Penske Automotive Group, Inc. (PAG) Forms Bearish Head & Shoulders Pattern Trading at $48.51

May 16, 2018 - By Margaret Guttierez

Penske Automotive Group, Inc. (NYSE:PAG) Corporate Logo

Big Money Sentiment decreased to 1.08 in 2017 Q4. It has change of 0.20, from 2017Q3’s 1.28. The ratio turned negative due to Penske Automotive Group, Inc. positioning: 27 sold and 65 reduced. 32 funds took stakes and 67 increased stakes. Investors holded 34.35 million in 2017Q3 but now own 34.38 million shares or 0.09% more.
Lpl Limited has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). Bruni J V & Co Co has invested 2.24% of its capital in Penske Automotive Group, Inc. (NYSE:PAG). Virtus Invest Advisers Incorporated, Connecticut-based fund reported 8,313 shs. Jpmorgan Chase Co holds 0% or 1,923 shs. Manufacturers Life Ins Com The owns 0% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 2,513 shs. Glenmede Tru Na stated it has 500 shs. Ubs Asset Americas owns 37,637 shs. Gabelli Funds Limited Company invested in 153,100 shs or 0.04% of the stock. Earnest Prtnrs Llc owns 19 shs. Stone Ridge Asset Management Limited Company, New York-based fund reported 9,630 shs. Vanguard holds 0.01% in Penske Automotive Group, Inc. (NYSE:PAG) or 2.81M shs. Pdts Partners Ltd Liability Corp owns 184,707 shs. State Of New Jersey Common Pension Fund D reported 154,750 shs stake. Barrow Hanley Mewhinney And Strauss Ltd Liability Corporation invested in 0% or 439 shs. Dreman Value L L C has 0.03% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 1,010 shs.

Penske Automotive Group, Inc. registered $50.00 million net activity with 0 buys and 1 insider sale since March 27, 2018.

H&S was formed by Penske Automotive Group, Inc. (PAG). It has $46.08 [Target] or $48.51 stock price. $4.12 billion market cap has the stock. Faxor.com announced the H&S technical pattern on May, 16. At $46.08 stock Target, the company valuation changes by $206.10 million less.

PAG touched $48.505 during the last trading session after $0.925 change.Currently Penske Automotive Group, Inc. is downtrending after 7.69% change in last May 16, 2017. PAG has 224,460 shares volume. The stock underperformed the S&P500 by 19.24%.

Penske Automotive Group, Inc. (NYSE:PAG)’s earnings report is awaited by WallStreet on July, 26, as reported by RTT. Analysts predict 11.02 % diference or $1.41 from the $1.27 EPS from 2017. If reported the P/E will be 8.60 with $119.82 million profit. 12.80 % EPS growth is what Wall Street’s forecasts after $1.25 reported EPS previous quarter.

Penske Automotive Group, Inc. (NYSE:PAG) Ratings Coverage

Total analysts of 3 have positions in Penske Automotive Group (NYSE:PAG) as follows: 3 rated it a “Buy”, 0 with “Sell” and 0 with “Hold”. The positive are 100%. The firm has $60 highest while $5000 is the lowest PT. The average target $54.67 is 12.71% above the last ($48.505) price. Since February 9, 2018 according to StockzIntelligence Inc Penske Automotive Group has 3 analyst reports. On Friday, February 9 Bank of America maintained Penske Automotive Group, Inc. (NYSE:PAG) rating. Bank of America has “Buy” rating and $60 target. On Monday, April 16 Guggenheim initiated Penske Automotive Group, Inc. (NYSE:PAG) with “Buy” rating. On Wednesday, March 14 the company was maintained by Morgan Stanley.

For more Penske Automotive Group, Inc. (NYSE:PAG) news posted briefly go to: Globenewswire.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Prnewswire.com. The titles are as follows: “Investor Expectations to Drive Momentum within Aerohive Networks, M/I Homes, bluebird bio, Penske Automotive …” posted on May 15, 2018, “Ryder System – Good Dividend, Bad Industry” on April 30, 2018, “Penske Automotive Group’s (PAG) CEO Roger Penske on Q1 2018 Results – Earnings Call Transcript” with a publish date: April 26, 2018, “Congress slaps down CFPB’s auto lending guidance” and the last “Penske Automotive Increases Dividend” with publication date: May 10, 2018.

Penske Automotive Group, Inc. (NYSE:PAG) Institutional Investors Chart

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