Stephens Reiterates Overweight Rating on Penske Automotive Group (PAG) Following 1Q

Stephens analyst Rick Nelson reiterated an Overweight rating and $40.00 price target on Penske Automotive Group (NYSE: PAG) following the company's 1Q earnings report. PAG reported 1Q20 EPS of $0.64 vs. consensus estimate of $0.69. Nelson thinks consensus did not adequately reflect UK store closures in a critical sales period.

Stephens increased F20 Operations EPS from $1.62 to $2.23. Stephens also increased F21 Operations EPS estimate from $4.00 to $4.10.

For an analyst ratings summary and ratings history on Penske Automotive Group click here. For more ratings news on Penske Automotive Group click here.

Shares of Penske Automotive Group closed at $33.11 yesterday.

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