NEW YORK, June 1, 2017 /PRNewswire/ --
This morning, Stock-Callers.com explores the Service industry, which is that part of the economy that creates services rather than tangible objects. A services-dominated economy is characteristic of developed countries. Equities under review today are: Magna International Inc. (NYSE: MGA), O'Reilly Automotive Inc. (NASDAQ: ORLY), Advance Auto Parts Inc. (NYSE: AAP), and Penske Automotive Group Inc. (NYSE: PAG). Learn more about these stocks by downloading their free report at:
On Wednesday, shares in Aurora, Canada headquartered Magna International Inc. recorded a trading volume of 2.14 million shares, which was above their three months average volume of 1.46 million shares. The stock ended the session 0.71% lower at $44.79. The Company's shares have gained 6.69% in the last one month, 2.97% over the previous three months, and 3.20% on an YTD basis. The stock is trading 5.40% above its 50-day moving average and 5.69% above its 200-day moving average. Moreover, shares of Magna International, which designs, develops, and manufactures automotive systems, assemblies, modules, and components in North America, Europe, Asia, and South America, have a Relative Strength Index (RSI) of 56.55.
On May 12th, 2017, research firm TD Securities upgraded the Company's stock rating from 'Hold' to 'Buy'.
On May 15th, 2017, Magna International announced that it has developed ClearView™ to help improve visibility while changing lanes, backing out of a parking space, or driving with a vehicle full of cargo. The ClearView outside mirror combines a self-cleaning camera with a regulatory compliant side-view mirror to display a live feed inside the vehicle. The free research report on MGA is available at:
Springfield, Missouri headquartered O'Reilly Automotive Inc.'s stock closed the day 2.24% lower at $242.08. A total volume of 1.65 million shares was traded, which was above their three months average volume of 1.22 million shares. The Company's shares have advanced 0.16% in the past month. The stock is trading 5.85% below its 50-day moving average. Additionally, shares of O'Reilly Automotive, which together with its subsidiaries, engages in the retail of automotive aftermarket parts, tools, supplies, equipment, and accessories in the US, have an RSI of 37.95.
On May 10th, 2017, O'Reilly Automotive announced that its Board of Directors approved a resolution to increase the authorization amount under its share repurchase program by an additional $1 billion, raising the aggregate authorization under the program to $8.75 billion. The additional $1 billion authorization is effective for a three-year period, as of May 10th, 2017. The complimentary report on ORLY can be downloaded at:
Advance Auto Parts
Shares in Roanoke, Virginia headquartered Advance Auto Parts Inc. recorded a trading volume of 2.12 million shares, which was higher than their three months average volume of 1.21 million shares. The stock ended yesterday's trading session 0.48% higher at $133.63. The Company's shares are trading below their 50-day moving average by 7.54%. Furthermore, shares of Advance Auto Parts, which provides automotive replacement parts, accessories, batteries, and maintenance items for domestic and imported cars, vans, sport utility vehicles, and light and heavy duty trucks, have an RSI of 33.98.
On May 24th, 2017, the Company announced its financial results for Q1 ended April 22nd, 2017. GAAP earnings per diluted share were $1.46 for the quarter, and adjusted earnings per diluted share were $1.60, which exclude $0.14 of non-GAAP adjustments. Operating cash flow for Q1 2017 was $35.1 million, and free cash flow was $(30.2) million.
On May 25th, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $168 a share to $153 a share. Visit us today and download our complete research report on AAP for free at:
Bloomfield Hills, Michigan headquartered Penske Automotive Group Inc.'s stock finished Wednesday's session 0.12% higher at $42.35 with a total trading volume of 414,770 shares. The Company's shares are trading below their 50-day moving average by 6.80%. Shares of the Company, which operates as a transportation services company, have an RSI of 38.39.
On May 10th, 2017, Penske Automotive announced that its Board of Directors has approved an increase in the Company's cash dividend to $0.31 per share for Q1 2017. The dividend is payable on June 01st, 2017 to shareholders of record on May 22nd, 2017. Get free access to your technical report on PAG at:
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