Autobytel PT Raised to $8.50 at B. Riley (ABTL)
Equities researchers at B. Riley hoisted their target price on shares of Autobytel (NASDAQ:ABTL) from $7.00 to $8.50 in a research report issued on Monday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. B. Riley’s target price indicates a potential upside of 12.58% from the stock’s previous close.
Autobytel (NASDAQ:ABTL) traded up 2.17% during mid-day trading on Monday, hitting $7.55. The stock had a trading volume of 68,800 shares. Autobytel has a 52 week low of $3.73 and a 52 week high of $7.88. The stock has a 50-day moving average of $6.84 and a 200-day moving average of $5.27. The company has a market cap of $67.2 million and a price-to-earnings ratio of 40.83.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of Autobytel from a “neutral” rating to an “outperform” rating in a research note to investors on Friday. They now have a $7.70 price target on the stock. Separately, analysts at Thomson Reuters/Verus upgraded shares of Autobytel from a “hold” rating to a “buy” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Thomson Reuters/Verus downgraded shares of Autobytel from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 9th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.43.
Autobytel Inc (NASDAQ:ABTL) is an automotive marketing services company that helps automotive retail dealers (Dealers) and automotive manufacturers (Manufacturers) market and sell new and used vehicles through its Internet lead referral and online advertising programs.
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