Shares of Group 1 Automotive, Inc. (NYSE:GPI) have earned an average rating of “Hold” from the eleven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $86.00.
Several equities analysts recently commented on GPI shares. Buckingham Research lowered shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and set a $86.00 price target for the company. in a research report on Monday, November 13th. Zacks Investment Research raised shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a research report on Thursday, October 26th. Wells Fargo & Co upped their price target on shares of Group 1 Automotive from $65.00 to $85.00 and gave the stock a “market perform” rating in a research report on Monday, October 30th. Finally, Bank of America upped their price target on shares of Group 1 Automotive from $103.00 to $105.00 and gave the stock a “buy” rating in a research report on Friday.
In related news, CEO Earl J. Hesterberg sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $72.15, for a total transaction of $288,600.00. Following the completion of the transaction, the chief executive officer now owns 139,065 shares of the company’s stock, valued at $10,033,539.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $81.00, for a total transaction of $810,000.00. Following the sale, the chief financial officer now owns 123,470 shares of the company’s stock, valued at $10,001,070. The disclosure for this sale can be found here. Insiders have sold 167,398 shares of company stock valued at $12,974,458 in the last ninety days. 6.08% of the stock is currently owned by company insiders.
Group 1 Automotive (NYSE:GPI) opened at $77.83 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.06 and a quick ratio of 0.26. The firm has a market cap of $1,608.86, a P/E ratio of 7.69, a PEG ratio of 1.34 and a beta of 1.70. Group 1 Automotive has a 52-week low of $51.62 and a 52-week high of $84.47.
Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Group 1 Automotive had a net margin of 1.89% and a return on equity of 15.85%. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter in the previous year, the business posted $1.74 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. analysts forecast that Group 1 Automotive will post 8.21 EPS for the current year.
TRADEMARK VIOLATION NOTICE: This article was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://sportsperspectives.com/2018/02/13/group-1-automotive-inc-gpi-given-consensus-recommendation-of-hold-by-brokerages.html.
Group 1 Automotive Company Profile
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.
Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.