Penske Automotive Group, Inc. (PAG) Forms H&S at $48.51

May 16, 2018 - By Theresa Judd

Penske Automotive Group, Inc. (NYSE:PAG) Corporate Logo

Big Money Sentiment decreased to 1.08 in Q4 2017. It has change of 0.20, from 2017Q3’s 1.28. The ratio fall due to Penske Automotive Group, Inc. positioning: 27 sold and 65 reduced. 32 funds amassed holdings and 67 increased holdings. Investors holded 34.35 million in 2017Q3 but now own 34.38 million shares or 0.09% more.
Millennium Mngmt Limited Liability owns 105,556 shs or 0.01% of their US capital. Pennsylvania-based Vanguard Gp Inc has invested 0.01% in Penske Automotive Group, Inc. (NYSE:PAG). Price T Rowe Md reported 0% stake. Macquarie Group accumulated 21,300 shs or 0% of the stock. Hsbc Holdings Public Limited Com, United Kingdom-based fund reported 9,899 shs. Moreover, Perella Weinberg Capital Management Ltd Partnership has 0.04% invested in Penske Automotive Group, Inc. (NYSE:PAG). Eqis Mngmt holds 5,617 shs or 0.01% of its capital. 4,830 were accumulated by Stephens Ar. 60,849 are owned by Legal & General Grp Pcl. Private Management Gru, a California-based fund reported 536,625 shs. Assetmark holds 5 shs. Buckingham Mgmt invested in 114,664 shs. Lowe Brockenbrough And Communication holds 24,760 shs or 0.17% of its capital. 6,208 were accumulated by Great West Life Assurance Communications Can. Burney Co has 5,259 shs.

Penske Automotive Group, Inc. registered $50.00 million net activity with 0 buys and 1 insider sale since March 27, 2018.

H&S was formed by Penske Automotive Group, Inc. (PAG). It has $46.08 [Target] or $48.51 stock price. $4.12 billion market cap has the stock. Faxor.com announced the H&S technical pattern on May, 16. At $46.08 stock Target, the company valuation changes by $206.10 million less.

The stock increased 1.94% or $0.925 during the last trading session, reaching $48.505.Currently Penske Automotive Group, Inc. is downtrending after 7.69% change in last May 16, 2017. PAG has 224,460 shares volume. The stock underperformed the S&P 500 by 19.24%.

Penske Automotive Group, Inc. (NYSE:PAG)’s earnings report is anticipated by WallStreet on July, 26, according to RTT. Analysts forecast $1.41 EPS. That’s $0.14 up or 11.02 % from 2017’s earnings of $1.27. If EPS of $1.41 is revealed the profit of PAG could be $119.82M giving it 8.60 P/E. Last quarter $1.25 EPS was reported. Analysts predicts 12.80 % EPS growth this quarter.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Total analysts of 3 have positions in Penske Automotive Group (NYSE:PAG) as follows: 3 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $60 highest while $5000 is the lowest target. The average target $54.67 is 12.71% above the last ($48.505) price. Since February 9, 2018 according to StockzIntelligence Inc Penske Automotive Group has 3 analyst reports. On Friday, February 9 the stock has “Buy” rating by Bank of America. On Monday, April 16 Guggenheim initiated the shares of PAG in report with “Buy” rating. On Wednesday, March 14 the stock of Penske Automotive Group, Inc. (NYSE:PAG) has “Overweight” rating given by Morgan Stanley.

For more Penske Automotive Group, Inc. (NYSE:PAG) news brought out briefly go to: Seekingalpha.com, Prnewswire.com, Seekingalpha.com, Seekingalpha.com or Globenewswire.com. The titles are as follows: “Ryder System – Good Dividend, Bad Industry” brought out on April 30, 2018, “Penske Automotive Increases Dividend” on May 10, 2018, “Penske Automotive Group’s (PAG) CEO Roger Penske on Q1 2018 Results – Earnings Call Transcript” with a publish date: April 26, 2018, “Congress slaps down CFPB’s auto lending guidance” and the last “Investor Expectations to Drive Momentum within Aerohive Networks, M/I Homes, bluebird bio, Penske Automotive …” with publication date: May 15, 2018.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: