Ratings Don’t Lie: Time To Sell Paragon Group Of Companies (LON:PAG), Bank of America Downgrades It

November 24, 2016 - By Adrian Mccoy

Paragon Group Of Companies (LON:PAG) Downgrade

Bank of America gave Paragon Group Of Companies (LON:PAG) shares a new Underperform rating in analysts report sent to clients and investors on Thursday, 24 November. The firm’s target price on the stock is GBX 360.00.

Paragon Group of Companies PLC (LON:PAG) Ratings Coverage

Out of 11 analysts covering Paragon Group of Companies The PLC (LON:PAG), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. GBX 536 is the highest target while GBX 230 is the lowest. The GBX 385.80 average target is 10.73% above today’s (GBX 348.41) stock price. Paragon Group of Companies The PLC has been the topic of 75 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Liberum Capital with “Buy” on Monday, August 1. The stock of Paragon Group of Companies PLC (LON:PAG) has “Equal Weight” rating given on Tuesday, October 4 by Barclays Capital. The stock has “Buy” rating given by Peel Hunt on Monday, February 22. The stock of Paragon Group of Companies PLC (LON:PAG) earned “Overweight” rating by Barclays Capital on Thursday, September 17. The stock has “Reduce” rating given by Numis Securities on Tuesday, October 6. The firm has “Overweight” rating by Barclays Capital given on Monday, October 5. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, June 29. The firm has “Buy” rating given on Tuesday, May 24 by Peel Hunt. Liberum Capital maintained Paragon Group of Companies PLC (LON:PAG) on Wednesday, January 27 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, September 23 with “Outperform”.

The stock decreased 5.96% or GBX 22.09 on November 24, hitting GBX 348.41. About 1.26M shares traded hands or 88.14% up from the average. Paragon Group of Companies PLC (LON:PAG) has risen 19.44% since April 27, 2016 and is uptrending. It has outperformed by 14.03% the S&P500.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on February, 9. They expect $0.87 earnings per share, up 7.41% or $0.06 from last year’s $0.81 per share. PAG’s profit will be $74.27M for 14.20 P/E if the $0.87 EPS becomes a reality. After $1.03 actual earnings per share reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -15.53% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.19, from 1.15 in 2016Q1. The ratio worsened, as 26 funds sold all Paragon Group of Companies PLC shares owned while 63 reduced positions. 34 funds bought stakes while 68 increased positions. They now own 33.69 million shares or 0.84% less from 33.98 million shares in 2016Q1.

Diam Ltd accumulated 44,105 shares or 0.02% of the stock. Goodnow Grp Ltd Liability Corporation accumulated 1.63% or 222,124 shares. Moreover, Denali Advsrs Ltd Liability Com has 0.21% invested in Paragon Group of Companies PLC (LON:PAG) for 38,300 shares. Sunbelt Secs last reported 0% of its portfolio in the stock. Hhr Asset Mgmt Limited Liability accumulated 550,460 shares or 0.88% of the stock. Airain Limited holds 0.03% of its portfolio in Paragon Group of Companies PLC (LON:PAG) for 13,898 shares. Tiaa Cref Mngmt Limited Liability Co reported 60,208 shares or 0% of all its holdings. Da Davidson And holds 2,583 shares or 0% of its portfolio. Clinton Group has 0.04% invested in the company for 30,230 shares. Credit Suisse Ag last reported 68,140 shares in the company. The Delaware-based Blackrock Limited Liability has invested 0% in Paragon Group of Companies PLC (LON:PAG). Moreover, Raymond James Associate has 0% invested in Paragon Group of Companies PLC (LON:PAG) for 38,074 shares. Blackrock Institutional Trust Na accumulated 1.74M shares or 0.01% of the stock. The California-based Blackrock Fund Advsrs has invested 0% in Paragon Group of Companies PLC (LON:PAG). Moreover, Dudley And Shanley Limited has 4.62% invested in Paragon Group of Companies PLC (LON:PAG) for 644,550 shares.

Insider Transactions: Since July 29, 2016, the stock had 18 buys, and 1 insider sale for $226.27 million net activity. PENSKE ROGER S had bought 710,121 shares worth $27.76 million. The insider PENSKE CORP bought $27.76 million. On Monday, September 12 Spradlin Shane M. sold $236,719 worth of the stock or 4,900 shares.

The Paragon Group of Companies PLC is engaged in specialist financial services business. The company has a market cap of 985.06 million GBP. The Firm operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios. It has a 9.25 P/E ratio. The Company’s operating divisions include Paragon Mortgages, Idem Capital and Paragon Bank.

According to Zacks Investment Research, “United Auto Group, Inc. is a leading acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. As an integral part of its dealership operations, they also sells used vehicles. All of the franchised dealerships include integrated service and parts operations, which are an important source of recurring revenues. In addition, these dealerships market a complete line of aftermarket automotive products and services through its wholly owned subsidiaries United Auto Care, Inc. and United Auto Care Products, Inc.”

PAG Company Profile

Penske Automotive Group, Inc., incorporated on December 6, 1990, is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include the Company’s retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.

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