Asbury Automotive Group (NYSE:ABG) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $62.25.
Several analysts recently commented on the stock. Zacks Investment Research upgraded shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating and set a $78.00 price target on the stock in a research report on Friday, February 9th. Morgan Stanley raised their price target on shares of Asbury Automotive Group from $53.00 to $63.00 and gave the company an “underweight” rating in a research report on Wednesday, March 14th. Finally, Craig Hallum raised their price target on shares of Asbury Automotive Group from $55.00 to $67.00 and gave the company a “hold” rating in a research report on Wednesday, February 7th.
Shares of NYSE:ABG traded down $1.60 during midday trading on Friday, reaching $66.20. The company’s stock had a trading volume of 220,999 shares, compared to its average volume of 204,077. The firm has a market capitalization of $1,387.59, a P/E ratio of 10.52, a PEG ratio of 0.82 and a beta of 1.55. Asbury Automotive Group has a twelve month low of $49.10 and a twelve month high of $76.40. The company has a debt-to-equity ratio of 2.19, a current ratio of 1.23 and a quick ratio of 0.45.
In other news, Director Craig T. Monaghan sold 28,575 shares of Asbury Automotive Group stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $68.70, for a total value of $1,963,102.50. Following the sale, the director now owns 86,112 shares in the company, valued at $5,915,894.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Craig T. Monaghan sold 15,000 shares of Asbury Automotive Group stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $68.57, for a total transaction of $1,028,550.00. Following the completion of the sale, the director now owns 86,112 shares in the company, valued at approximately $5,904,699.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,825 shares of company stock worth $3,488,688. Company insiders own 1.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Asbury Automotive Group in the fourth quarter worth about $102,000. Balter Liquid Alternatives LLC purchased a new position in shares of Asbury Automotive Group in the fourth quarter worth about $200,000. Ingalls & Snyder LLC purchased a new position in shares of Asbury Automotive Group in the fourth quarter worth about $218,000. Parametrica Management Ltd lifted its stake in shares of Asbury Automotive Group by 29.4% in the fourth quarter. Parametrica Management Ltd now owns 4,719 shares of the company’s stock worth $302,000 after buying an additional 1,071 shares in the last quarter. Finally, Koch Industries Inc. lifted its stake in shares of Asbury Automotive Group by 29.5% in the fourth quarter. Koch Industries Inc. now owns 5,200 shares of the company’s stock worth $333,000 after buying an additional 1,184 shares in the last quarter.
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About Asbury Automotive Group
Asbury Automotive Group, Inc 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, replacement parts, and collision repair services. The company also provides finance and insurance products, including arranging vehicle financing through third parties; and aftermarket products, such as extended service contracts, guaranteed asset protection insurance, prepaid maintenance, and credit life and disability insurance.
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