Group 1 Automotive (NYSE:GPI) had its target price lifted by Morgan Stanley from $84.00 to $87.00 in a report released on Friday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an overweight rating on the stock.
Other equities research analysts have also issued reports about the company. Zacks Investment Research raised their price objective on Group 1 Automotive to $70.75 in a research report on Friday, May 8th. Benchmark lifted their price target on Group 1 Automotive from $79.00 to $100.00 and gave the company a buy rating in a report on Friday, June 26th. Stephens reduced their price target on Group 1 Automotive from $115.00 to $82.00 and set an overweight rating for the company in a report on Thursday, March 26th. JPMorgan Chase & Co. lifted their price target on Group 1 Automotive from $94.00 to $95.00 and gave the company an overweight rating in a report on Wednesday, July 8th. Finally, ValuEngine upgraded Group 1 Automotive from a strong sell rating to a sell rating in a report on Thursday, July 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Group 1 Automotive currently has a consensus rating of Hold and a consensus price target of $95.25.
Shares of NYSE GPI opened at $65.87 on Friday. Group 1 Automotive has a one year low of $26.25 and a one year high of $110.11. The firm has a market capitalization of $1.20 billion, a PE ratio of 7.43, a PEG ratio of 4.53 and a beta of 2.22. The company has a current ratio of 0.91, a quick ratio of 0.15 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $66.32 and a two-hundred day moving average price of $72.61.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.34. Group 1 Automotive had a return on equity of 16.32% and a net margin of 1.38%. The firm had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the company posted $2.06 EPS. The business’s quarterly revenue was down 4.2% compared to the same quarter last year. Research analysts anticipate that Group 1 Automotive will post 6.8 EPS for the current year.
Several hedge funds have recently modified their holdings of GPI. Point72 Hong Kong Ltd bought a new position in shares of Group 1 Automotive in the 4th quarter valued at approximately $33,000. Advisor Group Holdings Inc. bought a new position in shares of Group 1 Automotive in the 1st quarter valued at approximately $33,000. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Group 1 Automotive in the 4th quarter valued at approximately $42,000. PNC Financial Services Group Inc. raised its stake in shares of Group 1 Automotive by 34.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,306 shares of the company’s stock valued at $58,000 after acquiring an additional 333 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of Group 1 Automotive in the 1st quarter valued at approximately $62,000.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.
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