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Asbury Automotive Group (ABG) Stock Forecast & Price Target

$227.87
+1.73 (+0.77%)
(As of 06/28/2024 ET)

Asbury Automotive Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Consensus Price Target

$231.25
1.48% Upside
High Forecast$300.00
Average Forecast$231.25
Low Forecast$165.00
TypeCurrent Forecast
7/1/23 to 6/30/24
1 Month Ago
6/1/23 to 5/31/24
3 Months Ago
4/2/23 to 4/1/24
1 Year Ago
7/1/22 to 7/1/23
Consensus Rating
Reduce
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
0 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
Hold
2 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$231.25$231.25$235.00$239.00
Forecasted Upside1.48% Upside6.00% Upside11.21% Upside37.00% Upside

ABG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ABG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Asbury Automotive Group Stock vs. The Competition

TypeAsbury Automotive GroupRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
1.67
2.45
2.50
Consensus RatingReduceHoldModerate Buy
Predicted Upside1.48% Upside51.56% Upside11.50% Upside
News Sentiment RatingVery Positive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/10/2024JPMorgan Chase & Co.
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 DowngradeOverweight ➝ Neutral$230.00-1.80%
2/8/2024Craig Hallum
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 DowngradeBuy ➝ Hold$230.00+11.22%
8/9/2023Morgan Stanley
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 Boost TargetUnderweight ➝ Underweight$128.00 ➝ $165.00-26.02%
7/19/2023Stephens
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 Boost Target$275.00 ➝ $300.00+21.35%
9/9/2022Bank of America
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 Lower TargetBuy$385.00 ➝ $368.00+118.80%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:48 PM ET.

ABG Forecast - Frequently Asked Questions

What is Asbury Automotive Group's stock forecast and purchase recommendation?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Asbury Automotive Group is $231.25, with a high forecast of $300.00 and a low forecast of $165.00. The consensus rating for Asbury Automotive Group stock is Reduce based on the current 1 sell rating and 2 hold ratings for ABG. Learn more on ABG's analyst rating history.

Do Wall Street analysts like Asbury Automotive Group more than its competitors?

Analysts like Asbury Automotive Group less than other "retail/wholesale" companies. The consensus rating for Asbury Automotive Group is Reduce while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how ABG compares to other companies.

Is Asbury Automotive Group being downgraded by Wall Street analysts?

Over the previous 90 days, Asbury Automotive Group's stock had 1 downgrade by analysts.

Does Asbury Automotive Group's stock price have much upside?

According to analysts, Asbury Automotive Group's stock has a predicted upside of 2.76% based on their 12-month stock forecasts.

What analysts cover Asbury Automotive Group?

Asbury Automotive Group has been rated by research analysts at JPMorgan Chase & Co. in the past 90 days.


This page (NYSE:ABG) was last updated on 6/30/2024 by MarketBeat.com Staff

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