Recent exceptional positive changes in investment behavior have benefitted Penske Automotive Group Inc (NYSE: PAG): the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.
Penske Automotive Group Inc (NYSE: PAG) has benefited from small positive changes in fundamentals: significant quarterly earnings acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PAG is expected to continue to be an important Value Builder.
Penske Automotive Group has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Penske Automotive Group has a good Appreciation Score of 73 but a poor Power Rating of 26, producing the Neutral Value Trend Rating.
Recent Price Action
Penske Automotive Group Inc (NYSE: PAG) stock closed at $160.99 on 7/17/24 after a slight decline of -0.6%. Trading volume in this decline was normal. The stock has risen 11.7% during the last week but has been weak relative to the market over the last nine months.
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