StockNews.com upgraded shares of Asbury Automotive Group (NYSE:ABG – Get Rating) from a hold rating to a buy rating in a research report report published on Tuesday.
Separately, Stephens increased their target price on Asbury Automotive Group to $275.00 in a report on Thursday, April 27th.
Asbury Automotive Group Trading Up 0.5 %
Asbury Automotive Group stock opened at $227.85 on Tuesday. The business has a 50 day moving average price of $205.20 and a two-hundred day moving average price of $202.79. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 1.05. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 5.35, a price-to-earnings-growth ratio of 0.39 and a beta of 1.12. Asbury Automotive Group has a 12 month low of $138.88 and a 12 month high of $253.67.
Asbury Automotive Group (NYSE:ABG – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $8.37 EPS for the quarter, beating the consensus estimate of $7.94 by $0.43. Asbury Automotive Group had a return on equity of 29.48% and a net margin of 6.23%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.79 billion. During the same quarter in the prior year, the firm posted $9.27 EPS. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, equity analysts forecast that Asbury Automotive Group will post 31.52 EPS for the current year.
Institutional Investors Weigh In On Asbury Automotive Group
A number of large investors have recently bought and sold shares of the business. HighTower Advisors LLC boosted its position in Asbury Automotive Group by 47.5% in the 1st quarter. HighTower Advisors LLC now owns 3,671 shares of the company’s stock valued at $593,000 after buying an additional 1,182 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Asbury Automotive Group by 8.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,459 shares of the company’s stock valued at $233,000 after buying an additional 119 shares during the last quarter. Bank of Montreal Can boosted its position in Asbury Automotive Group by 1.2% in the 1st quarter. Bank of Montreal Can now owns 6,583 shares of the company’s stock valued at $1,099,000 after buying an additional 76 shares during the last quarter. MetLife Investment Management LLC boosted its position in Asbury Automotive Group by 56.3% in the 1st quarter. MetLife Investment Management LLC now owns 12,440 shares of the company’s stock valued at $1,993,000 after buying an additional 4,480 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Asbury Automotive Group by 7.3% in the 1st quarter. Rhumbline Advisers now owns 63,891 shares of the company’s stock valued at $10,235,000 after buying an additional 4,367 shares during the last quarter.
About Asbury Automotive Group
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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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