investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Group 1 Automotive by 119.5% in the first quarter. Public Employees Retirement System of Ohio now owns 9,174 shares of the company’s stock worth $680,000 after buying an additional 4,994 shares during the period. Goldman Sachs Group Inc. boosted its stake in Group 1 Automotive by 56.1% in the first quarter. Goldman Sachs Group Inc. now owns 176,378 shares of the company’s stock valued at $13,067,000 after buying an additional 63,414 shares in the last quarter. Ironwood Investment Management LLC boosted its stake in Group 1 Automotive by 0.5% in the first quarter. Ironwood Investment Management LLC now owns 21,920 shares of the company’s stock valued at $1,624,000 after buying an additional 110 shares in the last quarter. Credit Suisse AG boosted its stake in Group 1 Automotive by 19.4% in the first quarter. Credit Suisse AG now owns 40,702 shares of the company’s stock valued at $3,015,000 after buying an additional 6,606 shares in the last quarter. Finally, Cambria Investment Management L.P. bought a new stake in Group 1 Automotive during the first quarter valued at approximately $1,192,000. 97.19% of the stock is currently owned by institutional investors and hedge funds.
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.
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