Asbury Automotive Group (ABG) Stock Forecast & Price Target

$258.18 -3.44 (-1.31%)

(As of 11/15/2024 08:53 PM 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

Hold

Based on 6 Analyst Ratings

Sell
0

Hold
5

Buy
1

Based on 6 Wall Street analysts who have issued ratings for Asbury Automotive Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 6 analysts, 5 have given a hold rating, and 1 has given a buy rating for ABG.

Consensus Price Target

$256.20
-0.77% Downside

According to the 6 analysts' twelve-month price targets for Asbury Automotive Group, the average price target is $256.20. The highest price target for ABG is $305.00, while the lowest price target for ABG is $216.00. The average price target represents a forecasted downside of -0.77% from the current price of $258.18.

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ABG Analyst Ratings Over Time

Type	Current Forecast 11/19/23 to 11/18/24	1 Month Ago 10/20/23 to 10/19/24	3 Months Ago 8/21/23 to 8/20/24	1 Year Ago 11/19/22 to 11/19/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)	1 Buy rating(s)
Hold	5 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$256.20	$251.20	$216.67	$236.67
Forecasted Upside	-0.77% Downside	7.05% Upside	-4.24% Downside	12.88% Upside
Consensus Rating	Hold	Hold	Reduce	Hold

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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.

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.

Asbury Automotive Group Stock vs. The Competition

Type	Asbury Automotive Group	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.17	2.51	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	-0.77% Downside	29.05% Upside	9.87% Upside
News Sentiment Rating	Neutral News See Recent ABG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/11/2024	Seaport Res Ptn 1 of 5 stars	G. Chin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
11/5/2024	JPMorgan Chase & Co. 3 of 5 stars		Lower Target	Neutral ➝ Neutral	$265.00 ➝ $260.00	+9.71%
10/30/2024	Craig Hallum 3 of 5 stars		Boost Target	Hold ➝ Hold	$240.00 ➝ $260.00	+11.79%
10/14/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$310.00 ➝ $305.00	+36.19%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underweight ➝ Equal Weight	$190.00 ➝ $240.00	+4.24%
9/12/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Lick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight	$216.00	+0.73%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 02:33 AM ET.

ABG Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Asbury Automotive Group is $256.20, with a high forecast of $305.00 and a low forecast of $216.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Asbury Automotive Group in the last year. There are currently 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ABG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ABG, but not buy additional shares or sell existing shares.
: According to analysts, Asbury Automotive Group's stock has a predicted downside of -0.77% based on their 12-month stock forecasts.
: Over the previous 90 days, Asbury Automotive Group's stock had 1 upgrade and 1 downgrade by analysts.
: Asbury Automotive Group has been rated by research analysts at Bank of America, Craig Hallum, JPMorgan Chase & Co., Morgan Stanley, Seaport Res Ptn, and Stephens in the past 90 days.
: Analysts like Asbury Automotive Group less than other "retail/wholesale" companies. The consensus rating for Asbury Automotive Group is Hold while the average consensus rating for "retail/wholesale" companies is Moderate Buy. Learn more on how ABG compares to other companies.

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This page (NYSE:ABG) was last updated on 11/18/2024 by MarketBeat.com Staff

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Asbury Automotive Group (ABG) Stock Forecast & Price Target