Penske Automotive Group (PAG) has an average broker rating of 1.71, which is interpreted as a Buy, as rated by 7 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Penske Automotive Group (PAG) : 4 investment research analysts covering Penske Automotive Group (PAG) have an average price target of $53.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $54 and the lowest target is $51 for the short term. Analysts expect the variance to be within $1.5 of the average price.
For the current week, the company shares have a recommendation consensus of Buy.
Penske Automotive Group (NYSE:PAG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.04 and $37.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $38.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $38.75, notching a gain of 2.35% for the day. The total traded volume was 999,500 . The stock had closed at $37.86 on the previous day.
Penske Automotive Group, Inc. is a transportation services company that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Company distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Company operates in two segments: Retail Automotive, which includes the Companys retail automotive dealership operations and Other, which include the Companys retail commercial vehicle dealership operations, commercial vehicle distribution operations and its investments in non-automotive retail operations. The individual dealership operations of Retail Automotive segment operates in four geographic regions: Eastern, Central, Western United States and International. As of December 31, 2014, the Company operated 327 automotive retail franchises, of which 179 franchises are located in the United States and 148 franchises are located outside of the United States.