GP Strategies (NYSE:GPX) Upgraded to “Hold” at ValuEngine

GP Strategies (NYSE:GPX) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Other analysts also recently issued research reports about the stock. Barrington Research reaffirmed a “buy” rating and set a $20.00 price target on shares of GP Strategies in a report on Tuesday, August 6th. Zacks Investment Research downgraded shares of GP Strategies from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 6th.

Shares of NYSE GPX traded up $0.45 during trading on Wednesday, reaching $13.80. 24,100 shares of the company traded hands, compared to its average volume of 55,830. The firm has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $14.37. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $216.76 million, a PE ratio of 15.33, a P/E/G ratio of 0.91 and a beta of 0.82. GP Strategies has a 52-week low of $11.77 and a 52-week high of $19.55.

GP Strategies (NYSE:GPX) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.04). The company had revenue of $149.41 million for the quarter, compared to analysts’ expectations of $149.01 million. GP Strategies had a net margin of 1.32% and a return on equity of 6.65%. As a group, research analysts predict that GP Strategies will post 0.94 EPS for the current year.

Several large investors have recently modified their holdings of GPX. Cove Street Capital LLC boosted its position in GP Strategies by 3.8% in the first quarter. Cove Street Capital LLC now owns 2,297,922 shares of the company’s stock valued at $27,920,000 after buying an additional 84,138 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of GP Strategies by 2.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,120,417 shares of the company’s stock worth $14,129,000 after buying an additional 28,556 shares during the period. BlackRock Inc. raised its stake in shares of GP Strategies by 21.6% during the 2nd quarter. BlackRock Inc. now owns 887,601 shares of the company’s stock worth $13,385,000 after buying an additional 157,483 shares during the period. Royce & Associates LP raised its stake in GP Strategies by 1.7% in the 1st quarter. Royce & Associates LP now owns 746,539 shares of the company’s stock valued at $9,070,000 after purchasing an additional 12,800 shares during the last quarter. Finally, Rutabaga Capital Management LLC MA acquired a new position in GP Strategies in the 1st quarter valued at $5,168,000. Hedge funds and other institutional investors own 89.47% of the company’s stock.

About GP Strategies

GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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