Group 1 Automotive (NYSE:GPI) Stock Rating Upgraded by StockNews.com

Group 1 Automotive (NYSE:GPI) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Other analysts also recently issued research reports about the stock. Bank of America reduced their price target on shares of Group 1 Automotive from $445.00 to $435.00 and set a “buy” rating for the company in a research report on Monday, July 22nd. Morgan Stanley raised shares of Group 1 Automotive from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $285.00 to $430.00 in a research report on Wednesday, September 25th. Stephens began coverage on Group 1 Automotive in a research note on Thursday, September 12th. They set an “equal weight” rating and a $394.00 price objective on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Group 1 Automotive from $360.00 to $420.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Group 1 Automotive has an average rating of “Moderate Buy” and an average target price of $396.80.

Group 1 Automotive Stock Performance

NYSE GPI opened at $378.37 on Thursday. The company has a fifty day simple moving average of $364.82 and a 200 day simple moving average of $328.77. Group 1 Automotive has a 12-month low of $246.02 and a 12-month high of $393.93. The company has a current ratio of 1.02, a quick ratio of 0.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $5.12 billion, a P/E ratio of 8.93, a PEG ratio of 1.76 and a beta of 1.32.

Insider Transactions at Group 1 Automotive

In other news, VP Michael David Jones sold 1,200 shares of Group 1 Automotive stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $350.99, for a total transaction of $421,188.00. Following the sale, the vice president now directly owns 9,742 shares in the company, valued at $3,419,344.58. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Investors Weigh In On Group 1 Automotive

A number of hedge funds have recently made changes to their positions in GPI. UniSuper Management Pty Ltd purchased a new stake in Group 1 Automotive in the 1st quarter worth about $887,000. BNP Paribas Financial Markets increased its holdings in Group 1 Automotive by 15.2% in the 1st quarter. BNP Paribas Financial Markets now owns 22,236 shares of the company’s stock worth $6,498,000 after acquiring an additional 2,927 shares during the last quarter. PAX Financial Group LLC purchased a new stake in Group 1 Automotive in the 1st quarter worth about $650,000. SG Americas Securities LLC purchased a new stake in Group 1 Automotive in the 1st quarter worth about $1,305,000. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Group 1 Automotive in the 2nd quarter worth about $452,000. 99.92% of the stock is currently owned by institutional investors.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.