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Analysts Offer Insights on Consumer Cyclical Companies: Penske Automotive Group (PAG) and Rivian Automotive (RIVN)

Tipranks - Tue Aug 4, 7:02AM CDT

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Penske Automotive Group (PAG) and Rivian Automotive (RIVN).

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Penske Automotive Group (PAG)

Stephens analyst Jeff Lick maintained a Hold rating on Penske Automotive Group today and set a price target of $210.00. The company’s shares closed last Friday at $217.31.

According to TipRanks.com, Lick is a 4-star analyst with an average return of 8.9% and a 46.0% success rate. Lick covers the NA sector, focusing on stocks such as Academy Sports and Outdoors, Sonic Automotive, and Lithia Motors. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Penske Automotive Group with a $214.71 average price target, implying a -2.0% downside from current levels. In a report issued on July 20, TipRanks – PerPlexity also downgraded the stock to Hold with a $221.00 price target.

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Rivian Automotive (RIVN)

In a report released today, Rajat Gupta CFA from J.P. Morgan maintained a Sell rating on Rivian Automotive, with a price target of $15.00. The company’s shares closed last Friday at $15.22.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 6.8% and a 47.0% success rate. CFA covers the NA sector, focusing on stocks such as Penske Automotive Group, Camping World Holdings, and Group 1 Automotive. ;'>

Currently, the analyst consensus on Rivian Automotive is a Hold with an average price target of $17.56, implying a 3.5% upside from current levels. In a report issued on July 31, Morgan Stanley also maintained a Sell rating on the stock with a $14.00 price target.

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