Group 1 Automotive (GPI) Lowered to “Hold” at ValuEngine

ValuEngine lowered shares of Group 1 Automotive (NYSE:GPI) from a buy rating to a hold rating in a report published on Tuesday morning.

Several other brokerages also recently weighed in on GPI. Zacks Investment Research raised Group 1 Automotive from a hold rating to a strong-buy rating and set a $92.00 price target for the company in a report on Wednesday, January 31st. Bank of America increased their price target on Group 1 Automotive from $103.00 to $105.00 and gave the stock a buy rating in a report on Friday, February 9th. Morgan Stanley increased their price target on Group 1 Automotive from $53.00 to $62.00 and gave the stock an underweight rating in a report on Wednesday, March 14th. Finally, Buckingham Research raised Group 1 Automotive from a neutral rating to a buy rating and set a $89.00 price target for the company in a report on Friday, January 5th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Group 1 Automotive currently has an average rating of Hold and a consensus target price of $83.00.

How to Become a New Pot Stock Millionaire

Shares of Group 1 Automotive (NYSE:GPI) opened at $65.39 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.26 and a debt-to-equity ratio of 1.17. Group 1 Automotive has a fifty-two week low of $51.62 and a fifty-two week high of $84.47. The firm has a market capitalization of $1,523.41, a price-to-earnings ratio of 6.46, a P/E/G ratio of 1.12 and a beta of 1.75.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Group 1 Automotive had a return on equity of 15.85% and a net margin of 1.89%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the company earned $1.74 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. analysts anticipate that Group 1 Automotive will post 9.28 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st were given a $0.26 dividend. This is a boost from Group 1 Automotive’s previous quarterly dividend of $0.25. The ex-dividend date was Wednesday, February 28th. This represents a $1.04 annualized dividend and a yield of 1.59%. Group 1 Automotive’s dividend payout ratio is presently 10.28%.

In other Group 1 Automotive news, CEO Earl J. Hesterberg sold 19,500 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $74.69, for a total value of $1,456,455.00. Following the completion of the transaction, the chief executive officer now owns 156,316 shares in the company, valued at $11,675,242.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Earl J. Hesterberg sold 10,640 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $74.44, for a total value of $792,041.60. Following the completion of the transaction, the chief executive officer now owns 165,010 shares of the company’s stock, valued at approximately $12,283,344.40. The disclosure for this sale can be found here. Insiders sold 152,398 shares of company stock valued at $11,763,108 in the last quarter. 6.08% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Group 1 Automotive in the fourth quarter worth $119,000. Amalgamated Bank purchased a new position in Group 1 Automotive in the fourth quarter worth $203,000. Trilogy Capital Inc. purchased a new position in Group 1 Automotive in the fourth quarter worth $206,000. MANA Advisors LLC purchased a new position in Group 1 Automotive in the fourth quarter worth $213,000. Finally, Cornerstone Capital Management Holdings LLC. purchased a new position in Group 1 Automotive in the fourth quarter worth $248,000. Hedge funds and other institutional investors own 97.57% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by Stock Observer and is the property of of Stock Observer. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.thestockobserver.com/2018/03/21/group-1-automotive-gpi-lowered-to-hold-at-valuengine.html.

About Group 1 Automotive

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

Receive News & Ratings for Group 1 Automotive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Group 1 Automotive and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply