Guggenheim analyst Ali Faghri reiterated a Buy rating on Penske Automotive Group (NYSE: PAG) yesterday and set a price target of $53. The company’s shares closed yesterday at $48.68.
According to TipRanks.com, Faghri is a 3-star analyst with an average return of 6.0% and a 64.2% success rate. Faghri covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Genuine Parts Company, and Advance Auto Parts.
Penske Automotive Group has an analyst consensus of Moderate Buy, with a price target consensus of $53, representing an 8.9% upside. In a report issued on July 10, Morgan Stanley also maintained a Buy rating on the stock.
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The company has a one-year high of $54.83 and a one-year low of $38.33. Currently, Penske Automotive Group has an average volume of 348.6K.
Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is neutral on the stock.
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Penske Automotive Group, Inc. is an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts and services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments and Other.
