GP Strategies Corp. (NYSE:GPX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a one year consensus price objective of $28.67 for the company and are anticipating that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also given GP Strategies Corp. an industry rank of 197 out of 265 based on the ratings given to related companies.
GPX has been the topic of a number of recent research reports. Zacks Investment Research cut GP Strategies Corp. from a “hold” rating to a “strong sell” rating in a report on Monday, August 1st. B. Riley reaffirmed a “buy” rating and issued a $26.00 target price on shares of GP Strategies Corp. in a research report on Sunday, July 31st.
In other news, Director A Marvin Strait acquired 1,500 shares of GP Strategies Corp. stock in a transaction that occurred on Tuesday, August 2nd. The stock was purchased at an average price of $22.55 per share, with a total value of $33,825.00. Following the completion of the transaction, the director now owns 29,933 shares in the company, valued at $674,989.15. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Deborah Ung sold 1,164 shares of GP Strategies Corp. stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $24.55, for a total value of $28,576.20. Following the sale, the insider now directly owns 15,435 shares of the company’s stock, valued at approximately $378,929.25. The disclosure for this sale can be found here. 24.90% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Cove Street Capital LLC boosted its stake in GP Strategies Corp. by 45.6% in the second quarter. Cove Street Capital LLC now owns 1,108,546 shares of the company’s stock worth $24,045,000 after buying an additional 347,003 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in shares of GP Strategies Corp. during the second quarter worth $4,476,000. Thomson Horstmann & Bryant Inc. boosted its stake in shares of GP Strategies Corp. by 18.7% in the second quarter. Thomson Horstmann & Bryant Inc. now owns 342,052 shares of the company’s stock worth $7,419,000 after buying an additional 53,980 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of GP Strategies Corp. by 9.0% in the second quarter. Neuberger Berman Group LLC now owns 282,275 shares of the company’s stock worth $6,123,000 after buying an additional 23,244 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of GP Strategies Corp. by 3.2% in the second quarter. Vanguard Group Inc. now owns 556,631 shares of the company’s stock worth $12,073,000 after buying an additional 17,127 shares in the last quarter. 88.88% of the stock is owned by hedge funds and other institutional investors.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.35 on Monday. GP Strategies Corp. has a 1-year low of $19.59 and a 1-year high of $28.59. The stock has a 50 day moving average price of $24.43 and a 200-day moving average price of $23.68. The firm has a market cap of $404.87 million, a price-to-earnings ratio of 22.12 and a beta of 1.26.
GP Strategies Corp. (NYSE:GPX) last issued its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.03. The company earned $125.50 million during the quarter, compared to analyst estimates of $127.96 million. GP Strategies Corp. had a return on equity of 12.82% and a net margin of 3.81%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. On average, equities research analysts expect that GP Strategies Corp. will post $1.19 earnings per share for the current fiscal year.
About GP Strategies Corp.
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.
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