Zacks Investment Research upgraded shares of GP Strategies (NYSE:GPX) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday, January 3rd. They currently have $29.00 price objective on the stock.

According to Zacks, “GP Strategies Corporation, whose operating subsidiary is General Physics Corporation, is a NYSE listed company. General Physics is a global provider of training and e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions that enhance an organization’s people, processes or technology. “

Several other analysts have also issued reports on the stock. TheStreet lowered shares of GP Strategies from a b- rating to a c rating in a research report on Friday, November 17th. B. Riley reaffirmed a hold rating and set a $24.50 price target on shares of GP Strategies in a report on Tuesday, December 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $29.67.

Shares of GP Strategies (GPX) traded up $0.12 during mid-day trading on Wednesday, hitting $25.02. 10,540 shares of the stock were exchanged, compared to its average volume of 50,378. GP Strategies has a 52-week low of $22.30 and a 52-week high of $31.25. The company has a market capitalization of $421.27, a price-to-earnings ratio of 21.14, a PEG ratio of 1.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.40 and a quick ratio of 1.40.

GP Strategies (NYSE:GPX) last announced its earnings results on Thursday, November 2nd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03. The company had revenue of $124.10 million during the quarter, compared to analyst estimates of $125.01 million. GP Strategies had a net margin of 3.95% and a return on equity of 12.16%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 earnings per share. sell-side analysts forecast that GP Strategies will post 1.04 EPS for the current year.

GP Strategies declared that its board has approved a stock repurchase program on Wednesday, November 22nd that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Hedge funds have recently added to or reduced their stakes in the company. AlphaOne Investment Services LLC increased its position in GP Strategies by 14.9% during the second quarter. AlphaOne Investment Services LLC now owns 213,216 shares of the company’s stock valued at $5,630,000 after acquiring an additional 27,677 shares during the last quarter. First Trust Advisors LP bought a new position in GP Strategies during the third quarter valued at $408,000. Neuberger Berman Group LLC increased its position in GP Strategies by 3.1% during the second quarter. Neuberger Berman Group LLC now owns 520,161 shares of the company’s stock valued at $13,732,000 after acquiring an additional 15,845 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in GP Strategies by 23.1% during the third quarter. Oppenheimer Asset Management Inc. now owns 41,529 shares of the company’s stock valued at $1,281,000 after acquiring an additional 7,785 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in GP Strategies by 1.5% during the third quarter. Dimensional Fund Advisors LP now owns 979,414 shares of the company’s stock valued at $30,215,000 after acquiring an additional 14,599 shares during the last quarter. 88.94% of the stock is currently owned by hedge funds and other institutional investors.

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GP Strategies Company Profile

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.

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