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PAG

Penske Automotive

$45.06

-0.435 (-0.96%)

07:41
07/17/19
07/17
07:41
07/17/19
07:41

Penske Automotive increases dividend to 40c per share

Penske Automotive has approved an increase in the cash dividend to 40c per share for Q2. The dividend is payable on September 4 to shareholders of record on August 9.

  • 30

    Jul

  • 13

    Nov

PAG Penske Automotive
$45.06

-0.435 (-0.96%)

02/19/19
JPMS
02/19/19
INITIATION
Target $51
JPMS
Neutral
Penske Automotive initiated with a Neutral at JPMorgan
JPMorgan analyst Rajat Gupta started Penske Automotive with a Neutral rating and $51 price target. The analyst initiated coverage on the U.S. Auto Dealership sector with a balanced view on the industry but a more constructive view on the stocks. He says Penske has the "highest-in-sector" leverage and less relative balance sheet optionality.
02/19/19
02/19/19
INITIATION

Fly Intel: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. Southern Copper (SCCO) initiated with a Buy at Goldman Sachs. 2. Arcturus Therapeutics (ARCT) initiated with a Buy at Laidlaw. 3. HEXO Corp (HEXO) initiated with an Outperform at Oppenheimer. 4. Group 1 Automotive (GPI) and Lithia Motors (LAD) were initiated with an Overweight at JPMorgan, while Penske Automotive (PAG) and Asbury Automotive (ABG) were initiated with a Neutral, and Sonic Automotive (SAH) and AutoNation (AN) were initiated with an Underweight at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/06/19
MSCO
05/06/19
UPGRADE
Target $94
MSCO
Overweight
Morgan Stanley more positive on auto dealers, upgrades Group 1 to Overweight
As previously reported, Morgan Stanley analyst Armintas Sinkevicius upgraded Group 1 Automotive (GPI) to Overweight from Equal Weight as he turns positive on the traditional auto dealer group and named it his top pick among the traditional dealers. Sinkevicius sees the potential for an elongated auto cycle following changes to the Fed policy, he noted, adding that he is also drawn to the defensiveness of the dealer model and investor positioning. The analyst, who noted that his estimates are above consensus for all of the traditional dealers in Q2 and for 2019, raised his price target on Group 1 shares to $94 from $67, raised his target on Asbury Automotive (ABG) to $87 from $85, upped his target on AutoNation (AN) to $36 from $27, raised his target on Lithia Motors (LAD) to $128 from $117, increased his target on Sonic Automotive (SAH) to $18 from $10 and keeps a $56 price target on Penske Automotive (PAG).
06/21/19
JPMS
06/21/19
NO CHANGE
JPMS
Neutral
Penske valuation attractive after underperformance, says JPMorgan
Penske Automotive shares have underperformed the franchise dealer group by 2,000 basis points year-to-date driven by a combination of Brexit uncertainty, Section 232 tariffs headlines, concerns around the truck cycle, and the company's "mixed" Q1 results, JPMorgan analyst Rajat Gupta tells investors in a research note. The stock has is now officially in the "attractive valuation" territory on most metrics, adds the analyst. Despite maintaining a Neutral rating on Penske, Gupta sees some potential for "near-term re-rating as some of the recent headwinds start to dissipate."

TODAY'S FREE FLY STORIES

HSIC

Henry Schein

$62.66

0.81 (1.31%)

12:43
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FB

Facebook

$189.02

0.21 (0.11%)

, TWTR

Twitter

$39.97

-0.29 (-0.72%)

12:37
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FB

Facebook

$189.02

0.21 (0.11%)

TWTR

Twitter

$39.97

-0.29 (-0.72%)

SNAP

Snap

$13.68

-0.41 (-2.91%)

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IRM

Iron Mountain

$32.64

-0.135 (-0.41%)

12:35
10/16/19
10/16
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12:35
Options
Iron Mountain put volume heavy and directionally bearish »

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AMZN

Amazon.com

$1,776.00

7.3 (0.41%)

12:33
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NBEV

New Age Beverages

$2.73

(0.00%)

12:32
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12:30
10/16/19
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12:30
General news
FX Action: USD-JPY »

FX Action: USD-JPY topped…

NWL

Newell Brands

$19.31

0.14 (0.73%)

12:25
10/16/19
10/16
12:25
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12:25
Options
Newell Brands call volume above normal and directionally bullish »

Bullish option flow…

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GM

General Motors

$37.04

0.77 (2.12%)

12:18
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General Motors confirms UAW's statement regarding proposed tentative agreement »

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  • 29

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
10/16/19
10/16
12:17
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12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
10/16/19
10/16
12:16
10/16/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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PLAN

Anaplan

$44.40

-3.33 (-6.98%)

12:15
10/16/19
10/16
12:15
10/16/19
12:15
Options
Anaplan put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 16

    Oct

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    Oct

MCK

McKesson

$146.86

8.69 (6.29%)

, ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

12:11
10/16/19
10/16
12:11
10/16/19
12:11
On The Fly
Fly Intel: Wall Street's top stories at midday »

Stocks continue in a…

MCK

McKesson

$146.86

8.69 (6.29%)

ABC

AmerisourceBergen

$87.62

4.44 (5.34%)

CAH

Cardinal Health

$49.76

1.83 (3.82%)

JNJ

Johnson & Johnson

$136.44

3.6 (2.71%)

TEVA

Teva

$7.33

0.37 (5.32%)

GM

General Motors

$37.14

0.87 (2.40%)

UAL

United Airlines

$90.00

2.1 (2.39%)

BA

Boeing

$376.35

5.36 (1.44%)

BAC

Bank of America

$30.38

0.64 (2.15%)

MGM

MGM Resorts

$27.47

-0.4 (-1.44%)

BX

Blackstone

$46.86

-0.24 (-0.51%)

ACHN

Achillion

$6.25

2.595 (71.00%)

ALXN

Alexion

$102.60

-2.245 (-2.14%)

SFIX

Stitch Fix

$22.00

1.17 (5.62%)

WDAY

Workday

$158.51

-22.33 (-12.35%)

SNBR

Sleep Number

$45.49

-1.2 (-2.57%)

03/08/13
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  • 16

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  • 12

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  • 12

    Nov

WB

Weibo

$52.17

2.85 (5.78%)

12:05
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Options
Weibo call volume above normal and directionally bullish »

Bullish option flow…

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APHA

Aphria

$5.00

-0.41 (-7.58%)

12:00
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  • 12

    Nov

NOW

ServiceNow

$251.40

-23.2 (-8.45%)

12:00
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ServiceNow falls -8.3% »

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  • 23

    Oct

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    Dec

AVD

American Vanguard

$13.39

-1.87 (-12.25%)

12:00
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American Vanguard falls -12.6% »

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  • 05

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HOV

Hovnanian

$28.26

2.2 (8.44%)

12:00
10/16/19
10/16
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12:00
Hot Stocks
Hovnanian rises 8.2% »

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OMI

Owens & Minor

$6.98

0.55 (8.55%)

12:00
10/16/19
10/16
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Hot Stocks
Owens & Minor rises 8.2% »

Owens & Minor is up…

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FIT

Fitbit

$3.75

0.305 (8.85%)

12:00
10/16/19
10/16
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Hot Stocks
Fitbit rises 8.7% »

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GM

General Motors

$37.17

0.9 (2.48%)

11:57
10/16/19
10/16
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Hot Stocks
UAW sends proposed tentative deal to UAW GM members to ratify »

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  • 29

    Oct

PDCO

Patterson Companies

$17.42

0.09 (0.52%)

, HSIC

Henry Schein

$62.68

0.83 (1.34%)

11:55
10/16/19
10/16
11:55
10/16/19
11:55
Hot Stocks
Judge rules Patterson Companies violated U.S. antitrust laws in FTC complaint »

Chief Administrative Law…

PDCO

Patterson Companies

$17.42

0.09 (0.52%)

HSIC

Henry Schein

$62.68

0.83 (1.34%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 08

    Nov

  • 12

    Dec

HSIC

Henry Schein

$62.41

0.56 (0.91%)

11:50
10/16/19
10/16
11:50
10/16/19
11:50
Hot Stocks
Judge dismisses FTC complaint against Henry Schein »

Chief Administrative Law…

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  • 08

    Nov

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    Dec

XLF

Financial Select Sector

$28.06

-0.02 (-0.07%)

11:50
10/16/19
10/16
11:50
10/16/19
11:50
Options
Upside call buyer in Financial Sector ETF tied to hedge »

Upside call buyer in…

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IRBT

iRobot

$58.37

0.58 (1.00%)

11:48
10/16/19
10/16
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Hot Stocks
SharkNinja says 'will aggressively defend' against iRobot patent suit »

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  • 23

    Oct

  • 13

    Nov

RNET

RigNet

11:46
10/16/19
10/16
11:46
10/16/19
11:46
Initiation
RigNet initiated  »

RigNet initiated with a…

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