Asbury Automotive Group, Inc. (NYSE:ABG) Given Consensus Rating of “Hold” by Brokerages

Shares of Asbury Automotive Group, Inc. (NYSE:ABGGet Free Report) have been given a consensus recommendation of “Hold” by the nine analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $250.4286.

A number of equities research analysts have commented on the stock. Zacks Research cut shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 11th. Morgan Stanley set a $230.00 price objective on shares of Asbury Automotive Group in a report on Monday, December 8th. Weiss Ratings raised shares of Asbury Automotive Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Asbury Automotive Group from $230.00 to $235.00 and gave the company an “underweight” rating in a research report on Wednesday, November 5th. Finally, Barclays dropped their price target on Asbury Automotive Group from $251.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st.

View Our Latest Stock Analysis on Asbury Automotive Group

Asbury Automotive Group Trading Down 6.5%

Shares of ABG stock opened at $221.58 on Friday. Asbury Automotive Group has a fifty-two week low of $201.68 and a fifty-two week high of $309.99. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.30 and a current ratio of 0.99. The stock has a 50 day simple moving average of $240.25 and a two-hundred day simple moving average of $239.04. The company has a market cap of $4.31 billion, a P/E ratio of 7.77 and a beta of 0.82.

Asbury Automotive Group (NYSE:ABGGet Free Report) last announced its quarterly earnings data on Thursday, February 5th. The company reported $6.67 EPS for the quarter, missing the consensus estimate of $6.70 by ($0.03). The company had revenue of $4.68 billion for the quarter, compared to analyst estimates of $4.93 billion. Asbury Automotive Group had a return on equity of 15.26% and a net margin of 3.15%.The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business earned $7.26 EPS. Research analysts forecast that Asbury Automotive Group will post 26.28 earnings per share for the current year.

Hedge Funds Weigh In On Asbury Automotive Group

A number of large investors have recently modified their holdings of ABG. Quarry LP increased its stake in Asbury Automotive Group by 319.2% during the 3rd quarter. Quarry LP now owns 109 shares of the company’s stock valued at $27,000 after purchasing an additional 83 shares in the last quarter. Torren Management LLC purchased a new position in Asbury Automotive Group in the fourth quarter worth $27,000. Bogart Wealth LLC boosted its holdings in shares of Asbury Automotive Group by 52.4% in the 4th quarter. Bogart Wealth LLC now owns 128 shares of the company’s stock worth $30,000 after buying an additional 44 shares during the last quarter. Salomon & Ludwin LLC boosted its stake in Asbury Automotive Group by 76.0% in the fourth quarter. Salomon & Ludwin LLC now owns 132 shares of the company’s stock valued at $32,000 after acquiring an additional 57 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in Asbury Automotive Group by 69.2% in the second quarter. Osaic Holdings Inc. now owns 132 shares of the company’s stock valued at $31,000 after purchasing an additional 54 shares during the last quarter.

Asbury Automotive Group News Summary

Here are the key news stories impacting Asbury Automotive Group this week:

Asbury Automotive Group Company Profile

(Get Free Report)

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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Analyst Recommendations for Asbury Automotive Group (NYSE:ABG)

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