46.00 -0.08 (-0.17%)
After hours: 7:56PM EDT
|Bid||46.12 x 900|
|Ask||46.14 x 800|
|Day's Range||45.23 - 46.85|
|52 Week Range||38.49 - 53.84|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||8.34|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||1.46 (3.27%)|
|1y Target Est||59.75|
Penske Truck Leasing has opened commercial heavy-duty electric vehicle charging stations with 14 high-speed chargers at four of its existing facilities in Southern California. According to Penske, these are the first direct current (DC) fast-charging stations in the U.S. designed specifically for heavy-duty commercial electric vehicles. "We're committed to being at the forefront of commercial vehicle electrification," said Brian Hard, President and CEO of Penske Truck Leasing.
Penske (PAG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
BLOOMFIELD HILLS, Mich. , April 10, 2019 /PRNewswire/ -- Penske Automotive Group, Inc. (NYSE:PAG), an international transportation services company, will host its first quarter financial results conference ...
Today we are going to look at Penske Automotive Group, Inc. (NYSE:PAG) to see whether it might be an attractive investment prospect. Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting s...
Penske Automotive Group Inc NYSE:PAGView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output in this company's sector is expanding Bearish sentimentShort interest | NeutralShort interest is moderate for PAG with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. The $1.28 billion in inflows that ETFs holding PAG received over the last one-month is a decline from earlier in the period and among the weakest of the past year. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Penske Automotive (PAG) have what it takes? Let's find out.
Without having reached a full quarter for the new year, the markets have already flashed frustrating signals. Unfortunately, a promising start stalled early. Since late February, the Dow Jones is still down in negative territory. But despite these challenges, services stocks present a viable opportunity.The most obvious tailwind is that American society mostly transitioned to a service-based economy. According to the International Trade Administration, 80% of private-sector jobs are levered to the service industry. More critically, we're really good at what we do.For the past year, President Donald Trump complained bitterly about trade-imbalances with other nations, particularly China. However, the Trump administration never says a word about the services trade, where we enjoy a robust surplus. Naturally, this dynamic boosts the case for services stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother favorable factor is that several publicly traded companies in this sector are also dividend stocks. During uncertain phases, these passive-income generating names provide practically-guaranteed returns. Additionally, dividend-payers tend to perform better during bear markets. * 7 Small-Cap Stocks That Make the Grade Finally, the service sector covers a wide range of opportunities. From retail to entertainment to communications, you'll have no shortage of options. Here are seven services stocks that will generate consistent, passive income for your portfolio: United Parcel Service (UPS)Source: Shutterstock Few service-based companies offer as much upside potential as e-commerce firms. However, popular names like Amazon (NASDAQ:AMZN) are not dividend stocks, but rather, operate purely on a capital-gains basis. So the next best thing is the transportation middleman, namely United Parcel Service (NYSE:UPS).Of course, the immediate criticism is that Amazon's venture into in-house product mailing solutions will completely disrupt UPS stock. Certainly, the situation looks bad for the courier. However, UPS responded with their own e-fulfillment service, and it has more credibility than Amazon can dream about.While I respect the e-commerce giant, UPS has an established transportation network. In terms of scales of economy, UPS stock easily wins out. Plus, the company pays out a generous dividend yield at 3.5%. You're just not going to get that with most services stocks levered purely to e-commerce. Penske Automotive Group (PAG)Source: Shutterstock With the advent and later dominance of ride-sharing apps like Uber and Lyft, the concept of buying cars is steadily becoming archaic. In my first-ever Uber ride, my driver told me his personal forecast: people will stop purchasing cars and transition to ride-sharing full-time.If such a prediction comes true, services stocks like Penske Automotive Group (NYSE:PAG) would simply implode. Although I'm not going to necessarily disagree with my driver -- gotta keep my five-star rating! -- the automotive still breathes.One of the main factors keeping PAG stock in the running is practicality. Sure, ride-sharing apps have added options to the mix. However, nothing beats the convenience and cost-savings of driving yourself to your desired destination. * 7 Single-Digit P/E Stocks With Massive Upside With Penske's massive dealership network, they consolidate whatever sales opportunities exist, eating alive the small guys. This stinks if you're on the receiving end of this tactic. However, for stakeholders in PAG stock, they're not complaining, especially because of its 3.6% yield. H&R Block (HRB)Source: Mike Mozart via FlickrAll services stocks provide important, and often necessary functions to society. However, no one has such an extreme love-hate dynamic like H&R Block (NYSE:HRB). Tax season is always a difficult time for families this time of year. Even if you're due for a refund, you don't like the paperwork involved.Of course, HRB stock makes a case for itself by alleviating this pressure for many families. This year, and moving forward, H&R Block presents an even more valuable service. That's because several taxpayers complained about the complexities and the surprise tax hit they incurred due to new laws.Moreover, the "gig economy" reshaped the labor force, with many (usually young) workers eschewing the corporate ladder for professional autonomy. Usually, though, this implies that these workers are independent contractors, which is a much more complicated tax process than being a run-of-the-mill employee.As such, you can expect HRB stock to significantly rise higher. And if not, the company is among the higher-paying dividend stocks, with a 4.1% yield. Verizon (VZ)Source: Shutterstock I'm usually not into dividend stocks as they don't fit my risk-taking personality. However, I recently took a shot with AT&T (NYSE:T). To summarize my bullish case for the telecom giant, I only need one "word," which obviously is 5G.However, AT&T isn't the only name among services stocks to benefit from the next-generation in wireless technology. Rival Verizon Communications (NYSE:VZ) offers similar fundamental upside. In fact, Verizon won a critical PR victory, becoming the first commercial 5G provider. But other reasons exist why you should consider VZ stock.While I'm partial to AT&T as an investment, the company has leveraged itself with aggressive acquisitions. If they don't pan out, T shares will have serious problems. True, VZ stock isn't perfect in this department, but it's more stable than its core competitor. * 5 Artificial Intelligence Stocks to Consider For this stability, you're not missing out that much in terms of passive income. Currently, Verizon offers a generous 4.1% dividend yield. BG Staffing (BGSF)Source: Flazingo Photos Via FlickrBack during the "analog" days, services stocks in the staff-sourcing industry had substantial relevancy. Primarily, organizations like BG Staffing (NYSEAMERICAN:BGSF) provided a useful platform for young workers to get their first professional job. Also, they helped get transitioning workers back on their feet.But with the rise of digitalization, along with social media outlets like Facebook (NASDAQ:FB), BGSF stock appears anachronistic. Often times, it's not about what you know, but who you know. Recent technologies have only made this adage frustratingly accurate, depending on your perspective.Still, I like BGSF stock and its chances to work its way out of its long-term funk. As I mentioned with H&R Block, BG Staffing benefits from the autonomous gig economy. Due to various factors such as changing employment dynamics, millennials won't typically stay at one job indefinitely.Admittedly, you'll probably need patience with BGSF stock. But while you're waiting, it's one of the highest-paying dividend stocks, featuring a 5% yield. Six Flags Entertainment (SIX)Source: Jeremy Thompson via FlickrMany investors have the mistaken impression that services stocks are boring; indeed, the name itself doesn't generate much excitement. However, this sector doesn't have to induce you into a coma, as renowned theme park Six Flags Entertainment (NYSE:SIX) proves.Famous (or notorious) for its stomach-churning rides, SIX stock has generated long-term gains since its initial public offering. Unfortunately, recent market sessions have offered the same diabolical sensations as you would get riding the theme park's "Full Throttle."Much of the volatility stems from SIX stock not recovering from its fourth-quarter 2018 earnings report. Although the company handily beat expectations for earnings per share, revenues disappointed against expectations. Six Flags delayed opening new locations in China due to its slowing economy. * 5 Chip Stocks to Watch Next Week However, don't forget that revenues have consistently increased over the years. Furthermore, a possible trade deal between the U.S. and China would skyrocket SIX stock. Because of the risks involved, the company pays out a 6.4% dividend yield. National CineMedia (NCMI)Source: ATLAS Social Media via FlickrI concede that National CineMedia (NASDAQ:NCMI) is a tough pill to swallow. The broader market downturn has disproportionately impacted services stocks related to the cineplex industry. Since the beginning of October, NCMI stock has dropped over 26%.Given the popularity of streaming-entertainment firms like Netflix (NASDAQ:NFLX), National CineMedia seemingly has no chance. However, I'd advise against knee-jerk reactions when assessing NCMI stock. The box office, though a legacy institution, remains very much relevant in the 21st century.How, you may ask? Simply, cineplex operators provide a social experience that streaming-related services stocks cannot. In dying shopping malls, astute developers refocused their efforts to provide event-based attractions for family-oriented Hispanic communities, to resounding successes. Against a comparable backdrop, NCMI stock may receive a similar lift.If nothing else, National CineMedia is one of the most generous, legitimate dividend stocks. With a yield of 9.4%, it's a risky but incredibly attractive proposition.As of this writing, Josh Enomoto was long AT&T stock. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Single-Digit P/E Stocks With Massive Upside * 7 Best Quantum Computing Stocks Trading Today Compare Brokers The post Top 7 Service Sector Stocks That Will Pay You to Own Them appeared first on InvestorPlace.
Love him or hate him, it's hard to deny Elon Musk's desire to push the envelope. Unfortunately, his hyperkinetic way of living sometimes produces negative results for Tesla (NASDAQ:TSLA) and Tesla stock.Source: Mike Lau via Flickr (Modified)InvestorPlace - Stock Market News, Stock Advice & Trading TipsTake the company's recent announcement that it would shift to an online sales model. The owners of Tesla stock were left scratching their heads. How do you sell cars without traditional showrooms? It's just wrong. Un-American. Not the way it's always been done. * The 10 Best Stocks to Buy for the Bull Market's Anniversary Sure, challenges will be created by Musk's plan to ditch Tesla's stores, but like everything the innovative company does, there's a method to Tesla's madness. "I think every business has its challenges, but they've done a pretty good job overall, I wouldn't be betting against them," Carvana (NYSE:CVNA) CEO Ernie Garcia said on Mar. 7 on CNBC. "I think when you buy a new car, questions are different, but the return policy is enormously powerful like it is on the used side. A customer knows they can return it." Why Don't Car Companies Sell Online?I've always wondered why car companies don't sell their vehicles online.I know the industry hasn't taken this step because it thinks that customers need to be coaxed into buying higher-priced cars, something that's nearly impossible to do online. But consumers today have become far more reliant on the internet to make decisions about buying cars; the visit to the dealership where the car is actually bought has become something of an afterthought. The last car I bought, a 2015 Jeep Cherokee, was purchased at the dealership where I got my previous vehicle serviced. In all my time owning vehicles, I'd never had an experience quite like the one this particular sales associate provided. When it came time to get a new vehicle, the Jeep was only one of many possible options. I bought the Cherokee primarily because I wanted to continue to utilize the dealer's service department. Now that I've moved from Toronto to Halifax and I don't have that relationship anymore, the odds of me buying another Jeep have gotten a lot slimmer. And that's not because I don't like the vehicle; I do. Every car I've ever purchased has involved an uncomfortable sales process. It's like going to the doctor for your annual examination, without the benefit of protecting your health. In other words, it's awkward and never fun. I don't know why it's so awful. It's All About the MarketingI think Tesla's stores were nothing but marketing tools. Five years ago, the stores might have been necessary. Today, everyone and his dog knows about the brand. Tesla is closing its stores to save money. It can use those savings to lower the actual prices of its vehicles. The company estimates the move will reduce the prices of its vehicles by 6%. That's a decent chunk of money even when a $35,000 Model 3 is involved.That's good news if you own Tesla stock.Also, Musk has said that TSLA needs to improve its service, which includes doing more work at customers' homes and offices. Imagine if TSLA could deliver a top-notch, online sales experience, including lower sticker prices, and follow it up with rock star service. Of course, the industry's going to have a problem with that, considering how much money dealerships have invested in real estate, buildings, etc. Tesla Stock Won't Be the Loser I think this is a brilliant move by Elon Musk. Busy people don't have time to dilly-dally in showrooms haggling over what size wheels come with the vehicle. That's so old school.Go online to any of the auto manufacturers' websites. You will see a link entitled "Build and Price" or something to that effect. So, you go through the process, and it tells you to go to a dealer near you. What's the point of offering this process if you can't press the "buy" button?A lot of questions have arisen about the risks involved in switching to an online sales model. Frankly, I'm not sure why these same experts aren't talking about the dangers of not making the change.At the end of the day, if you have stock in a business that owns automotive dealerships , say Penske Automotive (NYSE:PAG) , or you own shares of an automotive real-estate company, Tesla's latest move ought to make you terribly nervous. Even those who own shares of one of the traditional car manufacturers, such as Ford (NYSE:F). should be worried If you own Tesla stock, you can relax, since the future of automotive sales is online. As of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 15 Growth Stocks to Buy Under 15x Earnings * 7 Dark Horse Stocks That Deserve Your Attention in 2019 * 5 Disruptive Technologies That Are Moving Too Fast Compare Brokers The post Why Teslaas Shift to an Online Sales Model Is Positive for Tesla Stock appeared first on InvestorPlace.
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The Zacks Analyst Blog Highlights: Goodyear Tire & Rubber, Adient, Penske Automotive, CNH Industrial and Lithia Motors
Goodyear Tire (GT), Adient (ADNT) and Penske (PAG) report earnings & revenue miss while CNH Industrial (CNHI) and Lithia Motors (LAD) beat earnings and revenue estimates.
NEW YORK, NY / ACCESSWIRE / February 13, 2019 / Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary ...
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Penske Automotive (PAG) have what it takes? Let's find out.
Penske Automotive's (PAG) fourth-quarter 2018 earnings decline on the lack of product availability and delay in gaining WLTP certification for the western European unit.
Penske (PAG) delivered earnings and revenue surprises of -4.31% and -0.39%, respectively, for the quarter ended December 2018. Do the numbers hold clues to what lies ahead for the stock?