PAG stock: buy or sell?
September 20th, 2019
Penske Automotive Group, Inc. operates as a transportation services company. The company operates through four segments: Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments.
Should I buy PAG stock?Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Penske Automotive stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Penske Automotive stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 7 ratings published for PAG stock in the last month. The general sentiment of these ratings is bullish for PAG stock, with 5 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-16||Jefferies Financial Group||n/a||Buy|
|2019-8-29||Royal Bank of Canada||n/a||Sector Performer|
|2019-2-19||JPMorgan Chase & Co.||n/a||Neutral|
|2019-2-13||Seaport Global Securities||n/a||Buy|
PAG stock analysis
Penske Automotive remained constant a lame -0.26% and closed at $45.80.
Penske Automotive shares remained steady -0.26% to $45.80 today. Since price and SMA200d lines crossed up on Sep 5th, PAG climbed $3.25 (7.64%). Since June when SMA100d and SMA200d crossed up, PAG price gained $0.42 per share (0.93%). PAG is retaking the upward trend marking a new rising bottom heading to break out over $49.28.
After boosting an amazing 7.76% in a week last week, Penske Automotive closed this week at $45.80 and eased a terrible -4.50%.
Early September PAG price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Late May, SMA20w and SMA40w crossed up triggering a rise of 4.69%.
PAG stock price history
PAG stock went public on October 23rd, 1996 with a price of $12.271. Since then, PAG stock surged a 273.30%, with an average of 12.40% per year. If you had invested right after PAG's IPO a $1,000 in PAG stock in 1996, it would worth $2,733.00 today.
1: Adjusted price after possible price splits or reverse-splits.
PAG stock historical price chart
PAG stock reached 52-week highs at $50.77, and all-time highs 2018-08-28 with a price of 52.
PAG stock price target is $56.30Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' PAG stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 4 price predictions for PAG stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-2||Morgan Stanley||Raises Target||$54.00||$57.00||5.6%|
|2019-4-16||Morgan Stanley||Lowers Target||$62.00||$56.00||-9.7%|
|2019-2-19||JPMorgan Chase & Co.||Initiates||n/a||$51.00||-|
|2019-2-13||Seaport Global Securities||Initiates||n/a||$61.00||-|
Financials and fundamental analysis
Earnings date and Earnings per SharePenske Automotive disappointed analysts on February when it posted an Earnings per Share (EPS) of $1.11 when the analysts' forecast was $1.16.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Penske Automotive annual revenues rose a shining 6.54% to $22,785.10 M USD from $21,386.90 marked in 2017. When comparing 2018 vs 2017, nonetheless, profit margin (that is, the net income divided by revenues) remained constant a -0.80% to 2.07%.
|2013||$14,710 M||-||$250 M1.7%||-|
|2014||$17,177 M||16.77%||$287 M1.7%||14.86%|
|2015||$19,285 M||12.27%||$326 M1.7%||13.74%|
|2016||$20,119 M||4.32%||$343 M1.7%||5.15%|
|2017||$21,387 M||6.30%||$613 M2.9%||78.86%|
|2018||$22,785 M||6.54%||$471 M2.1%||-23.20%|
Quarterly financial resultsPenske Automotive reported $5,439.30 million in sales for 2018-Q4, a -3.88% less compared to previous quarter. Reported quarter income marked $98.10 million with a profit margin of 1.80%. Profit margin stayed stable a -0.50% compared to previous quarter when profit margin was 2.30%. When comparing sales to same quarter last year, Penske Automotive sales marked a slightly fine move and stayed steady a 0.77%. Looking back to recent quarterly results, Penske Automotive posted 2 negative quarters in a row.
|2017-Q2||$5,380 M||-||$106 M2.0%||-|
|2017-Q3||$5,520 M||2.60%||$94 M1.7%||-11.04%|
|2017-Q4||$5,398 M||-2.21%||$330 M6.1%||250.05%|
|2018-Q1||$5,747 M||6.46%||$108 M1.9%||-67.25%|
|2018-Q2||$5,940 M||3.37%||$135 M2.3%||24.51%|
|2018-Q3||$5,659 M||-4.74%||$130 M2.3%||-3.27%|
|2018-Q4||$5,439 M||-3.88%||$98 M1.8%||-24.65%|
|2019-Q1||$5,564 M||2.30%||$100 M1.8%||2.14%|
Penske Automotive ownershipWhen you are planning to buy a company, it's always worth to have a look its ownership structure.
Penske Automotive shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 17.93% of all shares.
Bearish positions for PAG stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to Penske Automotive:
|Market cap||$3.9 B||$1.9 B||$4.5 B||$2.2 B||$18.9 B|
|Total shares||84.1 M||19.4 M||89.1 M||76.0 M||229.1 M|
|Float shares||33.1 M||17.2 M||60.0 M||58.6 M||200.5 M|
|- Institutional holdings (%)||86.6%||109.4%||87.1%||116.4%||86.9%|
|- Insider holdings (%)||17.9%||2.2%||13.6%||2.1%||12.9%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$45.74 - $46.65|
|Average true range||$1.32|
|50d mov avg||$44.58|
|100d mov avg||$44.84|
|200d mov avg||$43.83|
Penske Automotive performanceStocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We selected Asbury Automotive, AutoNation, Avis Budget, Copart, America's Car-Mart, Group 1 Automotive, CarMax, Lithia Motors, Rush Enterprises and Sonic Automotive as the bechmarking frame for Penske Automotive stock.
|GPIGroup 1 Automotiv...||10.75%||43.06%||22.83%|