Penske Automotive Group, Inc. C (NYSE:PAG):
Penske Automotive Increases Dividend.
The company is so far trading up by 1.92 percent from yesterday’s close.
Additionally the company declared a dividend for shareholders to be paid on Thursday December 1st, 2016. The dividend payment will be $0.290 per share for the quarter or $1.16 on an annualized basis. This dividend amount will represent a yeild of $2.61. The ex-dividend date will be on Monday August 8th, 2016.
It is trading at $44.14 which is just under $47.08, the 50 day moving average and barely above the 200 day moving average of $40.24. The 50 day moving average was down $-2.94 or -6.25% whereas the 200 day average was up by +9.69%.
Penske Automotive Group, Inc. C’s P/E ratio is 11.60 and the market cap is 3.76B. In the last earnings report the EPS was $3.81 and is projected to be $3.90 for the current year with 85,199,000 shares outstanding. Next quarter’s EPS is forecasted at $0.95 with next year’s EPS anticipated to be $4.23.
Ratings analysts have released ratings on the company recently. On October 13 the company was downgraded from “” to “Sell” by analysts at Evercore ISI Group. On September 15 the company was rated “Hold” by Gabelli & Co. which was a cut from the previous “” rating.
On June 28, 2016 the stock rating was set at “Sector Perform” in a report from KeyBanc a cut from the previous “Overweight” rating. July 16 investment analysts at KeyBanc kept the company rating at “Overweight” but moved up the price target to $58.00 from $56.00.
On July 15 analysts at CL King started coverage with a rating of “Buy” and price target of $60.00. Goldman Sachs downgraded the stock and lowered the price target on April 30 cutting the price target from $44.00 to $43.00 and cutting the rating from “Neutral” to “Sell”.