Asbury Automotive Group (ABG) Receiving Positive Press Coverage, Study Finds
Media stories about Asbury Automotive Group (NYSE:ABG) have been trending positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Asbury Automotive Group earned a media sentiment score of 0.37 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.5962460612202 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages have weighed in on ABG. Jefferies Group reaffirmed a “hold” rating and set a $61.00 price target on shares of Asbury Automotive Group in a report on Thursday, October 12th. Zacks Investment Research downgraded shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a report on Monday, October 2nd. Finally, TheStreet raised shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Asbury Automotive Group currently has a consensus rating of “Hold” and a consensus price target of $56.75.
Asbury Automotive Group (ABG) opened at $64.35 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. Asbury Automotive Group has a 1-year low of $49.10 and a 1-year high of $71.00. The firm has a market cap of $1,340.00, a P/E ratio of 8.36, a price-to-earnings-growth ratio of 1.15 and a beta of 1.55.
Asbury Automotive Group (NYSE:ABG) last released its earnings results on Tuesday, October 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.57 by ($0.09). Asbury Automotive Group had a return on equity of 42.24% and a net margin of 2.54%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the firm posted $1.52 EPS. Asbury Automotive Group’s quarterly revenue was down 4.8% compared to the same quarter last year. equities research analysts forecast that Asbury Automotive Group will post 6.25 EPS for the current fiscal year.
In other news, CEO Craig T. Monaghan sold 48,288 shares of the business’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $60.96, for a total value of $2,943,636.48. Following the transaction, the chief executive officer now owns 125,408 shares of the company’s stock, valued at $7,644,871.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Juanita T. James sold 1,500 shares of the business’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $66.16, for a total transaction of $99,240.00. The disclosure for this sale can be found here. Insiders sold 265,884 shares of company stock worth $16,426,020 in the last three months. Insiders own 11.90% of the company’s stock.
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Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.
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