Group 1 Automotive (NYSE:GPI) Given New $380.00 Price Target at JPMorgan Chase & Co.

Group 1 Automotive (NYSE:GPI) had its target price dropped by equities research analysts at JPMorgan Chase & Co. from $390.00 to $380.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 27.37% from the company’s current price.

Several other research firms have also weighed in on GPI. Evercore set a $440.00 price objective on shares of Group 1 Automotive in a research note on Tuesday, July 7th. Benchmark reiterated a “buy” rating on shares of Group 1 Automotive in a research report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Group 1 Automotive in a research report on Friday, June 12th. Barclays lifted their price objective on shares of Group 1 Automotive from $455.00 to $470.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, DA Davidson set a $425.00 price target on shares of Group 1 Automotive in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $430.78.

Group 1 Automotive Stock Down 0.5%

NYSE:GPI traded down $1.55 during trading hours on Monday, reaching $298.33. 55,456 shares of the stock were exchanged, compared to its average volume of 181,750. Group 1 Automotive has a twelve month low of $279.10 and a twelve month high of $488.39. The firm has a 50 day moving average of $317.39 and a 200 day moving average of $339.32. The stock has a market cap of $3.55 billion, a PE ratio of 11.37, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.95 and a quick ratio of 0.21.

Group 1 Automotive (NYSE:GPI) last released its earnings results on Thursday, April 30th. The company reported $8.66 earnings per share for the quarter, missing analysts’ consensus estimates of $8.82 by ($0.16). The business had revenue of $5.41 billion during the quarter, compared to the consensus estimate of $5.42 billion. Group 1 Automotive had a net margin of 1.46% and a return on equity of 16.63%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same period last year, the business posted $10.17 EPS. On average, equities analysts expect that Group 1 Automotive will post 41.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Group 1 Automotive by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,766 shares of the company’s stock valued at $2,966,000 after purchasing an additional 227 shares during the last quarter. Millennium Management LLC grew its stake in shares of Group 1 Automotive by 20.3% during the first quarter. Millennium Management LLC now owns 37,028 shares of the company’s stock worth $14,143,000 after buying an additional 6,239 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Group 1 Automotive during the first quarter worth $229,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Group 1 Automotive by 6.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 41,872 shares of the company’s stock valued at $15,993,000 after acquiring an additional 2,452 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of Group 1 Automotive by 46.7% in the 2nd quarter. American Century Companies Inc. now owns 2,753 shares of the company’s stock valued at $1,202,000 after acquiring an additional 877 shares during the last quarter. Institutional investors and hedge funds own 99.92% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc (NYSE: GPI) is an international automotive retailer headquartered in Houston, Texas. The company operates an extensive network of franchised dealerships, offering new and pre-owned vehicles from leading domestic and import manufacturers. In addition to vehicle sales, Group 1 Automotive provides a full complement of aftersales services, including finance and insurance products, parts distribution, collision repair centers and vehicle maintenance.

Founded in 1997, Group 1 Automotive has grown through both organic expansion and strategic acquisitions to establish a presence across the United States, the United Kingdom and Brazil.