Asbury Automotive Group (NYSE:ABG) Hits New 52-Week Low at $145.39

Shares of Asbury Automotive Group, Inc. (NYSE:ABGGet Rating) hit a new 52-week low during trading on Friday . The stock traded as low as $145.39 and last traded at $146.07, with a volume of 138 shares. The stock had previously closed at $148.90.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. StockNews.com raised shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a report on Friday, July 29th. Bank of America dropped their price target on shares of Asbury Automotive Group from $385.00 to $368.00 and set a “buy” rating for the company in a research report on Friday, September 9th. Morgan Stanley lifted their price objective on Asbury Automotive Group from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Friday, July 29th. Finally, JPMorgan Chase & Co. raised their target price on Asbury Automotive Group from $195.00 to $205.00 and gave the stock a “neutral” rating in a research report on Monday, August 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.60.

Asbury Automotive Group Trading Down 2.2 %

The company has a market cap of $3.22 billion, a price-to-earnings ratio of 4.45, a price-to-earnings-growth ratio of 0.22 and a beta of 1.11. The company has a quick ratio of 0.71, a current ratio of 1.38 and a debt-to-equity ratio of 1.38. The company’s fifty day moving average price is $173.19 and its two-hundred day moving average price is $173.79.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABG. Focused Wealth Management Inc bought a new stake in Asbury Automotive Group during the 2nd quarter worth about $27,000. Financial Management Professionals Inc. bought a new stake in Asbury Automotive Group in the first quarter valued at approximately $29,000. CoreCap Advisors LLC acquired a new stake in Asbury Automotive Group in the second quarter worth $38,000. Nisa Investment Advisors LLC acquired a new stake in Asbury Automotive Group in the first quarter worth $114,000. Finally, Maverick Capital Ltd. bought a new position in shares of Asbury Automotive Group during the fourth quarter worth $132,000.

Asbury Automotive Group Company Profile

(Get Rating)

Asbury Automotive Group, Inc, together with its subsidiaries, 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 services, replacement parts, and collision repair services.

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