Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $73.40.

A number of research firms have recently commented on ABG. ValuEngine cut Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Thursday. SunTrust Banks began coverage on Asbury Automotive Group in a research note on Friday, August 24th. They set a “hold” rating and a $78.00 target price on the stock. Buckingham Research cut Asbury Automotive Group from a “buy” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Wednesday, October 3rd. Zacks Investment Research upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Wednesday, November 7th. Finally, Morgan Stanley lifted their target price on Asbury Automotive Group from $71.00 to $81.00 and gave the stock a “sell” rating in a research note on Wednesday, November 14th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Asbury Automotive Group by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 145,557 shares of the company’s stock valued at $9,825,000 after acquiring an additional 2,999 shares during the period. Amalgamated Bank bought a new stake in Asbury Automotive Group in the 2nd quarter valued at about $227,000. TD Asset Management Inc. raised its stake in Asbury Automotive Group by 1,362.5% in the 2nd quarter. TD Asset Management Inc. now owns 46,800 shares of the company’s stock valued at $3,208,000 after acquiring an additional 43,600 shares during the period. IndexIQ Advisors LLC raised its stake in Asbury Automotive Group by 5.7% in the 2nd quarter. IndexIQ Advisors LLC now owns 32,405 shares of the company’s stock valued at $2,221,000 after acquiring an additional 1,752 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in Asbury Automotive Group in the 2nd quarter valued at about $266,000.

NYSE ABG opened at $65.95 on Friday. The firm has a market cap of $1.30 billion, a PE ratio of 10.26, a price-to-earnings-growth ratio of 0.51 and a beta of 1.46. Asbury Automotive Group has a one year low of $58.60 and a one year high of $77.75. The company has a current ratio of 1.21, a quick ratio of 0.36 and a debt-to-equity ratio of 1.77.

Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, October 23rd. The company reported $2.21 EPS for the quarter, topping the Zacks’ consensus estimate of $1.88 by $0.33. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.68 billion. Asbury Automotive Group had a return on equity of 37.83% and a net margin of 2.52%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 EPS. As a group, sell-side analysts forecast that Asbury Automotive Group will post 8.28 EPS for the current fiscal year.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.

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