In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Hold rating on Group 1 Automotive (GPI), with a price target of $67. The company’s shares opened today at $70.08.
According to TipRanks.com, Sinkevicius is a 2-star analyst with an average return of 0.6% and a 52.7% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and American Axle.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Group 1 Automotive with a $79.75 average price target.
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Based on Group 1 Automotive’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $29.61 million. In comparison, last year the company had a net profit of $34.61 million.
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Group 1 Automotive, Inc. engages in the automotive retailing industry. It operates through the following geographical segments: U.S, the UK, and Brazil. It also sells new and used cars and light trucks; arranges related vehicle financing; sells service contracts; provides automotive maintenance and repair services; and sells vehicle parts.
