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.
View PAG analyst ratings or view top-rated stocks.

3 analysts have issued twelve-month target prices for Penske Automotive Group's shares. Their PAG share price forecasts range from $88.00 to $182.00. On average, they expect the company's share price to reach $140.00 in the next year. This suggests a possible upside of 5.4% from the stock's current price.
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 on January 1st, 2023. Since then, PAG shares have increased by 15.6% and is now trading at $132.82.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 26th 2023.
View our PAG earnings forecast.

Penske Automotive Group, Inc. (NYSE:PAG) released its earnings results on Wednesday, February, 8th. The company reported $4.21 earnings per share for the quarter, beating analysts' consensus estimates of $4.03 by $0.18. The business earned $7.01 billion during the quarter, compared to analyst estimates of $6.47 billion. Penske Automotive Group had a trailing twelve-month return on equity of 33.16% and a net margin of 4.96%. The company's revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.10 earnings per share.

Penske Automotive Group declared a quarterly dividend on Wednesday, January 25th. Stockholders of record on Friday, February 10th will be paid a dividend of $0.61 per share on Wednesday, March 1st. This represents a $2.44 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, February 9th. This is a positive change from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for PAG.

ETFs with the largest weight of Penske Automotive Group (NYSE:PAG) stock in their portfolio include Invesco DWA Consumer Cyclicals Momentum ETF (PEZ), First Trust Dorsey Wright Momentum & Value ETF (DVLU), iShares Focused Value Factor ETF (FOVL), Cambria Value and Momentum ETF (VAMO), Cambria Shareholder Yield ETF (SYLD), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Janus Henderson Small Cap Growth Alpha ETF (JSML) and LeaderShares AlphaFactor US Core Equity ETF (LSAF).

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $2.44 per share and currently has a dividend yield of 1.79%. 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 13.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 16.28% 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 investors include Edmp Inc. (6.15%), Dimensional Fund Advisors LP (4.38%), Moneta Group Investment Advisors LLC (3.18%), LSV Asset Management (2.27%), Burgundy Asset Management Ltd. (1.56%) and Bank of America Corp DE (0.93%). Insiders that own company stock include Claude H Denker III, John Barr, John D Jr Carlson, 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 $132.82.

Penske Automotive Group (NYSE:PAG) has a market capitalization of $9.17 billion and generates $27.81 billion in revenue each year. The company earns $1.38 billion in net income (profit) each year or $18.51 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.