Diamond Offshore Drilling, Inc. (DO) Forms $19.01 Double Top; Penske Automotive Group Has 1.08 Sentiment

May 24, 2018 - By Winifred Garcia

Penske Automotive Group, Inc. (NYSE:PAG) Logo

Penske Automotive Group Inc (PAG) investors sentiment decreased to 1.08 in 2017 Q4. It’s down -0.20, from 1.28 in 2017Q3. The ratio fall, as 99 investment managers opened new and increased equity positions, while 92 cut down and sold their holdings in Penske Automotive Group Inc. The investment managers in our database now possess: 34.38 million shares, up from 34.35 million shares in 2017Q3. Also, the number of investment managers holding Penske Automotive Group Inc in top ten equity positions decreased from 2 to 0 for a decrease of 2. Sold All: 27 Reduced: 65 Increased: 67 New Position: 32.

Diamond Offshore Drilling, Inc. (DO) formed double top with $19.96 target or 5.00% above today’s $19.01 share price. Diamond Offshore Drilling, Inc. (DO) has $2.61 billion valuation. The stock decreased 1.14% or $0.22 during the last trading session, reaching $19.01. About 329,178 shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 5.41% since May 24, 2017 and is downtrending. It has underperformed by 16.96% the S&P500.

The stock decreased 0.02% or $0.01 during the last trading session, reaching $47.87. About 95,144 shares traded. Penske Automotive Group, Inc. (PAG) has declined 7.69% since May 24, 2017 and is downtrending. It has underperformed by 19.24% the S&P500.

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 6.71 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.

More important recent Penske Automotive Group, Inc. (NYSE:PAG) news were published by: Seekingalpha.com which released: “Penske Automotive Group’s (PAG) CEO Roger Penske on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018, also Prnewswire.com published article titled: “Penske Automotive Increases Dividend”, Seekingalpha.com published: “Congress slaps down CFPB’s auto lending guidance” on May 09, 2018. More interesting news about Penske Automotive Group, Inc. (NYSE:PAG) was released by: Globenewswire.com and their article: “Investor Expectations to Drive Momentum within Aerohive Networks, M/I Homes, bluebird bio, Penske Automotive …” with publication date: May 15, 2018.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on July, 26. They expect $1.41 EPS, up 11.02% or $0.14 from last year’s $1.27 per share. PAG’s profit will be $119.82 million for 8.49 P/E if the $1.41 EPS becomes a reality. After $1.25 actual EPS reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts 12.80% EPS growth.

Ratings analysis reveals 50% of Penske Auto’s analysts are positive. Out of 2 Wall Street analysts rating Penske Auto, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. PAG was included in 2 notes of analysts from September 15, 2016. The firm has “Hold” rating given on Thursday, September 15 by Gabelli. The rating was initiated by Susquehanna with “Positive” on Thursday, February 2.

Bruni J V & Co Co holds 2.24% of its portfolio in Penske Automotive Group, Inc. for 277,066 shares. Edmp Inc. owns 41,595 shares or 1.89% of their US portfolio. Moreover, Connors Investor Services Inc has 1.64% invested in the company for 238,724 shares. The California-based Old West Investment Management Llc has invested 1.63% in the stock. Ksa Capital Management Llc, a New Jersey-based fund reported 15,000 shares.

Since January 1, 0001, it had 1 buying transaction, and 1 sale for $49.81 million activity.

Since May 2, 2018, it had 0 buys, and 2 selling transactions for $2.16 million activity. Another trade for 32,718 shares valued at $595,468 was made by Edwards Marc Gerard Rex on Wednesday, May 2.

Investors sentiment decreased to 0.9 in 2017 Q4. Its down 0.39, from 1.29 in 2017Q3. It dived, as 40 investors sold Diamond Offshore Drilling, Inc. shares while 66 reduced holdings. 40 funds opened positions while 55 raised stakes. 144.48 million shares or 3.73% less from 150.07 million shares in 2017Q3 were reported. Ameriprise Incorporated owns 895,003 shares. Retirement Of Alabama invested 0.01% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Louisiana State Employees Retirement Systems reported 16,300 shares or 0.01% of all its holdings. Aimz Advsrs Ltd Company reported 38,947 shares. 295,600 are held by Oz Mngmt Lp. Barclays Public Ltd Llc invested in 40,444 shares or 0% of the stock. Invesco has invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). 347,840 are owned by Principal Gp Incorporated. Point72 Asia (Hong Kong) Ltd holds 0% or 5 shares in its portfolio. Aperio Group Lc holds 0.03% or 334,469 shares. Delta Asset Mngmt Lc Tn accumulated 0% or 36 shares. Alliancebernstein Ltd Partnership stated it has 112,972 shares. Regions Fincl Corporation has invested 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Teacher Retirement System Of Texas holds 0% or 22,982 shares in its portfolio. Pnc Fincl Grp holds 1,787 shares or 0% of its portfolio.

Among 36 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Buy rating, 13 Sell and 17 Hold. Therefore 17% are positive. Diamond Offshore Drilling Inc. has $26 highest and $9.33 lowest target. $16.64’s average target is -12.47% below currents $19.01 stock price. Diamond Offshore Drilling Inc. had 93 analyst reports since August 5, 2015 according to SRatingsIntel. Credit Suisse downgraded the stock to “Underperform” rating in Friday, April 13 report. As per Wednesday, April 18, the company rating was maintained by Bank of America. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Neutral” rating by Seaport Global on Wednesday, June 21. FBR Capital upgraded the shares of DO in report on Tuesday, October 10 to “Hold” rating. Cowen & Co maintained the stock with “Hold” rating in Friday, April 13 report. The rating was maintained by Citigroup with “Neutral” on Thursday, August 25. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Hold” rating by Susquehanna on Friday, January 12. The firm has “Hold” rating given on Friday, August 25 by Jefferies. The company was downgraded on Friday, October 7 by Seaport Global Securities. The firm earned “Underweight” rating on Tuesday, January 23 by Barclays Capital.

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on July, 30. They expect $-0.26 earnings per share, down 157.78% or $0.71 from last year’s $0.45 per share. After $-0.16 actual earnings per share reported by Diamond Offshore Drilling, Inc. for the previous quarter, Wall Street now forecasts 62.50% negative EPS growth.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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By1 Winifred Garcia

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