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Analyst Rating: Will Penske Automotive Group, Inc. (PAG) Stock Lead the Market?

Friday, March 08, 2024 01:33 PM | InvestorsObserver Analysts

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Analyst Rating: Will Penske Automotive Group, Inc. (PAG) Stock Lead the Market?

Wall Street is positive on Penske Automotive Group, Inc. (PAG). On average, analysts give PAG a Buy rating. The average price target is $157.2, which means analysts expect the stock to add by 2.24% over the next twelve months. That average ranking earns PAG an Analyst Rating of 21, which is better than 21% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.5
Wall Street analysts are rating PAG a Buy today. Find out what this means to you and get the rest of the rankings on PAG!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Penske Automotive Group, Inc. Stock Today?

Penske Automotive Group, Inc. (PAG) stock has risen 0.66% while the S&P 500 is lower by -0.54% as of 1:13 PM on Friday, Mar 8. PAG has risen $1.01 from the previous closing price of $152.74 on volume of 47,643 shares. Over the past year the S&P 500 is up 30.92% while PAG has risen 5.66%. PAG earned $15.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.91. Click Here to get the full Stock Report for Penske Automotive Group, Inc. stock.

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