On Thursday, shares of Penske Automotive Group, Inc. (NYSE:PAG) marked $37.19 per share versus a previous $37.69 closing price. With having a -1.33% loss, an insight into the fundamental values of Penske Automotive Group, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. PAG showed a fall of -25.95% within its YTD performance, with highs and lows between $19.99 – $53.81 during the period of 52 weeks, compared to the simple moving average of -13.63% in the period of the last 200 days.
The Benchmark Company equity researchers changed the status of Penske Automotive Group, Inc. (NYSE: PAG) shares from “Hold” to a “Buy” rating in the report published on June 23rd, 2020. Other analysts, including Northcoast, also published their reports on PAG shares. Northcoast repeated the rating from the previous report, marking PAG under “Buy” rating, in the report published on April 27th, 2020. Additionally, PAG shares got another “Hold” rating from The Benchmark Company. On the other hand, JP Morgan Initiated the “Neutral” rating for PAG shares, as published in the report on February 19th, 2019. Seaport Global Securities seems to be going bullish on the price of PAG shares, based on the price prediction for PAG. Another “Neutral” rating came from Guggenheim.
The present dividend yield for PAG owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Penske Automotive Group, Inc., the company needs to provide a healthy cash flow, currently at the value of 10.57. In addition, the growth of sales from quarter to quarter is recording -10.00%, hinting the company’s progress in the upcoming progress.
In order to gain a clear insight on the performance of Penske Automotive Group, Inc. (PAG) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 14.40% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.20 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.
Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while PAG is currently recording an average of 445.99K in volumes. The volatility of the stock on monthly basis is set at 5.15%, while the weekly volatility levels are marked at 5.33%with -7.72% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $47.50, indicating growth from the present price of $37.19, which can represent yet another valuable research and analysis points that can help you decide whether to invest in PAG or pass.
Penske Automotive Group, Inc. (PAG) is based in the USA and it represents one of the well-known company operating with Consumer Cyclical sector. If you wish to compare PAG shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 7.86 for Penske Automotive Group, Inc., while the value 7.75 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 4.73 is supported by the yearly EPS growth of -4.40%.
Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 1.00%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 83.70% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.Are Institutional Investors Increasing Stakes in PAG Shares?
It appears that more than several institutional investors and hedge funds decided to increase stakes in PAG in the recent period. That is how Dimensional Fund Advisors LP now has an increase position in PAG by 3.05% in the first quarter, owning 4.07 million shares of PAG stocks, with the value of $145.61 million after the purchase of an additional 120,428 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in PAG shares changed 3.34% in the first quarter, which means that the company now owns 3.08 million shares of company, all valued at $110.1 million after the acquisition of additional 99,575 shares during the last quarter.
Burgundy Asset Management Ltd. acquired a new position in Penske Automotive Group, Inc. during the first quarter, with the value of $79 million, and Victory Capital Management, Inc. increased their stake in the company’s shares by 6.46% in the first quarter, now owning 133,650 shares valued at $78.72 million after the acquisition of the additional 2.2 million shares during the last quarter. In the end, American Century Investment Manag increased their position by 9.98% during the first quarter, now owning 965099 PAG shares, now holding the value of $34.51 million in PAG with the purchase of the additional 208,081 shares during the period of the last quarter. At the present, 83.70% of PAG shares are in the ownership of institutional investors.