Asbury Automotive Group, Inc. (NYSE:ABG) has been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $98.17.

ABG has been the topic of several recent analyst reports. TheStreet lowered shares of Asbury Automotive Group from a “b-” rating to a “c+” rating in a report on Thursday, March 26th. JPMorgan Chase & Co. increased their price objective on shares of Asbury Automotive Group from $69.00 to $76.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. SunTrust Banks increased their price objective on shares of Asbury Automotive Group from $70.00 to $100.00 and gave the stock a “hold” rating in a report on Thursday. Morgan Stanley increased their price objective on shares of Asbury Automotive Group from $68.00 to $100.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Craig Hallum increased their price objective on shares of Asbury Automotive Group from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday. They noted that the move was a valuation call.

In related news, SVP Jed Milstein sold 2,300 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $77.31, for a total value of $177,813.00. Following the transaction, the senior vice president now owns 13,977 shares in the company, valued at $1,080,561.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.01% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new position in Asbury Automotive Group in the first quarter worth $31,000. Mutual of America Capital Management LLC boosted its holdings in Asbury Automotive Group by 22.2% in the first quarter. Mutual of America Capital Management LLC now owns 843 shares of the company’s stock worth $47,000 after purchasing an additional 153 shares during the period. FMR LLC boosted its holdings in shares of Asbury Automotive Group by 357.9% during the fourth quarter. FMR LLC now owns 641 shares of the company’s stock valued at $72,000 after acquiring an additional 501 shares during the period. Aigen Investment Management LP acquired a new position in shares of Asbury Automotive Group during the first quarter valued at $72,000. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Asbury Automotive Group by 36.0% during the first quarter. PNC Financial Services Group Inc. now owns 1,318 shares of the company’s stock valued at $72,000 after acquiring an additional 349 shares during the period.

Shares of Asbury Automotive Group stock traded up $3.84 during mid-day trading on Friday, hitting $92.00. 246,000 shares of the stock were exchanged, compared to its average volume of 216,968. Asbury Automotive Group has a twelve month low of $39.36 and a twelve month high of $123.44. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.62. The company has a 50-day simple moving average of $76.71 and a 200 day simple moving average of $79.63. The company has a current ratio of 1.48, a quick ratio of 0.59 and a debt-to-equity ratio of 1.76.

Asbury Automotive Group (NYSE:ABG) last released its quarterly earnings results on Tuesday, May 5th. The company reported $1.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.13. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.57 billion. Asbury Automotive Group had a net margin of 2.28% and a return on equity of 28.33%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $2.20 EPS. Equities research analysts forecast that Asbury Automotive Group will post 6.37 earnings per share for the current fiscal year.

About Asbury Automotive Group

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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Analyst Recommendations for Asbury Automotive Group (NYSE:ABG)

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