Morgan Stanley Keeps a Buy Rating on Penske Automotive Group (PAG)


In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Buy rating on Penske Automotive Group (PAG), with a price target of $62. The company’s shares closed yesterday at $43.73, close to its 52-week low of $41.74.

According to TipRanks.com, Sinkevicius is a 2-star analyst with an average return of 0.0% and a 50.0% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Tenneco Automotive, Visteon Corp, and BorgWarner.

Currently, the analyst consensus on Penske Automotive Group is a Moderate Buy with an average price target of $58.33.

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Penske Automotive Group’s market cap is currently $3.71B and has a P/E ratio of 5.32. The company has a Price to Book ratio of 1.44.

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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.

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