Group 1 Automotive, Inc. (GPI) Rating Reiterated by KeyCorp
Group 1 Automotive, Inc. (NYSE:GPI)‘s stock had its “hold” rating reiterated by investment analysts at KeyCorp in a report issued on Wednesday.
A number of other equities analysts have also recently issued reports on GPI. Berenberg Bank started coverage on Group 1 Automotive in a report on Wednesday. They set a “hold” rating and a $77.00 price target on the stock. TheStreet downgraded shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a research report on Thursday, August 17th. BidaskClub lowered shares of Group 1 Automotive from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Goldman Sachs Group, Inc. (The) upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $56.00 to $67.00 in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $71.80.
Group 1 Automotive (GPI) traded down 0.88% on Wednesday, hitting $73.31. 71,013 shares of the stock traded hands. Group 1 Automotive has a 1-year low of $51.62 and a 1-year high of $83.18. The stock has a 50-day moving average price of $63.04 and a 200 day moving average price of $63.77. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 11.27 and a beta of 1.63.
Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, July 27th. The company reported $1.87 EPS for the quarter, missing the consensus estimate of $1.99 by ($0.12). Group 1 Automotive had a return on equity of 15.73% and a net margin of 1.26%. The business had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same period in the prior year, the business earned $2.16 EPS. The company’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, analysts anticipate that Group 1 Automotive will post $7.07 EPS for the current fiscal year.
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In other news, CFO John C. Rickel sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $66.99, for a total transaction of $669,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.00% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors grew its position in Group 1 Automotive by 40.1% in the 1st quarter. Nationwide Fund Advisors now owns 22,515 shares of the company’s stock valued at $1,668,000 after purchasing an additional 6,449 shares during the period. Russell Investments Group Ltd. increased its stake in Group 1 Automotive by 854.4% during the 1st quarter. Russell Investments Group Ltd. now owns 17,761 shares of the company’s stock valued at $1,315,000 after purchasing an additional 15,900 shares in the last quarter. US Bancorp DE increased its stake in Group 1 Automotive by 7.4% during the 1st quarter. US Bancorp DE now owns 4,695 shares of the company’s stock valued at $348,000 after purchasing an additional 325 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Group 1 Automotive by 6.1% during the 1st quarter. Bank of New York Mellon Corp now owns 333,199 shares of the company’s stock valued at $24,683,000 after purchasing an additional 19,279 shares in the last quarter. Finally, Comerica Bank increased its stake in Group 1 Automotive by 4.3% during the 1st quarter. Comerica Bank now owns 22,303 shares of the company’s stock valued at $1,671,000 after purchasing an additional 928 shares in the last quarter. Institutional investors own 97.67% of the company’s stock.
Group 1 Automotive Company Profile
Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.
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