Somewhat Positive News Coverage Somewhat Unlikely to Affect Penske Automotive Group (PAG) Share Price

News coverage about Penske Automotive Group (NYSE:PAG) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Penske Automotive Group earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0154117478943 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Penske Automotive Group (NYSE PAG) opened at 39.04 on Friday. The firm’s 50-day moving average price is $43.13 and its 200-day moving average price is $45.84. The firm has a market cap of $3.36 billion, a P/E ratio of 9.31 and a beta of 1.48. Penske Automotive Group has a 52-week low of $39.02 and a 52-week high of $56.05.

Penske Automotive Group (NYSE:PAG) last released its quarterly earnings data on Thursday, July 27th. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.07. Penske Automotive Group had a return on equity of 19.13% and a net margin of 1.75%. The firm had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that Penske Automotive Group will post $4.31 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Thursday, August 10th will be given a $0.32 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.28 annualized dividend and a yield of 3.28%. This is a boost from Penske Automotive Group’s previous quarterly dividend of $0.31. Penske Automotive Group’s payout ratio is currently 30.55%.

A number of brokerages recently issued reports on PAG. BidaskClub lowered shares of Penske Automotive Group from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company reissued a “market perform” rating and issued a $46.00 price target (down previously from $54.00) on shares of Penske Automotive Group in a report on Monday, July 17th. ValuEngine lowered shares of Penske Automotive Group from a “strong-buy” rating to a “buy” rating in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Gabelli upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $52.67.

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In related news, President Robert H. Kurnick, Jr. sold 11,172 shares of the stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $42.48, for a total transaction of $474,586.56. Following the sale, the president now owns 89,405 shares of the company’s stock, valued at approximately $3,797,924.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claude H. Denker III sold 5,000 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $41.27, for a total value of $206,350.00. Following the sale, the executive vice president now directly owns 22,243 shares in the company, valued at approximately $917,968.61. The disclosure for this sale can be found here. In the last three months, insiders sold 18,072 shares of company stock worth $763,853. Insiders own 40.70% of the company’s stock.

About Penske Automotive Group

Penske Automotive Group, Inc is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.

Insider Buying and Selling by Quarter for Penske Automotive Group (NYSE:PAG)

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