Morgan Stanley analyst Armintas Sinkevicius maintained a Buy rating on Group 1 Automotive (GPI) today and set a price target of $105.00. The company’s shares closed last Monday at $87.70, close to its 52-week high of $94.27.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -3.1% and a 42.9% success rate. Sinkevicius covers the Services sector, focusing on stocks such as Penske Automotive Group, Sonic Automotive, and Lithia Motors.
Currently, the analyst consensus on Group 1 Automotive is a Moderate Buy with an average price target of $98.67.
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Group 1 Automotive’s market cap is currently $1.63B and has a P/E ratio of 10.84. The company has a Price to Book ratio of 1.40.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GPI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.