Penske Automotive Group - PAG Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 3 buy ratings 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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5 brokers have issued 12-month target prices for Penske Automotive Group's stock. Their PAG share price forecasts range from $93.00 to $182.00. On average, they anticipate the company's share price to reach $125.60 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Penske Automotive Group's stock was trading at $107.22 at the start of the year. Since then, PAG stock has decreased by 5.9% and is now trading at $100.92.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PAG earnings forecast.

Penske Automotive Group, Inc. (NYSE:PAG) posted its quarterly earnings data on Wednesday, July, 27th. The company reported $4.93 EPS for the quarter, topping the consensus estimate of $4.47 by $0.46. The business had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.07 billion. Penske Automotive Group had a net margin of 5.28% and a trailing twelve-month return on equity of 34.68%. Penske Automotive Group's revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.47 EPS.

Penske Automotive Group announced a quarterly dividend on Friday, July 22nd. Investors of record on Wednesday, August 10th will be paid a dividend of $0.53 per share on Thursday, September 1st. This represents a $2.12 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, August 9th. This is a boost from the stock's previous quarterly dividend of $0.50.
Read our dividend analysis for PAG.

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $2.12 per share and currently has a dividend yield of 2.08%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 11.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 13.78% 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 many different institutional and retail investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.03%) and Symmetry Partners LLC (0.01%). Insiders that own company stock include Claude H Denker III, John Barr, John D Jr Carlson, Kimberly J Mcwaters, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin.
View institutional ownership trends.

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 $100.92.

Penske Automotive Group (NYSE:PAG) has a market capitalization of $7.49 billion and generates $25.55 billion in revenue each year. The company earns $1.19 billion in net income (profit) each year or $18.15 on an earnings per share basis.

The company employs 25,000 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.