GP Strategies (NYSE:GPX)‘s stock had its “hold” rating reaffirmed by B. Riley in a research note issued to investors on Tuesday. They currently have a $24.50 price target on the stock. B. Riley’s target price suggests a potential upside of 6.52% from the company’s current price.

Several other analysts have also recently commented on GPX. BidaskClub upgraded GP Strategies from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Zacks Investment Research cut GP Strategies from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, TheStreet cut GP Strategies from a “b-” rating to a “c” rating in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. GP Strategies presently has an average rating of “Hold” and a consensus target price of $29.17.

Shares of GP Strategies (GPX) traded up $0.20 during trading hours on Tuesday, reaching $23.00. The company’s stock had a trading volume of 69,400 shares, compared to its average volume of 34,108. GP Strategies has a 52-week low of $22.30 and a 52-week high of $31.25. The company has a market capitalization of $382.67, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.41 and a beta of 0.83. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

GP Strategies (NYSE:GPX) last announced its earnings results on Thursday, November 2nd. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.26 by $0.03. The company had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $125.01 million. GP Strategies had a return on equity of 12.16% and a net margin of 3.95%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. equities research analysts forecast that GP Strategies will post 1.08 earnings per share for the current fiscal year.

GP Strategies announced that its Board of Directors has approved a stock repurchase program on Wednesday, November 22nd that allows the company to buyback $10.00 million in outstanding shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Several hedge funds have recently made changes to their positions in the company. Northpointe Capital LLC acquired a new position in shares of GP Strategies during the third quarter valued at $5,628,000. Russell Investments Group Ltd. lifted its stake in shares of GP Strategies by 57.4% during the second quarter. Russell Investments Group Ltd. now owns 335,961 shares of the company’s stock valued at $8,870,000 after acquiring an additional 122,523 shares during the period. NWQ Investment Management Company LLC lifted its stake in shares of GP Strategies by 8.9% during the third quarter. NWQ Investment Management Company LLC now owns 1,264,418 shares of the company’s stock valued at $39,007,000 after acquiring an additional 103,140 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of GP Strategies by 9.7% during the third quarter. Neuberger Berman Group LLC now owns 570,797 shares of the company’s stock valued at $17,609,000 after acquiring an additional 50,636 shares during the period. Finally, Royce & Associates LP lifted its stake in shares of GP Strategies by 30.7% during the second quarter. Royce & Associates LP now owns 194,271 shares of the company’s stock valued at $5,129,000 after acquiring an additional 45,605 shares during the period. Institutional investors own 88.87% of the company’s stock.

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About GP Strategies

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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