Asbury Automotive Group (NYSE:ABG) PT Lowered to $230.00

Asbury Automotive Group (NYSE:ABG) had its price target lowered by research analysts at JPMorgan Chase & Co. from $235.00 to $230.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.35% from the stock’s current price.

Separately, Craig Hallum cut shares of Asbury Automotive Group from a “buy” rating to a “hold” rating and set a $230.00 target price for the company. in a research note on Thursday, February 8th.

Asbury Automotive Group Trading Down 0.1 %

Shares of ABG stock traded down $0.31 on Thursday, reaching $210.33. 32,648 shares of the stock were exchanged, compared to its average volume of 165,609. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.06 and a quick ratio of 0.45. Asbury Automotive Group has a one year low of $178.40 and a one year high of $256.39. The stock has a market cap of $4.24 billion, a PE ratio of 7.66 and a beta of 1.19. The stock has a 50 day moving average price of $217.08 and a 200 day moving average price of $213.20.

Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings results on Thursday, April 25th. The company reported $7.21 EPS for the quarter, missing the consensus estimate of $7.76 by ($0.55). Asbury Automotive Group had a return on equity of 20.12% and a net margin of 3.68%. The business had revenue of $4.20 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the prior year, the firm earned $8.37 EPS. The firm’s quarterly revenue was up 17.3% compared to the same quarter last year. Equities research analysts forecast that Asbury Automotive Group will post 30.87 EPS for the current fiscal year.

Insider Activity

In other Asbury Automotive Group news, SVP Jed Milstein sold 3,955 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $209.00, for a total value of $826,595.00. Following the transaction, the senior vice president now directly owns 8,300 shares of the company’s stock, valued at $1,734,700. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.53% of the company’s stock.

Institutional Trading of Asbury Automotive Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Asbury Automotive Group during the 4th quarter worth $28,000. DekaBank Deutsche Girozentrale bought a new position in shares of Asbury Automotive Group during the 3rd quarter valued at about $36,000. CWM LLC boosted its stake in Asbury Automotive Group by 94.0% in the third quarter. CWM LLC now owns 161 shares of the company’s stock worth $37,000 after buying an additional 78 shares in the last quarter. AXS Investments LLC bought a new position in Asbury Automotive Group during the fourth quarter valued at approximately $38,000. Finally, GAMMA Investing LLC purchased a new position in shares of Asbury Automotive Group during the fourth quarter worth approximately $48,000.

Asbury Automotive Group Company Profile

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.