Morgan Stanley analyst Armintas Sinkevicius maintained a Buy rating on Penske Automotive Group (NYSE: PAG) today and set a price target of $61. The company’s shares closed yesterday at $51.07.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -0.8% and a 31.6% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Tenneco Automotive, and Visteon Corp.
Penske Automotive Group has an analyst consensus of Moderate Buy, with a price target consensus of $59.50.
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Based on Penske Automotive Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $135 million. In comparison, last year the company had a net profit of $106 million.
Based on the recent corporate insider activity of 24 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.
