Penske Automotive Group Inc. (NYSE:PAG) has a beta value of 1.61 and has seen 0.31 million shares traded in the last trading session. The company, currently valued at $7.13B, closed the last trade at $87.79 per share which meant it lost -$1.03 on the day or -1.16% during that session. The PAG stock price is -6.45% off its 52-week high price of $93.45 and 48.08% above the 52-week low of $45.58. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.36 million shares traded. The 3-month trading volume is 317.74K shares.
The consensus among analysts is that Penske Automotive Group Inc. (PAG) is an Overweight stock at the moment, with a recommendation rating of 2.20. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 6 out of 11 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $3.41.
Penske Automotive Group Inc. (NYSE:PAG) trade information
Sporting -1.16% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the PAG stock price touched $87.79 or saw a rise of 3.82%. Year-to-date, Penske Automotive Group Inc. shares have moved 47.82%, while the 5-day performance has seen it change -2.03%. Over the past 30 days, the shares of Penske Automotive Group Inc. (NYSE:PAG) have changed 0.07%. Short interest in the company has seen 2.1 million shares shorted with days to cover at 6.2.
Wall Street analysts have a consensus price target for the stock at $111.43, which means that the shares’ value could jump 21.22% from current levels. The projected low price target is $90.00 while the price target rests at a high of $141.00. In that case, then, we find that the current price level is -60.61% off the targeted high while a plunge would see the stock gain -2.52% from current levels.
Penske Automotive Group Inc. (PAG) estimates and forecasts
Figures show that Penske Automotive Group Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained 9.66% over the past 6 months, with this year growth rate of 97.29%, compared to 48.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 11.10% and 14.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 27.50%.
6 analysts offering their estimates for the company have set an average revenue estimate of $6.93 billion for the current quarter. 6 have an estimated revenue figure of $6.7 billion for the next quarter concluding in Dec 2021. Year-ago sales stood $5.5 billion and $5.81 billion respectively for this quarter and the next, and analysts expect sales will grow by 26.00% for the current quarter and 15.20% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 12.90% over the past 5 years. Earnings growth for 2021 is a modest 27.70% while over the next 5 years, the company’s earnings are expected to increase by 9.50%.
Penske Automotive Group Inc. is expected to release its next earnings report between October 20 and October 25 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.80 at a share yield of 2.05%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.73%.
Penske Automotive Group Inc. (NYSE:PAG)’s Major holders
Insiders own 18.47% of the company shares, while shares held by institutions stand at 79.00% with a share float percentage of 96.90%. Investors are also buoyed by the number of investors in a company, with Penske Automotive Group Inc. having a total of 377 institutions that hold shares in the company. The top two institutional holders are Dimensional Fund Advisors LP with over 3.81 million shares worth more than $287.79 million. As of Jun 29, 2021, Dimensional Fund Advisors LP held 4.75% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 2.99 million shares as of Jun 29, 2021. The firm’s total holdings are worth over $225.88 million and represent 3.72% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are American Century Small Cap Value Fund and DFA U.S. Small Cap Value Series. As of Jun 29, 2021, the former fund manager holds about 2.02% shares in the company for having 1.62 million shares of worth $122.67 million while later fund manager owns 1.08 million shares of worth $94.98 million as of Apr 29, 2021, which makes it owner of about 1.35% of company’s outstanding stock.