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

Shares of Asbury Automotive Group, Inc. (NYSE:ABG) have earned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $255.20.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. lowered their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Bank of America reduced their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, Craig Hallum upped their price target on shares of Asbury Automotive Group from $240.00 to $260.00 and gave the company a “hold” rating in a report on Wednesday, October 30th.

Institutional Investors Weigh In On Asbury Automotive Group

Several large investors have recently made changes to their positions in ABG. Seven Eight Capital LP acquired a new stake in shares of Asbury Automotive Group in the second quarter worth $212,000. Sei Investments Co. increased its position in shares of Asbury Automotive Group by 3.8% in the second quarter. Sei Investments Co. now owns 25,823 shares of the company’s stock worth $5,884,000 after acquiring an additional 945 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Asbury Automotive Group by 5.2% in the second quarter. Public Sector Pension Investment Board now owns 44,382 shares of the company’s stock worth $10,113,000 after acquiring an additional 2,205 shares in the last quarter. Evergreen Capital Management LLC increased its position in shares of Asbury Automotive Group by 8.3% in the second quarter. Evergreen Capital Management LLC now owns 1,305 shares of the company’s stock worth $297,000 after acquiring an additional 100 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Asbury Automotive Group by 75.1% in the second quarter. Bank of Montreal Can now owns 4,201 shares of the company’s stock worth $967,000 after acquiring an additional 1,802 shares in the last quarter.

Asbury Automotive Group Trading Up 0.7 %

Shares of ABG opened at $273.11 on Wednesday. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The firm’s 50-day moving average is $252.02 and its two-hundred day moving average is $242.29. Asbury Automotive Group has a twelve month low of $195.09 and a twelve month high of $277.13. The firm has a market capitalization of $5.35 billion, a P/E ratio of 15.46 and a beta of 1.19.

Asbury Automotive Group (NYSE:ABG) last issued its earnings results on Tuesday, October 29th. The company reported $6.35 earnings per share for the quarter, missing the consensus estimate of $6.58 by ($0.23). Asbury Automotive Group had a return on equity of 16.51% and a net margin of 2.16%. The company had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.30 billion. During the same quarter in the previous year, the company posted $8.12 earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, research analysts predict that Asbury Automotive Group will post 25.16 earnings per share for the current fiscal year.

Asbury Automotive Group Company Profile

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.