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Analysts Raise Penske Automotive Price Target to $210.33

NeutralLow impact
PAG$212.42 0.20%

Wall Street analysts updated their outlook on Penske Automotive Group, Inc. (PAG), raising the average 12-month price target to $210.33 from $207.43. Six analysts provided target estimates, which currently span a narrow range between $210 and $212 per share. Based on recent trading around $212.40, the updated price target suggests a potential downside of approximately 1%.

Despite the slight increase in price target, overall sentiment among analysts covering the company remains cautious. Out of 12 covering analysts, nine maintain a Hold rating, while two issue Buy recommendations and one recommends Sell. Consequently, the consensus rating stays unchanged at Hold.

Investors will be monitoring upcoming financial reports and automotive retail market trends for future developments. Further adjustments in analyst estimates or price targets could indicate changes in the market's long-term expectations for the stock.

Key points

  • The average 12-month price target for Penske Automotive Group, Inc. was raised from $207.43 to $210.33.
  • Target forecasts from six analysts range between $210 and $212 per share.
  • The updated price target implies roughly 1% potential downside from recent price levels.
  • The consensus rating remains at Hold across 12 covering analysts, with 2 Buys, 9 Holds, and 1 Sell.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

What is the updated price target for Penske Automotive Group?

The average 12-month price target for Penske Automotive Group, Inc. was raised to $210.33 from $207.43, with individual forecasts ranging between $210 and $212 per share.

What is the consensus analyst rating for Penske Automotive stock?

The overall consensus rating remains at Hold across 12 covering analysts, consisting of 2 Buy recommendations, 9 Hold ratings, and 1 Sell rating.

Does the new price target imply upside or downside for Penske Automotive?

Based on the October 16 closing price, the updated average price target of $210.33 implies approximately 1% potential downside.