Penske Automotive Group, Inc. (NYSE:PAG) Stock Has Consensus Target Price of $214.86

Penske Automotive Group, Inc. (NYSE:PAG) has been given a consensus recommendation of “Hold” by the ten ratings firms that are covering the stock, Marketbeat reports. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $214.86.

PAG has been the topic of a number of recent analyst reports. Weiss Ratings downgraded Penske Automotive Group from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, November 2nd. JPMorgan Chase & Co. decreased their price objective on Penske Automotive Group from $215.00 to $210.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Stephens raised their price objective on Penske Automotive Group from $166.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Citigroup downgraded Penske Automotive Group from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $199.00 to $210.00 in a research note on Thursday, July 23rd. Finally, Morgan Stanley boosted their target price on Penske Automotive Group from $210.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Monday, November 9th.

Penske Automotive Group Stock Down 0.5%

Shares of Penske Automotive Group stock traded down $1.01 on Thursday, reaching $212.24. The stock had a trading volume of 452,556 shares, compared to its average volume of 470,062. The company has a quick ratio of 0.21, a current ratio of 0.98 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $13.94 billion, a P/E ratio of 15.48 and a beta of 0.92. The company has a 50 day moving average price of $209.58 and a 200 day moving average price of $185.25. Penske Automotive Group has a 1 year low of $140.12 and a 1 year high of $227.00.

Penske Automotive Group (NYSE:PAG) last posted its earnings results on Wednesday, October 28th. The company reported $3.36 EPS for the quarter, missing analysts’ consensus estimates of $3.37 by ($0.01). The firm had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.14 billion. Penske Automotive Group had a net margin of 2.77% and a return on equity of 14.82%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the company earned $3.23 EPS. As a group, equities research analysts forecast that Penske Automotive Group will post 13.39 EPS for the current year.

Penske Automotive Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Friday, November 13th will be issued a $1.46 dividend. This is a boost from Penske Automotive Group’s previous quarterly dividend of $1.44. This represents a $5.84 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Friday, November 13th. Penske Automotive Group’s dividend payout ratio is 42.01%.

Hedge Funds Weigh In On Penske Automotive Group

Hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC increased its holdings in Penske Automotive Group by 15.1% during the 1st quarter. Parallel Advisors LLC now owns 441 shares of the company’s stock worth $66,000 after purchasing an additional 58 shares during the period. Bessemer Group Inc. boosted its stake in shares of Penske Automotive Group by 8.5% in the 1st quarter. Bessemer Group Inc. now owns 830 shares of the company’s stock valued at $124,000 after buying an additional 65 shares during the period. Global Retirement Partners LLC boosted its stake in shares of Penske Automotive Group by 22.2% in the 3rd quarter. Global Retirement Partners LLC now owns 363 shares of the company’s stock valued at $73,000 after buying an additional 66 shares during the period. Pictet Asset Management Holding SA grew its position in shares of Penske Automotive Group by 2.4% during the third quarter. Pictet Asset Management Holding SA now owns 2,804 shares of the company’s stock worth $562,000 after buying an additional 67 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Penske Automotive Group by 6.1% during the third quarter. Voya Investment Management LLC now owns 1,434 shares of the company’s stock worth $287,000 after buying an additional 83 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Key Penske Automotive Group News

These are some of the PAG news items that stood out recently:

• Neutral Sentiment: Penske Automotive Group’s average analyst price target was reported at $214.86, close to the $212.24 reference price in the provided market data, indicating limited implied upside at that level. Article: Penske Automotive Group, Inc. (NYSE:PAG) Stock Has Average Target Price of $214.86
• Negative Sentiment: Zacks Research cut estimates for multiple periods, including FY2027 EPS to $13.61 from $14.15 and FY2028 EPS to $14.17 from $15.03. It also lowered forecasts for Q4 2026 and several 2027–2028 quarters. While its Q2 2027 estimate edged up by one cent to $3.56, the overall pattern of revisions is negative for earnings expectations and could pressure PAG shares. Penske Automotive Group analyst estimate updates

Penske Automotive Group Company Profile

Penske Automotive Group is an international automotive and commercial vehicle retailer. The company operates franchised dealerships that sell new and used vehicles, along with parts and maintenance, repair, financing and insurance services. Its automotive dealerships represent a range of manufacturers, with a focus on premium and luxury brands. Penske also operates commercial truck dealerships, which sell new and used trucks and provide parts and service to business customers. Founded by Roger Penske, the company serves customers primarily in the United States and also has operations in several international markets, including the United Kingdom, Germany, Italy, Australia and Japan.