Penske Automotive Group Inc (NYSE: PAG) has reported earnings for its second fiscal quarter (ending June 30) of $3.61 versus $4.41 for the same period a year ago. E.P.S. were $13.57 for the latest four quarters through June 30 versus $17.54 for the same period a year ago.
Recent Price Action
Penske Automotive Group Inc (NYSE: PAG) stock closed at $174.11 on 7/31/24 after a very large increase of 5.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 244% of normal. The stock has risen 12.9% during the last week but has been weak relative to the market over the last nine months.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Penske Automotive Group has a slightly positive Appreciation Score of 69 but a poor Power Rating of 27, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment