Asbury Automotive Group Inc. (ABG) Receives Average Recommendation of “Hold” from Brokerages
Asbury Automotive Group Inc. (NYSE:ABG) has been given an average rating of “Hold” by the nine analysts that are currently covering the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $72.00.
Several research analysts have commented on the company. TheStreet upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Wolfe Research assumed coverage on Asbury Automotive Group in a research note on Tuesday, September 13th. They issued a “market perform” rating for the company. Finally, Jefferies Group restated a “hold” rating and issued a $55.00 target price (down previously from $60.00) on shares of Asbury Automotive Group in a research note on Friday, October 28th.
Several hedge funds have recently added to or reduced their stakes in ABG. Fuller & Thaler Asset Management Inc. acquired a new stake in Asbury Automotive Group during the second quarter valued at $105,000. Canada Pension Plan Investment Board acquired a new stake in Asbury Automotive Group during the third quarter valued at $106,000. Tower Research Capital LLC TRC acquired a new stake in Asbury Automotive Group during the second quarter valued at $109,000. Huntington National Bank boosted its stake in Asbury Automotive Group by 224.6% in the second quarter. Huntington National Bank now owns 2,259 shares of the company’s stock valued at $119,000 after buying an additional 1,563 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in Asbury Automotive Group by 18.6% in the second quarter. Public Employees Retirement System of Ohio now owns 2,632 shares of the company’s stock valued at $139,000 after buying an additional 412 shares during the last quarter.
Shares of Asbury Automotive Group (NYSE:ABG) traded down 0.08% during mid-day trading on Tuesday, reaching $58.85. The company had a trading volume of 156,202 shares. The stock has a 50 day moving average price of $53.81 and a 200 day moving average price of $54.97. The firm has a market capitalization of $1.30 billion, a PE ratio of 9.76 and a beta of 1.26. Asbury Automotive Group has a 12-month low of $43.56 and a 12-month high of $77.33.
Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 25th. The company reported $1.52 EPS for the quarter, missing the consensus estimate of $1.61 by $0.09. Asbury Automotive Group had a return on equity of 52.74% and a net margin of 2.17%. The company earned $1.68 billion during the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the prior year, the business earned $1.43 EPS. The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts forecast that Asbury Automotive Group will post $5.96 earnings per share for the current year.
Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance.
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