Shares of GP Strategies Corp. (NYSE:GPX) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokerages have set a twelve-month consensus price target of $28.67 for the company and are forecasting that the company will post $0.28 EPS for the current quarter, according to Zacks. Zacks has also assigned GP Strategies Corp. an industry rank of 202 out of 265 based on the ratings given to related companies.
GPX has been the subject of several research analyst reports. Zacks Investment Research upgraded GP Strategies Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, September 28th. B. Riley reiterated a “buy” rating and issued a $26.00 price objective on shares of GP Strategies Corp. in a report on Sunday, July 31st.
Shares of GP Strategies Corp. (NYSE:GPX) opened at 24.10 on Monday. The company has a market cap of $400.71 million, a P/E ratio of 21.89 and a beta of 1.26. The company’s 50-day moving average price is $24.42 and its 200 day moving average price is $23.67. GP Strategies Corp. has a one year low of $19.59 and a one year high of $28.59.
GP Strategies Corp. (NYSE:GPX) last issued its earnings results on Thursday, July 28th. The company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.03. GP Strategies Corp. had a net margin of 3.81% and a return on equity of 12.82%. The company had revenue of $125.50 million for the quarter, compared to analysts’ expectations of $127.96 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that GP Strategies Corp. will post $1.19 earnings per share for the current year.
In other news, Director Samuel D. Robinson bought 9,699 shares of the stock in a transaction dated Monday, October 10th. The stock was bought at an average price of $24.63 per share, for a total transaction of $238,886.37. Following the purchase, the director now directly owns 250 shares in the company, valued at approximately $6,157.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director A Marvin Strait bought 1,500 shares of the stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $22.55 per share, with a total value of $33,825.00. Following the purchase, the director now owns 29,933 shares in the company, valued at $674,989.15. The disclosure for this purchase can be found here. 24.90% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GPX. AlphaOne Investment Services LLC boosted its position in GP Strategies Corp. by 4.1% in the first quarter. AlphaOne Investment Services LLC now owns 137,591 shares of the company’s stock worth $3,771,000 after buying an additional 5,405 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in GP Strategies Corp. during the second quarter worth approximately $4,476,000. Envestnet Asset Management Inc. boosted its position in GP Strategies Corp. by 13.5% in the first quarter. Envestnet Asset Management Inc. now owns 27,238 shares of the company’s stock worth $746,000 after buying an additional 3,245 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in GP Strategies Corp. by 6.1% in the first quarter. Metropolitan Life Insurance Co. NY now owns 9,228 shares of the company’s stock worth $253,000 after buying an additional 527 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in GP Strategies Corp. by 10.8% in the first quarter. Renaissance Technologies LLC now owns 37,994 shares of the company’s stock worth $1,041,000 after buying an additional 3,694 shares during the last quarter. Institutional investors own 88.88% of the company’s stock.
About GP Strategies Corp.
GP Strategies Corporation (GP Strategies) is a global performance improvement solutions provider of sales and technical training, e-learning solutions, management consulting and engineering services. The Company operates in five segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, RWD and Energy Services.