GP Strategies Corporation (GPX) Receives Average Recommendation of “Hold” from Analysts
Shares of GP Strategies Corporation (NYSE:GPX) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $29.50.
A number of research analysts recently issued reports on GPX shares. TheStreet upgraded shares of GP Strategies Corporation from a “c+” rating to a “b-” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, July 31st. BidaskClub upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. ValuEngine upgraded shares of GP Strategies Corporation from a “hold” rating to a “buy” rating in a report on Friday, July 28th. Finally, B. Riley set a $27.00 price objective on shares of GP Strategies Corporation and gave the company a “hold” rating in a report on Tuesday, October 31st.
In other GP Strategies Corporation news, Director Marshall S. Geller sold 7,691 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $28.59, for a total transaction of $219,885.69. Following the completion of the transaction, the director now owns 141,051 shares in the company, valued at approximately $4,032,648.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider David A. Gugala sold 6,732 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $28.28, for a total transaction of $190,380.96. Following the transaction, the insider now owns 8,810 shares of the company’s stock, valued at approximately $249,146.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,317 shares of company stock valued at $521,791. Company insiders own 25.70% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GPX. American International Group Inc. raised its holdings in GP Strategies Corporation by 7.0% during the 1st quarter. American International Group Inc. now owns 7,838 shares of the company’s stock worth $198,000 after purchasing an additional 516 shares during the last quarter. First Interstate Bank raised its holdings in GP Strategies Corporation by 102.2% during the 2nd quarter. First Interstate Bank now owns 7,785 shares of the company’s stock worth $206,000 after purchasing an additional 3,935 shares during the last quarter. Alliancebernstein L.P. bought a new position in GP Strategies Corporation during the 2nd quarter worth approximately $214,000. Susquehanna International Group LLP bought a new position in GP Strategies Corporation during the 2nd quarter worth approximately $222,000. Finally, Bessemer Group Inc. raised its holdings in GP Strategies Corporation by 24.7% during the 2nd quarter. Bessemer Group Inc. now owns 8,950 shares of the company’s stock worth $236,000 after purchasing an additional 1,770 shares during the last quarter. Hedge funds and other institutional investors own 89.29% of the company’s stock.
GP Strategies Corporation (NYSE:GPX) opened at $27.25 on Friday. The stock has a market cap of $457.36, a P/E ratio of 21.29, a P/E/G ratio of 1.43 and a beta of 0.92. GP Strategies Corporation has a fifty-two week low of $22.70 and a fifty-two week high of $31.25. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12.
GP Strategies Corporation (NYSE:GPX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $124.10 million during the quarter, compared to analyst estimates of $125.01 million. GP Strategies Corporation had a net margin of 3.95% and a return on equity of 12.44%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.29 EPS. equities analysts expect that GP Strategies Corporation will post 1.27 earnings per share for the current year.
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About GP Strategies Corporation
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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