Asbury Automotive Group Sets New 1-Year High at $72.17 (ABG)
Asbury Automotive Group (NYSE:ABG)’s share price reached a new 52-week high during mid-day trading on Monday , AmericanBankingNews.com reports. The stock traded as high as $72.17 and last traded at $71.44, with a volume of 53,504 shares changing hands. The stock had previously closed at $71.13.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $61.24.
The stock has a 50-day moving average of $66.45 and a 200-day moving average of $57.18. The company has a market cap of $2.187 billion and a price-to-earnings ratio of 20.40.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.03 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Asbury Automotive Group will post $4.12 EPS for the current fiscal year.
Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.
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