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 twelve months. 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 brokers have issued twelve-month price targets for Penske Automotive Group's shares. Their PAG share price forecasts range from $88.00 to $182.00. On average, they predict the company's share price to reach $126.67 in the next year. This suggests that the stock has a possible downside of 7.2%.
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Penske Automotive Group's stock was trading at $114.93 on January 1st, 2023. Since then, PAG shares have increased by 18.7% and is now trading at $136.44.
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Penske Automotive Group, Inc. (NYSE:PAG) announced its quarterly earnings data on Tuesday, October, 26th. The company reported $4.46 EPS for the quarter, beating analysts' consensus estimates of $3.54 by $0.92. The firm earned $6.50 billion during the quarter, compared to the consensus estimate of $6.42 billion. Penske Automotive Group had a trailing twelve-month return on equity of 33.86% and a net margin of 5.14%. The company's revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.87 EPS.

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 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Thursday, February 9th. This is a boost from the stock's previous quarterly dividend of $0.57.
Read our dividend analysis for PAG.

Penske Automotive Group (NYSE:PAG) pays an annual dividend of $2.28 per share and currently has a dividend yield of 1.66%. 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 12.47%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PAG will have a dividend payout ratio of 15.57% 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 variety of retail and institutional investors. Top institutional shareholders include Edmp Inc. (6.15%), LSV Asset Management (2.27%), Private Management Group Inc. (0.56%), Bruni J V & Co. Co. (0.35%), Horizon Kinetics Asset Management LLC (0.30%) and Fenimore Asset Management Inc. (0.12%). 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 $136.44.

Penske Automotive Group (NYSE:PAG) has a market capitalization of $9.73 billion and generates $25.55 billion in revenue each year. The company earns $1.19 billion in net income (profit) each year or $18.29 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.