Group 1 Automotive (NYSE:GPI) Given New $435.00 Price Target at JPMorgan Chase & Co.

Group 1 Automotive (NYSE:GPI) had its price objective cut by investment analysts at JPMorgan Chase & Co. from $495.00 to $435.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 15.59% from the stock’s previous close.

A number of other equities research analysts have also commented on GPI. Stephens restated an “equal weight” rating and set a $460.00 price objective on shares of Group 1 Automotive in a report on Thursday, January 30th. Jefferies Financial Group began coverage on Group 1 Automotive in a research report on Friday, December 13th. They set a “buy” rating and a $500.00 price target on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Group 1 Automotive has an average rating of “Moderate Buy” and a consensus price target of $450.33.

Group 1 Automotive Stock Performance

Shares of NYSE:GPI opened at $376.32 on Thursday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.24 and a current ratio of 1.03. The firm has a market cap of $4.98 billion, a PE ratio of 10.24 and a beta of 1.33. The business has a fifty day moving average of $442.80 and a 200-day moving average of $412.94. Group 1 Automotive has a twelve month low of $262.31 and a twelve month high of $490.09.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Captrust Financial Advisors boosted its holdings in Group 1 Automotive by 4.2% in the fourth quarter. Captrust Financial Advisors now owns 571 shares of the company’s stock worth $241,000 after acquiring an additional 23 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Group 1 Automotive by 25.6% in the 4th quarter. Avior Wealth Management LLC now owns 152 shares of the company’s stock worth $64,000 after buying an additional 31 shares during the period. Bessemer Group Inc. boosted its stake in Group 1 Automotive by 119.4% in the 4th quarter. Bessemer Group Inc. now owns 68 shares of the company’s stock worth $29,000 after purchasing an additional 37 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Group 1 Automotive by 13.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 346 shares of the company’s stock worth $146,000 after purchasing an additional 41 shares in the last quarter. Finally, HighPoint Advisor Group LLC grew its position in Group 1 Automotive by 2.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 1,536 shares of the company’s stock worth $647,000 after buying an additional 41 shares in the last quarter. 99.92% of the stock is owned by institutional investors and hedge funds.

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.