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

Asbury Automotive Group (NYSE:ABG) had its price target hoisted by investment analysts at Stephens from $220.00 to $260.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Stephens’ price target indicates a potential downside of 11.56% from the stock’s current price.

Several other equities analysts have also recently commented on ABG. Craig Hallum upgraded Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. 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. JPMorgan Chase & Co. lowered their price target on Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating on the stock in a research report on Friday, January 17th. Seaport Res Ptn cut Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a report on Thursday, October 31st. Five analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $264.00.

Asbury Automotive Group Trading Up 0.1 %

Shares of ABG opened at $293.99 on Tuesday. The business’s 50-day moving average price is $258.22 and its 200-day moving average price is $245.11. The stock has a market cap of $5.76 billion, a PE ratio of 13.67 and a beta of 1.20. Asbury Automotive Group has a twelve month low of $202.98 and a twelve month high of $312.56. The company has a quick ratio of 0.41, a current ratio of 1.20 and a debt-to-equity ratio of 0.98.

Institutional Investors Weigh In On Asbury Automotive Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Capital Advisors Inc. bought a new position in Asbury Automotive Group during the 3rd quarter worth approximately $31,000. GAMMA Investing LLC lifted its holdings in Asbury Automotive Group by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock worth $94,000 after buying an additional 101 shares during the period. Smartleaf Asset Management LLC raised its holdings in shares of Asbury Automotive Group by 234.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 501 shares of the company’s stock valued at $122,000 after acquiring an additional 351 shares in the last quarter. KBC Group NV increased its position in Asbury Automotive Group by 52.3% during the 4th quarter. KBC Group NV now owns 769 shares of the company’s stock valued at $187,000 after purchasing an additional 264 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in shares of Asbury Automotive Group by 17.2% during the fourth quarter. Nisa Investment Advisors LLC now owns 839 shares of the company’s stock valued at $204,000 after buying an additional 123 shares during the period.

About Asbury Automotive Group

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.