Group 1 Automotive (NYSE:GPI) Downgraded by ValuEngine

ValuEngine cut shares of Group 1 Automotive (NYSE:GPI) from a sell rating to a strong sell rating in a report released on Thursday, ValuEngine reports.

Several other equities analysts have also recently commented on GPI. Benchmark raised their price target on shares of Group 1 Automotive from $79.00 to $100.00 and gave the company a buy rating in a research report on Friday, June 26th. Zacks Investment Research raised their price target on shares of Group 1 Automotive to $70.75 in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of Group 1 Automotive from $94.00 to $95.00 and gave the company an overweight rating in a research report on Wednesday, July 8th. Finally, Morgan Stanley lifted their price objective on shares of Group 1 Automotive from $84.00 to $87.00 and gave the stock an overweight rating in a research report on Friday, July 10th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. Group 1 Automotive currently has an average rating of Hold and an average price target of $95.25.

Shares of NYSE:GPI traded down $5.85 during mid-day trading on Thursday, reaching $84.02. 354,382 shares of the company were exchanged, compared to its average volume of 268,393. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.03 and a quick ratio of 0.15. Group 1 Automotive has a 1 year low of $26.25 and a 1 year high of $110.11. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 10.70, a P/E/G ratio of 3.51 and a beta of 2.22. The firm’s 50-day simple moving average is $70.02 and its 200 day simple moving average is $70.21.

Group 1 Automotive (NYSE:GPI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $3.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $2.86. Group 1 Automotive had a net margin of 1.31% and a return on equity of 17.34%. The company had revenue of $2.13 billion during the quarter, compared to analysts’ expectations of $2.06 billion. On average, research analysts forecast that Group 1 Automotive will post 7.27 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. purchased a new position in shares of Group 1 Automotive in the first quarter valued at $33,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Group 1 Automotive in the fourth quarter worth about $42,000. PNC Financial Services Group Inc. boosted its holdings in shares of Group 1 Automotive by 34.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,306 shares of the company’s stock worth $58,000 after buying an additional 333 shares during the period. Denali Advisors LLC acquired a new stake in shares of Group 1 Automotive during the first quarter worth approximately $62,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Group 1 Automotive by 4,985.7% during the first quarter. Tower Research Capital LLC TRC now owns 1,424 shares of the company’s stock worth $63,000 after purchasing an additional 1,396 shares during the period.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It has operations primarily in the metropolitan areas in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New Mexico, Oklahoma, South Carolina, and Texas in the United States; 32 towns in the United Kingdom; and metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul, and Santa Catarina, Brazil.

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Analyst Recommendations for Group 1 Automotive (NYSE:GPI)

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