Penske Automotive Group (PAG) Projected to Post Earnings on Thursday

Penske Automotive Group (NYSE:PAG) is expected to be announcing its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $3.37 per share and revenue of $7.60 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Penske Automotive Group Price Performance

Shares of Penske Automotive Group stock opened at $166.67 on Tuesday. The stock has a market capitalization of $11.13 billion, a P/E ratio of 12.77 and a beta of 1.20. The company has a current ratio of 0.91, a quick ratio of 0.20 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $160.07 and its 200 day moving average price is $160.19. Penske Automotive Group has a twelve month low of $142.32 and a twelve month high of $179.72.

Analysts Set New Price Targets

Separately, Benchmark began coverage on Penske Automotive Group in a report on Thursday, December 12th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Penske Automotive Group presently has a consensus rating of “Hold” and a consensus target price of $170.25.

About Penske Automotive Group

Penske Automotive Group, Inc, a diversified transportation services company, operates automotive and commercial truck dealerships worldwide. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments. It operates dealerships under franchise agreements with various automotive manufacturers and distributors.