Asbury Automotive Group (NYSE:ABG) Given New $260.00 Price Target at Stephens

Asbury Automotive Group (NYSE:ABG - Free Report) had its price objective hoisted by Stephens from $220.00 to $260.00 in a research note published on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. StockNews.com upgraded Asbury Automotive Group from a "sell" rating to a "hold" rating in a research note on Thursday, October 31st. Seaport Res Ptn lowered Asbury Automotive Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Bank of America lowered their price target on Asbury Automotive Group from $310.00 to $305.00 and set a "buy" rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on Asbury Automotive Group from $260.00 to $255.00 and set a "neutral" rating on the stock in a research report on Friday, January 17th. Finally, Craig Hallum raised Asbury Automotive Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Asbury Automotive Group currently has a consensus rating of "Hold" and a consensus target price of $264.00.

Asbury Automotive Group Stock Up 0.9 %

Shares of NYSE:ABG traded up $2.77 during trading on Tuesday, hitting $302.49. 69,160 shares of the company's stock traded hands, compared to its average volume of 206,778. Asbury Automotive Group has a 52 week low of $202.98 and a 52 week high of $312.56. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 14.04 and a beta of 1.20. The company has a 50-day moving average price of $259.64 and a 200-day moving average price of $245.83.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Asbury Automotive Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,108,176 shares of the company's stock worth $269,322,000 after acquiring an additional 9,688 shares during the last quarter. State Street Corp boosted its stake in Asbury Automotive Group by 0.5% in the 3rd quarter. State Street Corp now owns 801,391 shares of the company's stock valued at $191,204,000 after purchasing an additional 3,672 shares during the period. Timucuan Asset Management Inc. FL boosted its stake in Asbury Automotive Group by 0.5% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 707,874 shares of the company's stock valued at $172,035,000 after purchasing an additional 3,490 shares during the period. Madison Investment Advisors LLC bought a new stake in Asbury Automotive Group in the 4th quarter valued at $82,426,000. Finally, Norges Bank bought a new stake in Asbury Automotive Group in the 4th quarter valued at $82,079,000.

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.