Somewhat Positive News Coverage Somewhat Unlikely to Impact Group 1 Automotive (GPI) Stock Price
News headlines about Group 1 Automotive (NYSE:GPI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Group 1 Automotive earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.4227508255328 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Group 1 Automotive Presents at the KeyBanc Capital Markets Consumer Conference in New York City (prnewswire.com)
- Group 1 Automotive, Inc. :GPI-US: Earnings Analysis: Q3, 2017 By the Numbers : December 5, 2017 (finance.yahoo.com)
- Form 4 GROUP 1 AUTOMOTIVE INC For: Nov 29 Filed by: Grese Frank (streetinsider.com)
- Senior Vice President, HR of Group 1 Automotive Inc (NYSE:GPI), Grese Frank, sells 3,754 shares worth $313,020 (empowerednews.net)
- Group 1 Automotive, Inc. : GPI-US: Dividend Analysis : December 01st, 2017 (record date) : By the numbers : December 1, 2017 (finance.yahoo.com)
Several equities analysts recently issued reports on GPI shares. TheStreet lowered shares of Group 1 Automotive from a “b-” rating to a “c+” rating in a report on Thursday, August 17th. Goldman Sachs Group upgraded shares of Group 1 Automotive from a “sell” rating to a “neutral” rating and boosted their target price for the company from $56.00 to $67.00 in a report on Thursday, September 7th. Zacks Investment Research lowered shares of Group 1 Automotive from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Berenberg Bank initiated coverage on shares of Group 1 Automotive in a report on Wednesday, October 4th. They set a “hold” rating and a $77.00 price objective on the stock. Finally, KeyCorp reiterated a “hold” rating on shares of Group 1 Automotive in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $79.00.
Group 1 Automotive (NYSE GPI) opened at $79.62 on Thursday. 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 cap of $1,720.66, a PE ratio of 11.19, a PEG ratio of 1.59 and a beta of 1.69. The company has a current ratio of 1.05, a quick ratio of 0.27 and a debt-to-equity ratio of 1.28.
Group 1 Automotive (NYSE:GPI) last announced its quarterly earnings data on Thursday, October 26th. The company reported $2.23 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.47. Group 1 Automotive had a net margin of 1.20% and a return on equity of 15.69%. The firm had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the prior year, the business earned $1.96 earnings per share. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. sell-side analysts forecast that Group 1 Automotive will post 7.41 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.00 annualized dividend and a dividend yield of 1.26%. This is a positive change from Group 1 Automotive’s previous quarterly dividend of $0.24. Group 1 Automotive’s dividend payout ratio is currently 15.90%.
In related news, CFO John C. Rickel sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $66.99, for a total value of $669,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Peter C. Delongchamps sold 884 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $81.10, for a total transaction of $71,692.40. Following the completion of the sale, the vice president now owns 40,812 shares in the company, valued at approximately $3,309,853.20. The disclosure for this sale can be found here. Insiders have sold 66,694 shares of company stock worth $5,189,106 in the last quarter. Company insiders own 6.08% of the company’s stock.
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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.
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