PAG is a buy
Shares of Penske Auto Group (PAG) seem to be basing and ready to move higher.
This thing is cheap with a TTM P/E of 6.2. Using consensus estimates for 2018 of $5.06 per share, it's trading at a forward P/E of 10.3.
The company offers a 3.1% dividend, and its 1 and 5 year dividend growth is 13% and 19%, respectively. With a payout ratio of 19%, there's still room to grow even more.
An important metric to watch when the company reports earnings on 4/25 will be growth... it's been on the decline the past few quarters, but I expect auto strength and transport strength bodes well.
I'm long the stock and May calls.
This thing is cheap with a TTM P/E of 6.2. Using consensus estimates for 2018 of $5.06 per share, it's trading at a forward P/E of 10.3.
The company offers a 3.1% dividend, and its 1 and 5 year dividend growth is 13% and 19%, respectively. With a payout ratio of 19%, there's still room to grow even more.
An important metric to watch when the company reports earnings on 4/25 will be growth... it's been on the decline the past few quarters, but I expect auto strength and transport strength bodes well.
I'm long the stock and May calls.
Zlecenie aktywne
As expected, PAG beat on the top and bottom lines. Unlike other names posting a beat, shares have not sold off intraday, which suggests some relative strength. To be fair, they haven't started the conference call yet... ;) I expect an increase in the div (they explicitly noted how many consecutive quarters they've raised it) over the next week or two to be announced, albeit a slight one.
Valuation is still compelling, technicals look productive, and I'm staying with this name longer-term. Here's a link to their report...
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