Group 1 Automotive, Inc. (NYSE:GPI) Given Consensus Recommendation of “Buy” by Brokerages

Group 1 Automotive, Inc. (NYSE:GPI) has earned a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $84.00.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Group 1 Automotive from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. Buckingham Research cut shares of Group 1 Automotive from a “buy” rating to a “neutral” rating and raised their price target for the stock from $72.00 to $83.00 in a report on Friday, April 26th. Morgan Stanley raised their price target on shares of Group 1 Automotive from $55.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 16th. Zacks Investment Research upgraded shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a report on Tuesday, April 16th. Finally, Goldman Sachs Group upgraded shares of Group 1 Automotive from a “neutral” rating to a “buy” rating and raised their price target for the stock from $67.00 to $77.00 in a report on Monday, March 4th.

In related news, insider Michael David Jones sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $77.76, for a total transaction of $194,400.00. Following the transaction, the insider now owns 13,921 shares of the company’s stock, valued at $1,082,496.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frank Grese sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $78.45, for a total transaction of $392,250.00. The disclosure for this sale can be found here. Company insiders own 6.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of GPI. Quantamental Technologies LLC bought a new position in shares of Group 1 Automotive in the first quarter valued at approximately $37,000. Denali Advisors LLC bought a new position in Group 1 Automotive during the first quarter worth $58,000. Investors Research Corp bought a new position in Group 1 Automotive during the first quarter worth $84,000. 6 Meridian bought a new position in Group 1 Automotive during the first quarter worth $224,000. Finally, AlphaCrest Capital Management LLC bought a new position in Group 1 Automotive during the fourth quarter worth $258,000. 99.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of GPI opened at $81.89 on Friday. Group 1 Automotive has a one year low of $48.69 and a one year high of $82.39. The stock has a 50-day moving average price of $76.66. The firm has a market capitalization of $1.52 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 1.52 and a beta of 1.78. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.23 and a current ratio of 1.00.

Group 1 Automotive (NYSE:GPI) last posted its quarterly earnings results on Thursday, April 25th. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.81 by $0.25. The business had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Group 1 Automotive had a net margin of 1.38% and a return on equity of 15.56%. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.70 earnings per share. On average, sell-side analysts forecast that Group 1 Automotive will post 10.03 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, May 31st. Group 1 Automotive’s dividend payout ratio is currently 11.67%.

About Group 1 Automotive

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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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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