Extremely significant positive changes in Penske Automotive Group Inc (NYSE: PAG) investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and its shorter term price trend turned up.
Recent slight positive changes in fundamentals have benefitted Penske Automotive Group Inc (NYSE: PAG): significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
PAG’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Penske Automotive Group has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Penske Automotive Group has a neutral Appreciation Score of 60 but a good Power Rating of 78, and the Positive Value Trend Rating results.
Recent Price Action
Penske Automotive Group Inc (NYSE: PAG) stock closed at $162.31 on 12/19/23 after an increase of 1.4%. However, below average trading volume at 82% of normal accompanied the advance. The stock has risen 7.2% during the last week and has been strong relative to the market over the last nine months.
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