Group 1 Automotive (GPI) Hold Rating Reiterated at KeyBanc; Comerica Bank Lowered Bunge Limited (BG) Stake By $385,040

November 14, 2017 - By Richard Conner

Comerica Bank decreased Bunge Limited (BG) stake by 35.55% reported in 2017Q2 SEC filing. Comerica Bank sold 4,813 shares as Bunge Limited (BG)’s stock declined 10.41%. The Comerica Bank holds 8,727 shares with $699,000 value, down from 13,540 last quarter. Bunge Limited now has $9.32 billion valuation. The stock decreased 1.25% or $0.84 during the last trading session, reaching $66.31. About shares traded. Bunge Ltd (NYSE:BG) has risen 14.04% since November 14, 2016 and is uptrending. It has underperformed by 2.66% the S&P500.

Among 12 analysts covering Group 1 Automotive (NYSE:GPI), 1 have Buy rating, 1 Sell and 10 Hold. Therefore 8% are positive. Group 1 Automotive has $108 highest and $62 lowest target. $79.80’s average target is 2.94% above currents $77.52 stock price. Group 1 Automotive had 17 analyst reports since September 17, 2015 according to SRatingsIntel. The company was initiated on Thursday, February 2 by Susquehanna. The stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Hold” rating given on Thursday, September 7 by Goldman Sachs. The firm earned “Underweight” rating on Wednesday, April 13 by Morgan Stanley. The firm has “Sector Weight” rating by KeyBanc Capital Markets given on Friday, February 12. The firm has “Neutral” rating given on Tuesday, August 9 by Seaport Global. The firm earned “Neutral” rating on Monday, November 13 by Buckingham Research. The stock of Group 1 Automotive, Inc. (NYSE:GPI) has “Hold” rating given on Thursday, August 31 by KeyBanc Capital Markets. The rating was upgraded by Buckingham Research on Wednesday, July 20 to “Buy”. As per Thursday, September 17, the company rating was upgraded by Sidoti. Goldman Sachs downgraded the stock to “Sell” rating in Tuesday, November 22 report.

Comerica Bank increased Bank Of The Ozarks Inc (NASDAQ:OZRK) stake by 23,755 shares to 95,593 valued at $4.53 million in 2017Q2. It also upped Vanguard Small (VBR) stake by 7,753 shares and now owns 25,334 shares. F N B Corp Pa (NYSE:FNB) was raised too.

Among 9 analysts covering Bunge Limited (NYSE:BG), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Bunge Limited had 28 analyst reports since July 31, 2015 according to SRatingsIntel. BMO Capital Markets upgraded Bunge Ltd (NYSE:BG) on Tuesday, September 29 to “Outperform” rating. The stock has “Buy” rating by Piper Jaffray on Thursday, July 20. The rating was maintained by Citigroup on Friday, April 29 with “Buy”. The firm has “Buy” rating given on Monday, June 12 by BMO Capital Markets. JP Morgan downgraded the shares of BG in report on Thursday, April 6 to “Underweight” rating. The company was downgraded on Monday, August 3 by TheStreet. The stock of Bunge Ltd (NYSE:BG) earned “Outperform” rating by Credit Suisse on Tuesday, September 29. The stock has “Buy” rating by BMO Capital Markets on Wednesday, August 23. Goldman Sachs downgraded the shares of BG in report on Monday, March 20 to “Neutral” rating. Credit Suisse maintained Bunge Ltd (NYSE:BG) rating on Friday, May 5. Credit Suisse has “Buy” rating and $80 target.

Investors sentiment decreased to 0.8 in 2017 Q2. Its down 0.44, from 1.24 in 2017Q1. It worsened, as 69 investors sold BG shares while 136 reduced holdings. 61 funds opened positions while 104 raised stakes. 110.83 million shares or 0.16% less from 111.01 million shares in 2017Q1 were reported. Chicago Equity Ptnrs Llc accumulated 29,630 shares. Moreover, Principal Fin Gp Incorporated has 0% invested in Bunge Ltd (NYSE:BG) for 16,173 shares. Commonwealth Fincl Bank Of Australia has invested 0.1% in Bunge Ltd (NYSE:BG). Nationwide Fund Advsr stated it has 104,862 shares. Advsrs Asset Mngmt reported 0.04% in Bunge Ltd (NYSE:BG). Sarasin And Prtn Limited Liability Partnership holds 0.07% of its portfolio in Bunge Ltd (NYSE:BG) for 50,000 shares. Foster And Motley invested 0.72% in Bunge Ltd (NYSE:BG). Ajo Limited Partnership holds 0.49% in Bunge Ltd (NYSE:BG) or 1.53M shares. Dubuque Comml Bank & accumulated 475 shares or 0.01% of the stock. National Bank & Trust Of New York Mellon invested in 0.01% or 533,748 shares. Wells Fargo & Mn invested in 0.02% or 783,708 shares. Gabelli Funds has invested 0.01% of its portfolio in Bunge Ltd (NYSE:BG). Scotia invested 0.01% of its portfolio in Bunge Ltd (NYSE:BG). Winslow Evans & Crocker invested in 2,895 shares. X Mngmt reported 5,210 shares or 0.01% of all its holdings.

Analysts await Bunge Ltd (NYSE:BG) to report earnings on February, 21. They expect $1.80 earnings per share, up 5.88% or $0.10 from last year’s $1.7 per share. BG’s profit will be $252.99 million for 9.21 P/E if the $1.80 EPS becomes a reality. After $0.75 actual earnings per share reported by Bunge Ltd for the previous quarter, Wall Street now forecasts 140.00% EPS growth.

Group 1 Automotive, Inc. is an operator in the automotive retail industry. The company has market cap of $1.62 billion. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. It has a 12.25 P/E ratio. The Firm operates through three divisions: the U.S., which includes the activities of its corporate office, the United Kingdom and Brazil.

Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on February, 1. They expect $1.85 earnings per share, up 6.32% or $0.11 from last year’s $1.74 per share. GPI’s profit will be $38.66 million for 10.48 P/E if the $1.85 EPS becomes a reality. After $2.23 actual earnings per share reported by Group 1 Automotive, Inc. for the previous quarter, Wall Street now forecasts -17.04% negative EPS growth.

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