Asbury Automotive Group Sets New 52-Week High at $71.31 (ABG)
Shares of Asbury Automotive Group (NYSE:ABG) reached a new 52-week high on Friday , Analyst Ratings Net reports. The company traded as high as $71.31 and last traded at $71.05, with a volume of 108,700 shares traded. The stock had previously closed at $70.19.
A number of research firms have recently commented on ABG. Analysts at Zacks upgraded shares of Asbury Automotive Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $69.20 price target on the stock. Separately, analysts at KeyCorp raised their price target on shares of Asbury Automotive Group from $68.00 to $73.00 in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Asbury Automotive Group in a research note on Thursday, April 24th. They now have a $68.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Asbury Automotive Group currently has an average rating of “Hold” and an average price target of $61.24.
The stock has a 50-day moving average of $65.24 and a 200-day moving average of $56.53. The company has a market cap of $2.178 billion and a P/E ratio of 20.13.
Asbury Automotive Group (NYSE:ABG) last released its earnings data on Wednesday, April 23rd. The company reported $1.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.86 by $0.17. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts predict that Asbury Automotive Group will post $4.12 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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