Positive Media Coverage Unlikely to Impact Group 1 Automotive (GPI) Share Price

News coverage about Group 1 Automotive (NYSE:GPI) has been trending positive this week, according to AlphaOne Sentiment. AlphaOne, a unit of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Group 1 Automotive earned a daily sentiment score of 0.45 on AlphaOne’s scale. AlphaOne also gave news articles about the company an impact score of 34 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the immediate future.

Several research firms recently issued reports on GPI. Zacks Investment Research raised shares of Group 1 Automotive from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research report on Tuesday, April 4th. CL King downgraded shares of Group 1 Automotive from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 10th. Finally, Susquehanna Bancshares Inc began coverage on shares of Group 1 Automotive in a research report on Wednesday, February 1st. They issued a “neutral” rating and a $72.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.33.

Group 1 Automotive (NYSE:GPI) traded down 1.49% during trading on Friday, reaching $70.11. 312,997 shares of the company’s stock were exchanged. Group 1 Automotive has a 12 month low of $47.31 and a 12 month high of $83.18. The firm has a 50 day moving average of $72.59 and a 200-day moving average of $72.87. The stock has a market cap of $1.44 billion, a PE ratio of 10.51 and a beta of 1.51.

Group 1 Automotive (NYSE:GPI) last posted its earnings results on Thursday, February 2nd. The company reported $1.74 earnings per share for the quarter, beating analysts’ consensus estimates of $1.66 by $0.08. Group 1 Automotive had a return on equity of 17.88% and a net margin of 1.31%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the prior year, the company earned $1.51 earnings per share. Group 1 Automotive’s revenue was up .0% on a year-over-year basis. On average, equities research analysts anticipate that Group 1 Automotive will post $7.80 earnings per share for the current fiscal year.

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About Group 1 Automotive

Group 1 Automotive, Inc is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts.

5 Day Chart for NYSE:GPI

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