Brokerages Set Penske Automotive Group, Inc. (NYSE:PAG) Target Price at $170.25

Penske Automotive Group, Inc. (NYSE:PAG) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $170.25.

Separately, Benchmark assumed coverage on Penske Automotive Group in a research report on Thursday, December 12th. They set a “buy” rating on the stock.

Hedge Funds Weigh In On Penske Automotive Group

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in shares of Penske Automotive Group by 44.8% during the fourth quarter. GAMMA Investing LLC now owns 262 shares of the company’s stock valued at $40,000 after purchasing an additional 81 shares in the last quarter. True Wealth Design LLC raised its holdings in Penske Automotive Group by 14,833.3% during the third quarter. True Wealth Design LLC now owns 448 shares of the company’s stock worth $73,000 after purchasing an additional 445 shares in the last quarter. Transamerica Financial Advisors Inc. raised its stake in shares of Penske Automotive Group by 45,300.0% in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 454 shares of the company’s stock worth $74,000 after buying an additional 453 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Penske Automotive Group in the 3rd quarter worth approximately $94,000. Finally, Capital Performance Advisors LLP acquired a new position in shares of Penske Automotive Group in the 3rd quarter worth $112,000. Institutional investors own 77.08% of the company’s stock.

Penske Automotive Group Stock Performance

NYSE PAG opened at $165.69 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.91 and a quick ratio of 0.20. Penske Automotive Group has a 1-year low of $142.32 and a 1-year high of $179.72. The firm has a market capitalization of $11.06 billion, a P/E ratio of 12.70 and a beta of 1.20. The business’s 50-day simple moving average is $160.11 and its 200-day simple moving average is $159.73.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.