Buckingham Research has downgraded shares of Penske from a buy rating to a neutral rating on Wednesday. The analysts at Stern Agee has also lowered the stock rating from buy to a neutral rating. Many analysts noted that the shift was a valuation call.
They now have a target price of $32.00 a share. Goldman Sachs shifted to a sell rating on Penske Automotive stock. Penske has a one year low of $17.96 and a one year high of $32.35. Penske Automotive has a market cap of $2.760 billion and a P/E ratio of 13.87.
The last time Penske updated their quarterly earning was on Tuesday, July 31st. They reported $0.55 earnings per share for the quarter beating out what analysts expected which was $.53 earning per share. If you compare the same quarter last year Penske Automotive’s revenue was up by 19.2%.
Analysis predicts that for the current fiscal years Penske Automotive will post $2.20 earnings per share. For ore information on Penske Automotive Click Here.
Summarized by: Angel Cruz