Shares of Group 1 Automotive, Inc. (NYSE:GPI) have received an average rating of “Hold” from the seven analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $65.50.
Several brokerages recently weighed in on GPI. Zacks Investment Research upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Tuesday, April 4th. Susquehanna Bancshares Inc assumed coverage on Group 1 Automotive in a research note on Wednesday, February 1st. They set a “neutral” rating and a $72.00 price objective for the company.
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Shares of Group 1 Automotive (NYSE:GPI) opened at 63.85 on Monday. The company has a 50-day moving average price of $66.97 and a 200-day moving average price of $73.51. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.40 and a beta of 1.51. Group 1 Automotive has a 52-week low of $47.31 and a 52-week high of $83.18.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings results on Friday, April 28th. The company reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.71 by $0.18. Group 1 Automotive had a net margin of 1.31% and a return on equity of 17.88%. The business had revenue of $2.52 billion during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the prior year, the firm earned $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 anticipate that Group 1 Automotive will post $7.42 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.96 annualized dividend and a yield of 1.50%. Group 1 Automotive’s dividend payout ratio (DPR) is currently 13.77%.
A number of large investors have recently bought and sold shares of GPI. Goldman Sachs Group Inc. raised 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 during the period. Ironwood Investment Management LLC boosted its position in shares of 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 position in shares of 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. Cambria Investment Management L.P. bought a new position in shares of Group 1 Automotive during the first quarter valued at $1,192,000. Finally, Paloma Partners Management Co bought a new position in shares of Group 1 Automotive during the first quarter valued at $200,000. Institutional investors own 98.55% of the company’s stock.
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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