Morgan Stanley (NYSE:MS) analyst Adam Jonas maintained a Buy rating on Penske Automotive Group (NYSE:PAG) on Monday, setting a price target of $76, which is approximately 29.85% above the present share price of $58.53.
Jonas expects Penske Automotive Group to post earnings per share (EPS) of $3.07 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Penske Automotive Group, with an average price target of $69.2.
The analysts price targets range from a high of $76 to a low of $60.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $5.97 billion and a net profit of $284.2 million. The company's market cap is $4.7 billion.
According to TipRanks.com, Morgan Stanley analyst Adam Jonas is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.2% and a 54.40% success rate.
Penske Automotive Group, Inc. operates as an international transportation services company, which engages in the distribution of commercial vehicles, diesel engines, gas engines, power systems and related parts & services. It operates through the following segments: Retail Automotive, Retail Commercial Truck, Non-Automotive Investments and Other. The Retail Automotive segment consists of retail automotive dealership operations. The Retail Commercial Truck segment is the dealership operations of commercial trucks in the U.S. and Canada. The Other segment is comprised of commercial vehicle and power systems distribution operation and other non-automotive consolidated operations. The Non-Automotive Investments segment is the equity method investments in non-automotive operations. The company was founded in October 1992 and is headquartered in Bloomfield Hills, MI.