Asbury Automotive Group Inc (NYSE:ABG) has been assigned an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $56.75.

Several equities research analysts recently commented on ABG shares. ValuEngine lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC reissued a “neutral” rating on shares of Asbury Automotive Group in a report on Friday, June 2nd. Morgan Stanley cut their price target on shares of Asbury Automotive Group from $56.00 to $53.00 and set an “underweight” rating for the company in a report on Friday, June 9th. BidaskClub raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $60.00 price target (down previously from $68.00) on shares of Asbury Automotive Group in a report on Thursday, June 22nd.

In other news, SVP George Karolis sold 2,743 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $55.98, for a total transaction of $153,553.14. Following the transaction, the senior vice president now owns 5,083 shares of the company’s stock, valued at approximately $284,546.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William Frederick Stax sold 495 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $54.25, for a total transaction of $26,853.75. Following the transaction, the insider now directly owns 4,586 shares in the company, valued at approximately $248,790.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 120,687 shares of company stock worth $6,277,892. Corporate insiders own 11.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in ABG. Ameritas Investment Partners Inc. purchased a new position in shares of Asbury Automotive Group during the first quarter valued at $104,000. Victory Capital Management Inc. boosted its position in shares of Asbury Automotive Group by 45.6% in the first quarter. Victory Capital Management Inc. now owns 1,874 shares of the company’s stock valued at $113,000 after buying an additional 587 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Asbury Automotive Group by 4.1% in the first quarter. Public Employees Retirement System of Ohio now owns 3,333 shares of the company’s stock valued at $200,000 after buying an additional 132 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Asbury Automotive Group during the first quarter valued at $210,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Asbury Automotive Group by 78.6% in the second quarter. State of Alaska Department of Revenue now owns 3,714 shares of the company’s stock valued at $210,000 after buying an additional 1,634 shares during the last quarter. 99.89% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This report was originally posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/08/19/asbury-automotive-group-inc-abg-receives-consensus-rating-of-hold-from-analysts.html.

Shares of Asbury Automotive Group (NYSE:ABG) opened at 50.65 on Friday. The company’s 50-day moving average is $54.57 and its 200 day moving average is $58.80. Asbury Automotive Group has a 1-year low of $47.50 and a 1-year high of $71.00. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 6.59 and a beta of 1.42.

Asbury Automotive Group (NYSE:ABG) last posted its earnings results on Tuesday, July 25th. The company reported $1.58 earnings per share for the quarter, missing the consensus estimate of $1.67 by $0.09. The firm had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.65 billion. Asbury Automotive Group had a net margin of 2.53% and a return on equity of 46.58%. Asbury Automotive Group’s revenue for the quarter was up .3% compared to the same quarter last year. During the same period last year, the firm earned $1.65 earnings per share. Equities analysts anticipate that Asbury Automotive Group will post $6.34 EPS for the current year.

About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Analyst Recommendations for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.