1 week Ago By ABMN Staff
Group 1 Automotive, Inc. ( NYSE:GPI – Get Free Report ) has been assigned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports.
One equities research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $437.67.
GPI has been the topic of a number of recent analyst reports. Guggenheim upped their price target on Group 1 Automotive from $420.00 to $442.
00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Morgan Stanley raised Group 1 Automotive from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $285.00 to $430.
00 in a research report on Wednesday, September 25th. StockNews.com raised Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Friday, November 8th.
Stephens began coverage on shares of Group 1 Automotive in a report on Thursday, September 12th. They set an “equal weight” rating and a $394.00 price objective on the stock.
Finally, Jefferies Financial Group initiated coverage on shares of Group 1 Automotive in a research report on Friday, December 13th. They issued a “buy” rating and a $500.00 price objective for the company.
Get Our Latest Stock Analysis on GPI Group 1 Automotive Price Performance Group 1 Automotive ( NYSE:GPI – Get Free Report ) last released its quarterly earnings results on Wednesday, October 30th. The company reported $9.90 earnings per share for the quarter, beating analysts’ consensus estimates of $9.
87 by $0.03. Group 1 Automotive had a net margin of 2.
68% and a return on equity of 18.49%. The business had revenue of $5.
22 billion for the quarter, compared to analysts’ expectations of $5.06 billion. During the same period last year, the business earned $12.
07 EPS. The company’s revenue was up 11.0% compared to the same quarter last year.
Research analysts predict that Group 1 Automotive will post 38.37 earnings per share for the current fiscal year. Group 1 Automotive Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Monday, December 16th.
Investors of record on Monday, December 2nd were issued a dividend of $0.47 per share. This represents a $1.
88 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, December 2nd.
Group 1 Automotive’s dividend payout ratio (DPR) is 5.01%. Group 1 Automotive declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 12th that allows the company to buyback $500.
00 million in shares. This buyback authorization allows the company to reacquire up to 9.3% of its shares through open market purchases.
Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued. Insider Buying and Selling In other Group 1 Automotive news, VP Edward Mckissic sold 79 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $374.
01, for a total value of $29,546.79. Following the completion of the transaction, the vice president now owns 6,259 shares in the company, valued at approximately $2,340,928.
59. This represents a 1.25 % decrease in their ownership of the stock.
The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, Director Lincoln Pereira sold 6,000 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $426.
68, for a total transaction of $2,560,080.00. Following the sale, the director now directly owns 98,467 shares in the company, valued at approximately $42,013,899.
56. The trade was a 5.74 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . 1.70% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Group 1 Automotive A number of large investors have recently bought and sold shares of the business. Franklin Resources Inc. grew its holdings in Group 1 Automotive by 2.
3% in the third quarter. Franklin Resources Inc. now owns 156,627 shares of the company’s stock valued at $55,701,000 after purchasing an additional 3,507 shares during the period.
Tidal Investments LLC acquired a new stake in Group 1 Automotive in the 3rd quarter valued at $272,000. Coldstream Capital Management Inc. grew its stake in Group 1 Automotive by 8.
2% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,314 shares of the company’s stock valued at $504,000 after acquiring an additional 100 shares during the period.
Geode Capital Management LLC increased its holdings in Group 1 Automotive by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 305,602 shares of the company’s stock worth $117,080,000 after acquiring an additional 1,985 shares in the last quarter.
Finally, Barclays PLC raised its position in Group 1 Automotive by 244.7% during the third quarter. Barclays PLC now owns 56,319 shares of the company’s stock worth $21,573,000 after acquiring an additional 39,982 shares during the period.
Institutional investors and hedge funds own 99.92% of the company’s stock. Group 1 Automotive Company Profile ( Get Free Report 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. Recommended Stories 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 .
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