Asbury Automotive Group, Inc. (NYSE:ABG - Get Free Report) shares reached a new 52-week high during trading on Friday . The company traded as high as $312.56 and last traded at $304.66, with a volume of 888621 shares traded. The stock had previously closed at $274.31.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Bank of America dropped their price objective on Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. decreased their target price on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a report on Friday, January 17th. StockNews.com upgraded Asbury Automotive Group from a "sell" rating to a "hold" rating in a report on Thursday, October 31st. Seaport Res Ptn cut Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Craig Hallum lifted their target price on Asbury Automotive Group from $240.00 to $260.00 and gave the stock a "hold" rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $255.20.
Get Our Latest Report on ABG
Asbury Automotive Group Stock Down 2.4 %
The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm has a market cap of $5.67 billion, a PE ratio of 13.47 and a beta of 1.20. The business has a fifty day moving average price of $254.15 and a two-hundred day moving average price of $243.08.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of ABG. Assenagon Asset Management S.A. grew its stake in Asbury Automotive Group by 366.1% in the third quarter. Assenagon Asset Management S.A. now owns 189,586 shares of the company's stock valued at $45,233,000 after purchasing an additional 148,910 shares in the last quarter. Natixis Advisors LLC purchased a new position in Asbury Automotive Group in the third quarter valued at about $26,573,000. International Assets Investment Management LLC purchased a new position in Asbury Automotive Group in the third quarter valued at about $154,270,000. Rockefeller Capital Management L.P. purchased a new position in Asbury Automotive Group in the third quarter valued at about $14,219,000. Finally, Stifel Financial Corp grew its stake in Asbury Automotive Group by 1,990.9% in the third 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 in the last quarter.
About Asbury Automotive Group
(
Get Free Report)
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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