NYSE:PAG - Penske Automotive Group Stock Price, Price Target & More

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

Penske Automotive Group announced a quarterly dividend on Thursday, May 10th. Shareholders of record on Monday, May 21st will be given a dividend of $0.35 per share on Friday, June 1st. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, May 18th. This is a boost from Penske Automotive Group's previous quarterly dividend of $0.34. View Penske Automotive Group's Dividend History.

Penske Automotive Group announced that its Board of Directors has initiated a stock buyback program on Thursday, October 26th 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its shares are undervalued.

Penske Automotive Group, Inc. (NYSE:PAG) issued its quarterly earnings data on Wednesday, April, 25th. The company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. The business had revenue of $5.75 billion for the quarter, compared to analysts' expectations of $5.32 billion. Penske Automotive Group had a return on equity of 17.56% and a net margin of 2.90%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.97 earnings per share. View Penske Automotive Group's Earnings History.

Penske Automotive Group is scheduled to release their next quarterly earnings announcement on Thursday, July, 26th 2018. View Earnings Estimates for Penske Automotive Group.

7 Wall Street analysts have issued 12-month price objectives for Penske Automotive Group's stock. Their forecasts range from $52.00 to $69.00. On average, they anticipate Penske Automotive Group's share price to reach $57.3333 in the next year. This suggests a possible upside of 17.1% from the stock's current price. View Analyst Ratings for Penske Automotive Group.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Penske Automotive Group in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."

Some companies that are related to Penske Automotive Group include CarMax (KMX), Copart (CPRT), KAR Auction Services (KAR), Carvana (CVNA), AutoNation (AN), Casey's General Stores (CASY), Murphy USA (MUSA), Lithia Motors (LAD), Camping World (CWH), Rush Enterprises, Inc. Class B (RUSHB), Rush Enterprises, Inc. Class A (RUSHA), Asbury Automotive Group (ABG), Group 1 Automotive (GPI), Fincera (YUANF) and Sonic Automotive (SAH).

News headlines about PAG stock have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Penske Automotive Group earned a news sentiment score of 0.03 on Accern's scale. They also gave news stories about the company an impact score of 46.61 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Penske Automotive Group's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (0.46%), Cambiar Investors LLC (0.34%), SG Capital Management LLC (0.14%), Denali Advisors LLC (0.06%), Xact Kapitalforvaltning AB (0.01%) and State of Alaska Department of Revenue (0.00%). Company insiders that own Penske Automotive Group stock include & Co Ltd Mitsui, Claude H Denker III, Corp Penske, H Brian Thompson, John D Jr Carlson, Kimberly J Mcwaters, Robert H Kurnick Jr, Roger S Penske and Shane M Spradlin. View Institutional Ownership Trends for Penske Automotive Group.

PAG stock was sold by a variety of institutional investors in the last quarter, including Cambiar Investors LLC. Company insiders that have sold Penske Automotive Group company stock in the last year include & Co Ltd Mitsui, Claude H Denker III, John D Jr Carlson, Kimberly J Mcwaters and Shane M Spradlin. View Insider Buying and Selling for Penske Automotive Group.

PAG stock was purchased by a variety of institutional investors in the last quarter, including SG Capital Management LLC, Fenimore Asset Management Inc., Denali Advisors LLC, Xact Kapitalforvaltning AB and State of Alaska Department of Revenue. Company insiders that have bought Penske Automotive Group stock in the last two years include Corp Penske, H Brian Thompson and Roger S Penske. View Insider Buying and Selling for Penske Automotive Group.

Shares of PAG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of PAG stock can currently be purchased for approximately $48.97.

Penske Automotive Group has a market capitalization of $4.14 billion and generates $21.39 billion in revenue each year. The company earns $613.30 million in net income (profit) each year or $4.31 on an earnings per share basis. Penske Automotive Group employs 26,000 workers across the globe.

Penske Automotive Group's mailing address is 2555 TELEGRAPH RD, BLOOMFIELD HILLS MI, 48302. The company can be reached via phone at 248-648-2500 or via email at [email protected]