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Equities research analysts at Ticonderoga lowered their price target on shares of Group 1 Automotive (NYSE: GPI) from $58.00 to $53.00 in a research issued note to investors on Wednesday. They currently have a ?buy? rating on the company?s shares.
Separately, analysts at JPMorgan Chase & Co. (NYSE: JPM) raised their price target on shares of Group 1 Automotive to $56.00 in a research note to investors on Wednesday, July 27th. Also, analysts at ThinkEquity initiated coverage on shares of Group 1 Automotive in a research note to investors on Friday, May 27th. They set a ?hold? rating on the stock.
Shares of Group 1 Automotive opened at 38.94 on Thursday. Group 1 Automotive has a 52 week low of $26.13 and a 52 week high of $49.82. The stock?s 50-day moving average is $41.63 and its 200-day moving average is $40.76. The company has a market cap of $865.9 million and a price-to-earnings ratio of 12.95.
Group 1 Automotive, Inc. last announced its quarterly results on Tuesday, July 26th. The company reported $1.06 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.81 EPS by $0.25. The company?s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts predict that Group 1 Automotive will post $0.85 EPS next quarter.
Group 1 Automotive, Inc. operates in the automotive retail industry. As of December 31, 2009, the Company owned and operated 124 franchises at 95 dealership locations and 22 collision service centers in the United States, and six franchises at three dealerships and two collision centers in the United Kingdom. Through its operating subsidiaries, the Company markets and sells a range of automotive products and services, including new and used vehicles and related financing, vehicle maintenance and repair services, replacement parts, warranty, insurance and extended service contracts. Its operations are primarily located in metropolitan areas in the states of Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New York, Oklahoma, South Carolina and Texas in the United States, and in the towns of Brighton, Hailsham and Worthing in the United Kingdom. In April 2010, the Company acquired Harrelson Toyota/Scion.
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