Penske Automotive Group (NYSE:PAG) Earning Somewhat Positive News Coverage, Study Shows

News articles about Penske Automotive Group (NYSE:PAG) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Penske Automotive Group earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2334754904809 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

PAG has been the topic of several recent analyst reports. ValuEngine lowered shares of Penske Automotive Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. Gabelli upgraded shares of Penske Automotive Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Thursday, April 27th. BidaskClub upgraded shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded shares of Penske Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $46.00 price target (down from $54.00) on shares of Penske Automotive Group in a research note on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Penske Automotive Group presently has a consensus rating of “Hold” and an average target price of $52.67.

Penske Automotive Group (NYSE:PAG) opened at 40.85 on Friday. The firm has a 50-day moving average of $43.37 and a 200 day moving average of $46.24. Penske Automotive Group has a 52 week low of $40.37 and a 52 week high of $56.05. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 9.74 and a beta of 1.48.

Penske Automotive Group (NYSE:PAG) last posted its quarterly earnings data on Thursday, July 27th. The company reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. Penske Automotive Group had a return on equity of 19.13% and a net margin of 1.75%. The company had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.44 billion. During the same period in the previous year, the business earned $1.11 EPS. Penske Automotive Group’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Penske Automotive Group will post $4.31 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Thursday, August 10th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.13%. This is an increase from Penske Automotive Group’s previous quarterly dividend of $0.31. The ex-dividend date is Tuesday, August 8th. Penske Automotive Group’s payout ratio is 30.55%.

In other news, EVP Claude H. Denker III sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $41.27, for a total value of $206,350.00. Following the completion of the sale, the executive vice president now directly owns 22,243 shares in the company, valued at approximately $917,968.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robert H. Kurnick, Jr. sold 11,172 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $42.48, for a total value of $474,586.56. Following the completion of the sale, the president now owns 89,405 shares of the company’s stock, valued at $3,797,924.40. The disclosure for this sale can be found here. Insiders sold a total of 18,072 shares of company stock valued at $763,853 over the last quarter. Company insiders own 40.70% of the company’s stock.

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About Penske Automotive Group

Penske Automotive Group, Inc is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.

Insider Buying and Selling by Quarter for Penske Automotive Group (NYSE:PAG)

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