Why Penske Automotive Group, Inc. (NYSE:PAG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $49.29 on Penske Automotive Group, Inc. (NYSE:PAG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.89 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Penske Automotive Group, Inc. (NYSE:PAG) stands at 12.04.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Penske Automotive Group, Inc. C, the PEG ratio for coming 3-5 years is 1.26.

Technical Analysis

The technical analysis highlights that Penske Automotive Group, Inc. C current is trading $5.65 points away or +14.32% from its 50-day moving average of $39.43. Further it is trading $7.71 or +20.62% away its 200-day moving average of $37.37.

The 52-week high of Penske Automotive Group, Inc. (NYSE:PAG) was $53.28 while lowest point recorded in 52-week was $29.29. It implies if stock price makes a movement of over $-8.20, it will record a new 52-week high. In the case of +53.91% drop, it will touch a new 52-week low.

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