Shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Free Report) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $238.00.
Several brokerages recently issued reports on ABG. Citigroup cut their target price on Asbury Automotive Group from $260.00 to $212.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 8th. Stephens cut their target price on Asbury Automotive Group from $277.00 to $254.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings cut Asbury Automotive Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. cut their target price on Asbury Automotive Group from $235.00 to $220.00 and set an “underweight” rating on the stock in a research report on Thursday, May 7th. Finally, Morgan Stanley set a $220.00 target price on Asbury Automotive Group in a research report on Thursday, May 7th.
Get Our Latest Stock Analysis on ABG
Insider Activity
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of ABG. Mitsubishi UFJ Trust & Banking Corp boosted its position in Asbury Automotive Group by 631.4% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 7,036 shares of the company’s stock worth $1,720,000 after purchasing an additional 6,074 shares during the last quarter. SG Americas Securities LLC boosted its position in Asbury Automotive Group by 1,570.2% in the fourth quarter. SG Americas Securities LLC now owns 9,086 shares of the company’s stock worth $2,113,000 after purchasing an additional 8,542 shares during the last quarter. American Century Companies Inc. boosted its position in Asbury Automotive Group by 261.7% in the third quarter. American Century Companies Inc. now owns 159,645 shares of the company’s stock worth $39,025,000 after purchasing an additional 115,504 shares during the last quarter. Magnolia Group LLC boosted its position in Asbury Automotive Group by 18.7% in the third quarter. Magnolia Group LLC now owns 282,623 shares of the company’s stock worth $69,087,000 after purchasing an additional 44,500 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Asbury Automotive Group by 14.4% in the third quarter. Public Sector Pension Investment Board now owns 76,656 shares of the company’s stock worth $18,739,000 after purchasing an additional 9,632 shares during the last quarter.
Asbury Automotive Group Trading Down 1.7%
NYSE ABG opened at $176.17 on Tuesday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 6.24, a P/E/G ratio of 0.99 and a beta of 0.78. Asbury Automotive Group has a 52 week low of $175.20 and a 52 week high of $274.50. The business has a 50 day moving average price of $197.54 and a 200-day moving average price of $220.59. The company has a quick ratio of 0.29, a current ratio of 0.94 and a debt-to-equity ratio of 0.78.
Asbury Automotive Group (NYSE:ABG – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $5.37 EPS for the quarter, missing the consensus estimate of $5.62 by ($0.25). The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.37 billion. Asbury Automotive Group had a net margin of 3.05% and a return on equity of 13.39%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.82 EPS. As a group, equities analysts expect that Asbury Automotive Group will post 25.74 earnings per share for the current fiscal year.
About Asbury Automotive Group
Asbury Automotive Group, Inc (NYSE:ABG) is one of the largest automotive retailers in the United States. Headquartered in Duluth, Georgia, the company operates a network of franchised dealerships representing a diverse portfolio of automotive brands. Its core business activities include the sale of new and pre-owned vehicles, as well as the provision of vehicle finance, insurance and protection products to retail customers.
In addition to retail sales, Asbury offers a comprehensive suite of after-sales services, from scheduled maintenance and certified collision repair to parts distribution.
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