Asbury Automotive Group, Inc. (NYSE:ABG) Given Average Recommendation of "Moderate Buy" by Brokerages

Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $264.00.

Several research analysts have weighed in on the stock. Craig Hallum upgraded shares of Asbury Automotive Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. StockNews.com upgraded shares of Asbury Automotive Group from a "sell" rating to a "hold" rating in a research report on Thursday, October 31st. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Stephens raised their price objective on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an "equal weight" rating in a research report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, January 17th.

Hedge Funds Weigh In On Asbury Automotive Group

Institutional investors and hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC purchased a new position in shares of Asbury Automotive Group in the 3rd quarter worth $804,000. Intech Investment Management LLC purchased a new position in shares of Asbury Automotive Group in the 3rd quarter worth $1,223,000. Empirical Asset Management LLC purchased a new position in shares of Asbury Automotive Group in the 4th quarter worth $484,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new position in shares of Asbury Automotive Group in the 4th quarter worth $221,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Asbury Automotive Group in the 3rd quarter worth $154,270,000.

Asbury Automotive Group Stock Performance

ABG traded down $6.24 during trading on Friday, hitting $294.55. The company's stock had a trading volume of 178,801 shares, compared to its average volume of 204,632. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98. Asbury Automotive Group has a one year low of $202.98 and a one year high of $312.56. The firm has a market cap of $5.77 billion, a PE ratio of 13.69 and a beta of 1.20. The business's 50 day simple moving average is $262.24 and its 200-day simple moving average is $246.58.

About Asbury Automotive Group

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.