News articles about Penske Automotive Group (NYSE:PAG) have trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Penske Automotive Group earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.1305357681625 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment’s scoring:

PAG has been the subject of several recent research reports. Northcoast Research initiated coverage on Penske Automotive Group in a research report on Thursday, September 28th. They issued a “buy” rating and a $56.00 price target for the company. ValuEngine raised Penske Automotive Group from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Berenberg Bank initiated coverage on Penske Automotive Group in a research report on Wednesday, October 4th. They issued a “hold” rating and a $52.00 price target for the company. KeyCorp reissued a “hold” rating on shares of Penske Automotive Group in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised Penske Automotive Group from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $55.71.

Penske Automotive Group (NYSE PAG) traded up $0.31 on Thursday, hitting $48.52. The stock had a trading volume of 433,100 shares, compared to its average volume of 502,800. The company has a market cap of $4,170.00, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.61 and a beta of 1.46. The company has a current ratio of 1.04, a quick ratio of 0.23 and a debt-to-equity ratio of 1.03. Penske Automotive Group has a 52-week low of $38.33 and a 52-week high of $55.26.

Penske Automotive Group (NYSE:PAG) last announced its earnings results on Wednesday, October 25th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.02. Penske Automotive Group had a return on equity of 18.68% and a net margin of 1.75%. The company had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.33 billion. During the same period in the prior year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. research analysts forecast that Penske Automotive Group will post 4.3 earnings per share for the current fiscal year.

Penske Automotive Group declared that its Board of Directors has initiated a stock buyback plan on Wednesday, October 25th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

In related news, EVP Shane M. Spradlin sold 3,188 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $47.41, for a total transaction of $151,143.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Corp Penske bought 1,103,996 shares of Penske Automotive Group stock in a transaction that occurred on Friday, October 20th. The shares were acquired at an average cost of $45.29 per share, for a total transaction of $49,999,978.84. Following the completion of the transaction, the insider now directly owns 11,564,576 shares in the company, valued at $523,759,647.04. The disclosure for this purchase can be found here. Corporate insiders own 40.70% of the company’s stock.

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Penske Automotive Group Company Profile

Penske Automotive Group, Inc is an international transportation services company. The Company operates automotive and commercial truck dealerships principally in the United States, Canada and Western Europe, and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services principally in Australia and New Zealand.

Insider Buying and Selling by Quarter for Penske Automotive Group (NYSE:PAG)

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