Group 1 Automotive (NYSE: GPI) was upgraded by equities research analysts at ThinkEquity from a ?hold? rating to a ?buy? rating in a research note issued to investors on Tuesday.
Separately, analysts at Stifel Nicolaus initiated coverage on shares of Group 1 Automotive in a research note to investors on Friday, September 23rd. They set a ?buy? rating and a $52.00 price target on the stock. Analysts at Ticonderoga cut their price target on shares of Group 1 Automotive from $58.00 to $53.00 in a research note to investors on Wednesday, September 7th. They now have a ?buy? rating on the stock. Also, 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.
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.
Shares of Group 1 Automotive traded up 2.97% during mid-day trading on Tuesday, hitting $40.16. Group 1 Automotive has a 52 week low of $29.01 and a 52 week high of $49.82. The stock?s 50-day moving average is $38.03 and its 200-day moving average is $40.20. The company has a market cap of $893.1 million and a price-to-earnings ratio of 12.97.
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