Asbury Automotive Group, Inc. (NYSE:ABG) Receives $263.00 Consensus Price Target from Analysts

Shares of Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) have been given an average rating of "Hold" by the six analysts that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $263.00.

A number of analysts have weighed in on ABG shares. Craig Hallum downgraded Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, February 18th. Stephens raised their target price on Asbury Automotive Group from $220.00 to $260.00 and gave the stock an "equal weight" rating in a research note on Tuesday, February 11th. Finally, JPMorgan Chase & Co. dropped their price target on Asbury Automotive Group from $290.00 to $250.00 and set a "neutral" rating on the stock in a research note on Thursday, March 27th.

Asbury Automotive Group Trading Up 2.0 %

Shares of ABG traded up $4.50 during trading hours on Monday, hitting $228.22. 292,783 shares of the stock were exchanged, compared to its average volume of 198,255. The firm has a market capitalization of $4.48 billion, a P/E ratio of 10.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. Asbury Automotive Group has a fifty-two week low of $201.68 and a fifty-two week high of $312.56. The business has a 50-day moving average of $255.17 and a 200-day moving average of $250.22.

Insiders Place Their Bets

In other news, COO Daniel Clara sold 1,217 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total transaction of $361,010.88. Following the completion of the sale, the chief operating officer now owns 3,747 shares in the company, valued at $1,111,510.08. The trade was a 24.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.53% of the company's stock.

Institutional Trading of Asbury Automotive Group

Hedge funds have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Asbury Automotive Group by 47.4% in the third quarter. FMR LLC now owns 2,141 shares of the company's stock valued at $511,000 after buying an additional 688 shares in the last quarter. Captrust Financial Advisors lifted its position in Asbury Automotive Group by 29.1% in the 3rd quarter. Captrust Financial Advisors now owns 2,037 shares of the company's stock valued at $486,000 after acquiring an additional 459 shares in the last quarter. HighTower Advisors LLC boosted its stake in Asbury Automotive Group by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company's stock valued at $409,000 after purchasing an additional 53 shares during the last quarter. Stifel Financial Corp boosted its stake in Asbury Automotive Group by 1,990.9% during the 3rd quarter. Stifel Financial Corp now owns 19,926 shares of the company's stock valued at $4,754,000 after purchasing an additional 18,973 shares during the last quarter. Finally, State Street Corp increased its holdings in Asbury Automotive Group by 0.5% during the 3rd quarter. State Street Corp now owns 801,391 shares of the company's stock worth $191,204,000 after purchasing an additional 3,672 shares in the last quarter.

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.