KeyCorp Reiterates Buy Rating for Asbury Automotive Group (ABG)
Asbury Automotive Group (NYSE:ABG)‘s stock had its “buy” rating reiterated by KeyCorp in a research note issued on Wednesday. They currently have a $76.00 price objective on the stock, up from their previous price objective of $73.00. KeyCorp’s price objective would indicate a potential upside of 6.61% from the stock’s previous close.
A number of other firms have also 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 Deutsche Bank raised their price target on shares of Asbury Automotive Group from $52.00 to $54.00 in a research note on Thursday, April 24th. They now have a “hold” rating on the stock. Finally, analysts at BB&T Corp. upgraded shares of Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Thursday, April 24th. They now have a $67.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.84.
Shares of Asbury Automotive Group (NYSE:ABG) traded up 0.11% during mid-day trading on Wednesday, hitting $71.37. 122,640 shares of the company’s stock traded hands. Asbury Automotive Group has a 52-week low of $43.55 and a 52-week high of $72.17. The stock has a 50-day moving average of $66.80 and a 200-day moving average of $57.46. The company has a market cap of $2.188 billion and a price-to-earnings ratio of 20.45.
Asbury Automotive Group (NYSE:ABG) last released its earnings data 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 $4.13 EPS for the current fiscal year.
Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.
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