Asbury Automotive Group Inc. Sets New 1-Year High at $54.45 (ABG)
Asbury Automotive Group (NYSE:ABG) set a new 52-week high during trading on Tuesday, AnalystRatings.Net reports. The stock traded as high as $54.45 and last traded at $53.49, with a volume of 173,350 shares. The stock had previously closed at $53.20.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Asbury Automotive Group (NYSE:ABG) from $46.00 to $47.00 in a research note to investors on Friday, September 6th. They now have a “hold” rating on the stock. Separately, analysts at KeyCorp upgraded shares of Asbury Automotive Group (NYSE:ABG) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $60.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Asbury Automotive Group (NYSE:ABG) from $36.00 to $39.00 in a research note to investors on Thursday, July 25th. They now have an “underweight” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $46.20.
Asbury Automotive Group has a 52-week low of $27.60 and a 52-week high of $54.45. The stock has a 50-day moving average of $51.59 and a 200-day moving average of $43.78. The company has a market cap of $1.681 billion and a P/E ratio of 16.20.
Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.17. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, analysts predict that Asbury Automotive Group will post $3.43 earnings per share for the current fiscal year.
Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.
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