Shares of Group 1 Automotive, Inc. (NYSE:GPI – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $441.25.
Several analysts recently weighed in on GPI shares. Benchmark upgraded Group 1 Automotive from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a report on Monday, March 30th. Barclays boosted their target price on shares of Group 1 Automotive from $455.00 to $470.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Bank of America started coverage on shares of Group 1 Automotive in a report on Wednesday, March 4th. They issued a “buy” rating for the company. Citigroup boosted their target price on shares of Group 1 Automotive from $420.00 to $462.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Group 1 Automotive from $385.00 to $390.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th.
Check Out Our Latest Analysis on Group 1 Automotive
Hedge Funds Weigh In On Group 1 Automotive
Group 1 Automotive Stock Performance
GPI stock opened at $306.85 on Thursday. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.21. The business has a 50-day moving average price of $332.11 and a 200 day moving average price of $357.54. The company has a market capitalization of $3.65 billion, a P/E ratio of 11.72, a PEG ratio of 0.71 and a beta of 0.81. Group 1 Automotive has a 1-year low of $292.44 and a 1-year high of $488.39.
Group 1 Automotive (NYSE:GPI – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing the consensus estimate of $8.82 by ($0.16). The firm had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.17 earnings per share. As a group, equities research analysts forecast that Group 1 Automotive will post 42.37 EPS for the current fiscal year.
Group 1 Automotive Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.55 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.20 dividend on an annualized basis and a yield of 0.7%. Group 1 Automotive’s payout ratio is currently 8.40%.
About Group 1 Automotive
Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.
Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.
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