Penske Automotive Group (PAG) Investors: Bank of America Maintains “Buy” Rating, Sees $60/Share; Middleby (MIDD) Has 0.8 Sentiment

The Middleby Corporation designs, manufactures, markets, distributes, and services commercial foodservice, food processing, and residential kitchen equipment in the United States, Canada, Asia, Europe, the Middle East, and Latin America. The company has market cap of $7.38 billion. The Company’s Commercial Foodservice Equipment Group segment offers cooking and warming equipment for quick-service restaurants, full-service restaurants, convenience stores, retail outlets, hotels, and other institutions. It has a 24.79 P/E ratio. This segment provides conveyor, combi, convection, baking, proofing, deck, speed cooking, and hydrovection ovens; and ranges, fryers, rethermalizers, steam cooking equipment, warming equipment, heated cabinets, charbroilers, ventless cooking systems, kitchen ventilation, induction cooking equipment, countertop cooking equipment, toasters, professional refrigerators, blast chillers, coldrooms, ice machines, freezers, and beverage dispensing equipment.

Among 8 analysts covering Penske Automotive Group (NYSE:PAG), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Penske Automotive Group has $68 highest and $48 lowest target. $56.80’s average target is 19.63% above currents $47.48 stock price. Penske Automotive Group had 13 analyst reports since October 14, 2015 according to SRatingsIntel. Gabelli downgraded the stock to “Hold” rating in Thursday, September 15 report. Susquehanna initiated Penske Automotive Group, Inc. (NYSE:PAG) on Thursday, February 2 with “Positive” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 3 with “Hold”. Gabelli upgraded the shares of PAG in report on Friday, April 28 to “Buy” rating. The rating was maintained by KeyBanc Capital Markets with “Hold” on Thursday, August 31. The stock of Penske Automotive Group, Inc. (NYSE:PAG) earned “Sell” rating by Evercore on Thursday, October 13. Seaport Global initiated the shares of PAG in report on Tuesday, August 9 with “Neutral” rating. As per Friday, February 9, the company rating was maintained by Bank of America. As per Monday, November 13, the company rating was maintained by KeyBanc Capital Markets. KeyBanc Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, June 28 report.

The stock decreased 0.90% or $0.43 during the last trading session, reaching $47.48. About 100,313 shares traded. Penske Automotive Group, Inc. (NYSE:PAG) has risen 20.45% since February 9, 2017 and is uptrending. It has outperformed by 3.75% the S&P500.

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.38, from 0.9 in 2017Q2. It increased, as 26 investors sold Penske Automotive Group, Inc. shares while 55 reduced holdings. 42 funds opened positions while 62 raised stakes. 34.35 million shares or 3.33% more from 33.24 million shares in 2017Q2 were reported. Ubs Asset Management Americas invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). First Republic Incorporated holds 0% or 7,973 shares. Northwestern Mutual Wealth Mngmt owns 0% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 134 shares. Parallax Volatility Advisers Lp has invested 0% in Penske Automotive Group, Inc. (NYSE:PAG). Fruth, a Texas-based fund reported 9,700 shares. Parametrica Management Limited invested in 7,331 shares. Armistice Limited Liability Company stated it has 0.69% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Amp Cap Invsts Limited holds 11,651 shares or 0% of its portfolio. Glenmede Na reported 0% of its portfolio in Penske Automotive Group, Inc. (NYSE:PAG). Griffin Asset holds 0.1% in Penske Automotive Group, Inc. (NYSE:PAG) or 11,295 shares. Bluecrest Cap Mngmt Ltd reported 6,660 shares. Ellington Mgmt Group Ltd Liability reported 5,100 shares. Columbia Prtnrs L L C Inv Management accumulated 41,145 shares. Victory Cap Mngmt Inc owns 0.06% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 565,780 shares. Moreover, Dreman Value L L C has 0.03% invested in Penske Automotive Group, Inc. (NYSE:PAG) for 1,010 shares.

Since October 20, 2017, it had 2 insider buys, and 1 insider sale for $50.00 million activity. MITSUI & CO LTD had sold 1.10M shares worth $50.00M on Friday, October 20. PENSKE CORP bought $50.00 million worth of Penske Automotive Group, Inc. (NYSE:PAG) on Friday, October 20. PENSKE ROGER S had bought 1.10 million shares worth $50.00 million on Friday, October 20.

Penske Automotive Group, Inc. operates as a transportation services company. The company has market cap of $4.07 billion. The firm operates through Retail Automotive, Retail Commercial Truck, Other, and Non-Automotive Investments divisions. It has a 11.13 P/E ratio. It operates automotive and commercial truck dealerships principally in the United States, Canada, and Western Europe; and distributes commercial vehicles, diesel engines, gas engines, power systems, and related parts and services primarily in Australia and New Zealand.

Analysts await The Middleby Corporation (NASDAQ:MIDD) to report earnings on February, 27. They expect $1.49 earnings per share, up 5.67% or $0.08 from last year’s $1.41 per share. MIDD’s profit will be $83.31 million for 22.16 P/E if the $1.49 EPS becomes a reality. After $1.36 actual earnings per share reported by The Middleby Corporation for the previous quarter, Wall Street now forecasts 9.56% EPS growth.

The stock increased 0.61% or $0.795 during the last trading session, reaching $132.055. About 156,712 shares traded. The Middleby Corporation (MIDD) has risen 8.18% since February 9, 2017 and is uptrending. It has underperformed by 8.52% the S&P500.

Ratings analysis reveals 33% of Middleby’s analysts are positive. Out of 3 Wall Street analysts rating Middleby, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $123.0 while the high is $157.0. The stock’s average target of $140 is 6.02% above today’s ($132.055) share price. MIDD was included in 3 notes of analysts from September 7, 2016. The firm has “Hold” rating given on Wednesday, September 7 by Deutsche Bank. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Neutral” rating by Macquarie Research on Thursday, December 15. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Overweight” rating by KeyBanc Capital Markets on Tuesday, February 14.

Ci Global Investments Inc. holds 5.45% of its portfolio in The Middleby Corporation for 2.12 million shares. Disciplined Growth Investors Inc Mn owns 1.63 million shares or 4.38% of their US portfolio. Moreover, Crestwood Capital Management L.P. has 3.72% invested in the company for 54,210 shares. The Rhode Island-based Weybosset Research & Management Llc has invested 3.56% in the stock. Suncoast Equity Management, a Florida-based fund reported 94,545 shares.

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