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Stephens Remains a Hold on Penske Automotive Group (PAG)
In a report released today, from Stephens maintained a Hold rating on Penske Automotive Group, with a price target of $160.00.
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In addition to Stephens, Penske Automotive Group also received a Hold from J.P. Morgan’s Rajat Gupta CFA in a report issued on April 17. However, yesterday, Bank of America Securities reiterated a Buy rating on Penske Automotive Group (NYSE: PAG).
Based on Penske Automotive Group’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $7.86 billion and a net profit of $234.5 million. In comparison, last year the company earned a revenue of $7.6 billion and had a net profit of $244.3 million
Read More on PAG:
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- Penske Automotive price target raised to $160 from $155 at Stephens
- Penske Automotive Balances Headwinds With Service Strength
- Penske Automotive Q1 Earnings Decline Amid Ongoing Acquisitions
- Penske Automotive reports Q1 adjusted EPS $3.05, consensus $2.88
- PAG Earnings Report this Week: Is It a Buy, Ahead of Earnings?
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