Group 1 Automotive (NYSE:GPI) Price Target Cut to $435.00 by Analysts at JPMorgan Chase & Co.

Group 1 Automotive (NYSE:GPI) had its target price cut by equities research analysts at JPMorgan Chase & Co. from $495.00 to $435.00 in a report released on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 8.91% from the stock’s previous close.

Several other equities analysts have also weighed in on GPI. Jefferies Financial Group initiated coverage on shares of Group 1 Automotive in a report on Friday, December 13th. They set a “buy” rating and a $500.00 target price for the company. Stephens reaffirmed an “equal weight” rating and issued a $460.00 price target on shares of Group 1 Automotive in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, Group 1 Automotive presently has an average rating of “Moderate Buy” and a consensus price target of $450.33.

Group 1 Automotive Stock Performance

NYSE GPI traded down $10.60 on Thursday, reaching $399.41. 75,480 shares of the company’s stock traded hands, compared to its average volume of 154,389. The stock has a 50 day moving average price of $445.23 and a 200-day moving average price of $412.91. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 10.87 and a beta of 1.33. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. Group 1 Automotive has a fifty-two week low of $262.31 and a fifty-two week high of $490.09.

Group 1 Automotive (NYSE:GPI) last issued its earnings results on Wednesday, January 29th. The company reported $10.02 EPS for the quarter, topping analysts’ consensus estimates of $8.77 by $1.25. Group 1 Automotive had a return on equity of 18.09% and a net margin of 2.47%. Equities research analysts predict that Group 1 Automotive will post 41 EPS for the current fiscal year.

Institutional Trading of Group 1 Automotive

Several institutional investors have recently made changes to their positions in GPI. Charles Schwab Investment Management Inc. raised its position in Group 1 Automotive by 1.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 152,923 shares of the company’s stock valued at $58,576,000 after purchasing an additional 1,735 shares during the period. Citigroup Inc. boosted its stake in Group 1 Automotive by 31.8% during the third quarter. Citigroup Inc. now owns 28,341 shares of the company’s stock worth $10,856,000 after buying an additional 6,842 shares during the period. Cerity Partners LLC increased its position in shares of Group 1 Automotive by 59.5% during the third quarter. Cerity Partners LLC now owns 7,909 shares of the company’s stock valued at $3,029,000 after acquiring an additional 2,949 shares during the last quarter. FMR LLC increased its position in shares of Group 1 Automotive by 133.0% during the third quarter. FMR LLC now owns 407,930 shares of the company’s stock valued at $156,253,000 after acquiring an additional 232,846 shares during the last quarter. Finally, Cynosure Group LLC purchased a new stake in shares of Group 1 Automotive in the 3rd quarter valued at approximately $367,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.

About Group 1 Automotive

Group 1 Automotive, Inc, through its subsidiaries, operates in the automotive retail industry in the United States and the United Kingdom. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services.