Asbury Automotive Group (NYSE:ABG) Given New $260.00 Price Target at Stephens

Asbury Automotive Group (NYSE:ABG) had its target price boosted by equities researchers at Stephens from $220.00 to $260.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Stephens’ target price would indicate a potential downside of 13.59% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. cut their target price on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Bank of America cut their target price on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Craig Hallum raised shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, StockNews.com upgraded shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Asbury Automotive Group currently has an average rating of “Hold” and an average price target of $264.00.

Asbury Automotive Group Trading Down 0.0 %

NYSE:ABG opened at $300.90 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 0.41 and a debt-to-equity ratio of 0.98. Asbury Automotive Group has a 12 month low of $202.98 and a 12 month high of $312.56. The company has a market cap of $5.89 billion, a PE ratio of 13.99 and a beta of 1.20. The company has a 50 day simple moving average of $259.64 and a two-hundred day simple moving average of $245.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ABG. Harbor Capital Advisors Inc. purchased a new position in shares of Asbury Automotive Group during the 3rd quarter valued at $31,000. GAMMA Investing LLC lifted its stake in shares of Asbury Automotive Group by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock valued at $94,000 after buying an additional 101 shares in the last quarter. CIBC Private Wealth Group LLC lifted its stake in shares of Asbury Automotive Group by 9.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock valued at $117,000 after buying an additional 41 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Asbury Automotive Group by 234.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after buying an additional 351 shares in the last quarter. Finally, Headlands Technologies LLC lifted its stake in shares of Asbury Automotive Group by 275.2% during the 4th quarter. Headlands Technologies LLC now owns 604 shares of the company’s stock valued at $147,000 after buying an additional 443 shares in the last quarter.

Asbury Automotive Group Company Profile

Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles; and vehicle repair and maintenance services, replacement parts, and collision repair services.