Asbury Automotive Group (NYSE:ABG – Get Rating) had its price objective trimmed by Bank of America from $385.00 to $368.00 in a report released on Friday, The Fly reports. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts have also weighed in on ABG. JPMorgan Chase & Co. boosted their target price on shares of Asbury Automotive Group from $195.00 to $205.00 and gave the company a neutral rating in a research note on Monday, August 1st. Morgan Stanley upped their price objective on Asbury Automotive Group from $130.00 to $135.00 and gave the stock an underweight rating in a research note on Friday, July 29th. Finally, StockNews.com upgraded Asbury Automotive Group from a hold rating to a buy rating in a research note on Friday, July 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $236.60.
Get Asbury Automotive Group alerts:Asbury Automotive Group Price Performance
Shares of ABG opened at $170.69 on Friday. The firm 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 current ratio of 1.38, a quick ratio of 0.71 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $174.89 and a two-hundred day simple moving average of $175.86. Asbury Automotive Group has a 1-year low of $146.43 and a 1-year high of $230.96.
Institutional Investors Weigh In On Asbury Automotive Group
Institutional investors have recently bought and sold shares of the business. Victory Capital Management Inc. increased its stake in Asbury Automotive Group by 9.0% in the 1st quarter. Victory Capital Management Inc. now owns 253,073 shares of the company's stock worth $42,346,000 after buying an additional 20,994 shares in the last quarter. Teacher Retirement System of Texas increased its stake in Asbury Automotive Group by 32.6% in the 4th quarter. Teacher Retirement System of Texas now owns 4,124 shares of the company's stock worth $712,000 after buying an additional 1,015 shares in the last quarter. Principal Financial Group Inc. increased its stake in Asbury Automotive Group by 9.9% in the 4th quarter. Principal Financial Group Inc. now owns 174,829 shares of the company's stock worth $30,199,000 after buying an additional 15,685 shares in the last quarter. New York State Common Retirement Fund increased its stake in Asbury Automotive Group by 21.3% in the 1st quarter. New York State Common Retirement Fund now owns 107,573 shares of the company's stock worth $17,233,000 after buying an additional 18,873 shares in the last quarter. Finally, Natixis Advisors L.P. increased its stake in Asbury Automotive Group by 35.0% in the 1st quarter. Natixis Advisors L.P. now owns 25,113 shares of the company's stock worth $4,023,000 after buying an additional 6,507 shares in the last quarter.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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