Penske Automotive Group (PAG) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" PAG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAG, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued 1 year price targets for Penske Automotive Group's stock. Their PAG share price forecasts range from $88.00 to $182.00. On average, they predict the company's stock price to reach $140.00 in the next year. This suggests that the stock has a possible downside of 7.4%.
View analysts price targets for PAG or view top-rated stocks among Wall Street analysts.

Penske Automotive Group's stock was trading at $114.93 at the beginning of 2023. Since then, PAG shares have increased by 31.6% and is now trading at $151.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our PAG earnings forecast.

Penske Automotive Group, Inc. (NYSE:PAG) posted its earnings results on Wednesday, April, 26th. The company reported $4.31 EPS for the quarter, beating the consensus estimate of $4.03 by $0.28. The business earned $7.34 billion during the quarter, compared to the consensus estimate of $7.02 billion. Penske Automotive Group had a trailing twelve-month return on equity of 31.14% and a net margin of 4.65%. Penske Automotive Group's revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.76 EPS.

Penske Automotive Group declared a quarterly dividend on Thursday, May 11th. Investors of record on Monday, May 22nd will be paid a dividend of $0.66 per share on Thursday, June 1st. This represents a $2.64 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, May 19th. This is an increase from the stock's previous quarterly dividend of $0.61.
Read our dividend analysis for PAG.

ETFs with the largest weight of Penske Automotive Group (NYSE:PAG) stock in their portfolio include WBI BullBear Value 3000 ETF (WBIF), iShares Focused Value Factor ETF (FOVL), First Trust Dorsey Wright Momentum & Value ETF (DVLU), Cambria Value and Momentum ETF (VAMO), Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), Cambria Shareholder Yield ETF (SYLD), First Trust Consumer Discretionary AlphaDEX Fund (FXD) and SPDR S&P Retail ETF (XRT).

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 1.84%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 14.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 17.67% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PAG.

60 employees have rated Penske Automotive Group Chief Executive Officer Roger Penske on Glassdoor.com. Roger Penske has an approval rating of 98% among the company's employees. This puts Roger Penske in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Penske Automotive Group investors own include Salesforce (CRM), Alaska Air Group (ALK), Signet Jewelers (SIG), Intel (INTC), JPMorgan Chase & Co. (JPM), L Brands (LB), Schlumberger (SLB), AbbVie (ABBV), Walt Disney (DIS) and Lululemon Athletica (LULU).

Penske Automotive Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PAG."

Penske Automotive Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (4.00%), LSV Asset Management (2.28%), BlackRock Inc. (1.90%), Burgundy Asset Management Ltd. (1.62%), Bank of America Corp DE (0.97%) and Envestnet Asset Management Inc. (0.90%). Insiders that own company stock include Claude H Denker III, John Barr, John D Jr Carlson, Kimberly J Mcwaters, Michelle Hulgrave, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin.
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Shares of PAG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PAG stock can currently be purchased for approximately $151.20.

Penske Automotive Group (NYSE:PAG) has a market capitalization of $10.43 billion and generates $27.81 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $18.06 on an earnings per share basis.

The company employs 41,500 workers across the globe.

Penske Automotive Group's mailing address is 2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI, 48302. The official website for the company is www.penskeautomotive.com. The company can be reached via phone at (248) 648-2500, via email at tpordon@penskeautomotive.com, or via fax at 248-648-2525.