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Equities research analysts at Stifel Nicolaus initiated coverage on shares of Penske Automotive (NYSE: PAG) in a research note issued to investors on Friday. They set a “buy” rating and a $25.00 price target on the stock.

Separately, analysts at Ticonderoga cut their price target on shares of Penske Automotive from $27.00 to $25.00 in a research note to investors on Friday, August 26th. They now have a “buy” rating on the stock. Analysts at Goldman Sachs (NYSE: GS) raised their EPS on shares of Penske Automotive in a research note to investors on Friday, July 22nd. They now have a “neutral” rating and a $25.00 price target on the stock. Also, analysts at ThinkEquity initiated coverage on shares of Penske Automotive in a research note to investors on Friday, July 15th. They set a “buy” rating on the stock.

Penske Automotive Group, Inc. is an automotive retailer. As of December 31, 2009, the Company owned and operated 158 franchises in the United States and 148 franchises outside of the United States, primarily in the United Kingdom. It offers a range of vehicle brands with 95% of its total retail revenue during the year ended December 31, 2009, generated from brands of non-United States based manufacturers, and 65% generated from brands, such as Audi, BMW, Cadillac and Porsche. Each of its dealerships offers a range of new and used vehicles for sale. In addition to selling new and used vehicles, the Company generates revenue at each of its dealerships, through maintenance and repair services, and the sale and placement of products, such as third party finance and insurance products, third-party extended service contracts and replacement and aftermarket automotive products.

Penske Automotive last announced its quarterly results on Thursday, July 21st. The company reported $0.43 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.38 EPS by $0.05. The company’s quarterly revenue was up 10.5% on a year-over-year basis. On average, analysts predict that Penske Automotive will post $0.39 EPS next quarter.

Shares of Penske Automotive opened at 15.59 on Friday. Penske Automotive has a 52 week low of $12.00 and a 52 week high of $24.00. The stock’s 50-day moving average is $17.67 and its 200-day moving average is $20.0. The company has a market cap of $1.435 billion and a price-to-earnings ratio of 10.93.

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