Shares of Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) have been given an average recommendation of "Hold" by the six brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $236.60.
A number of equities research analysts recently commented on ABG shares. JPMorgan Chase & Co. lifted their price target on shares of Asbury Automotive Group from $195.00 to $205.00 and gave the stock a "neutral" rating in a report on Monday, August 1st. Bank of America lowered their price target on shares of Asbury Automotive Group from $385.00 to $368.00 and set a "buy" rating on the stock in a report on Friday. StockNews.com upgraded shares of Asbury Automotive Group from a "hold" rating to a "buy" rating in a research note on Friday, July 29th. Finally, Morgan Stanley lifted their price objective on shares of Asbury Automotive Group from $130.00 to $135.00 and gave the company an "underweight" rating in a research note on Friday, July 29th.
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Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the company. Capital Research Global Investors lifted its holdings in shares of Asbury Automotive Group by 35.4% during the 1st quarter. Capital Research Global Investors now owns 761,102 shares of the company's stock worth $121,929,000 after acquiring an additional 198,985 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Asbury Automotive Group during the 4th quarter worth $33,599,000. Goldman Sachs Group Inc. lifted its holdings in shares of Asbury Automotive Group by 360.5% during the 2nd quarter. Goldman Sachs Group Inc. now owns 241,841 shares of the company's stock worth $40,953,000 after acquiring an additional 189,329 shares during the last quarter. River Road Asset Management LLC bought a new stake in shares of Asbury Automotive Group during the 2nd quarter worth $30,781,000. Finally, Schonfeld Strategic Advisors LLC lifted its holdings in shares of Asbury Automotive Group by 1,433.5% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 131,880 shares of the company's stock worth $22,779,000 after acquiring an additional 123,280 shares during the last quarter.
Asbury Automotive Group Stock Performance
Shares of ABG opened at $170.69 on Friday. Asbury Automotive Group has a one year low of $146.43 and a one year high of $230.96. The company has a market cap of $3.78 billion, a PE ratio of 5.11, a P/E/G ratio of 0.25 and a beta of 1.11. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.38 and a quick ratio of 0.71. The stock has a 50-day moving average of $174.89 and a 200-day moving average of $175.74.
Asbury Automotive Group Company Profile
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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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