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Asbury Automotive Group (NYSE:ABG) has earned a “BB” credit rating from analysts at Morningstar. The agency’s “BB” rating indicates that the company is an above-average default risk. They also issued a neutral credit outlook for the company and gave their stock a two star rating.

ABG has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Asbury Automotive Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $75.20 price target on the stock. Analysts at KeyCorp reiterated a “buy” rating on shares of Asbury Automotive Group in a research note on Wednesday, July 16th. They now have a $76.00 price target on the stock, up previously from $73.00. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $63.04.

Asbury Automotive Group (NYSE:ABG) opened at 69.68 on Tuesday. Asbury Automotive Group has a 52-week low of $45.31 and a 52-week high of $73.35. The stock’s 50-day moving average is $69.55 and its 200-day moving average is $61.83. The company has a market cap of $2.114 billion and a P/E ratio of 18.34.

Asbury Automotive Group (NYSE:ABG) last released its earnings data on Tuesday, July 22nd. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.08 by $0.11. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the company posted $0.98 earnings per share. The company’s quarterly revenue was up 11.7% on a year-over-year basis. Analysts expect that Asbury Automotive Group will post $4.29 EPS for the current fiscal year.

In other Asbury Automotive Group news, CEO Craig T. Monaghan unloaded 12,887 shares of Asbury Automotive Group stock on the open market in a transaction dated Thursday, August 21st. The stock was sold at an average price of $69.03, for a total value of $889,589.61. The sale was disclosed in a document filed with the SEC, which is available at this link.

Asbury Automotive Group, Inc (NYSE:ABG) is an automotive retailers in the United States.

To view more credit ratings from Morningstar, visit www.morningstar.com.

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