Automotive

Zacks Funding Analysis Boosts Asbury Automotive Group (NYSE:ABG) Value Goal to $249.25

Asbury Automotive Group (NYSE:ABG) had its worth goal lifted by Zacks Funding Analysis to $249.25 in a analysis report report revealed on Thursday, 24/7 WallStreet experiences.

A number of different analysis analysts have additionally weighed in on ABG. Craig Hallum lifted their worth goal on Asbury Automotive Group from $230.00 to $250.00 and gave the inventory a purchase ranking in a analysis report on Thursday, September thirtieth. Truist raised Asbury Automotive Group from a maintain ranking to a purchase ranking and lifted their worth goal for the inventory from $210.00 to $250.00 in a analysis report on Thursday, September thirtieth. Truist Securities raised Asbury Automotive Group from a maintain ranking to a purchase ranking and set a $250.00 worth goal for the corporate in a analysis report on Thursday, September thirtieth. Truist Monetary raised Asbury Automotive Group to a purchase ranking and set a $250.00 worth goal for the corporate in a analysis report on Thursday, September thirtieth. Lastly, Morgan Stanley lowered their worth goal on Asbury Automotive Group from $205.00 to $180.00 and set an equal weight ranking for the corporate in a analysis report on Wednesday, November seventeenth. Two analysis analysts have rated the inventory with a maintain ranking, 4 have issued a purchase ranking and one has assigned a powerful purchase ranking to the corporate. Primarily based on information from MarketBeat, the inventory has a consensus ranking of Purchase and a mean goal worth of $224.89.

Shares of NYSE:ABG opened at $172.45 on Thursday. The agency has a market cap of $3.99 billion, a P/E ratio of 6.98, a P/E/G ratio of 0.35 and a beta of 1.53. The corporate has a fast ratio of 1.12, a present ratio of 1.75 and a debt-to-equity ratio of 1.02. Asbury Automotive Group has a 12-month low of $135.60 and a 12-month excessive of $230.96. The enterprise has a fifty day easy shifting common of $185.41 and a 200 day easy shifting common of $185.19.

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Asbury Automotive Group (NYSE:ABG) final introduced its earnings outcomes on Monday, October twenty fifth. The corporate reported $7.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $6.36 by $1.00. The enterprise had income of $2.41 billion in the course of the quarter, in comparison with analyst estimates of $2.27 billion. Asbury Automotive Group had a return on fairness of 43.39% and a web margin of 5.11%. Asbury Automotive Group’s income for the quarter was up 30.4% in comparison with the identical quarter final yr. Throughout the identical interval final yr, the corporate earned $4.08 EPS. As a bunch, equities analysis analysts anticipate that Asbury Automotive Group will submit 25.58 EPS for the present yr.

Quite a lot of institutional traders have not too long ago modified their holdings of ABG. Congress Asset Administration Co. MA elevated its place in Asbury Automotive Group by 40.6% within the 2nd quarter. Congress Asset Administration Co. MA now owns 571,705 shares of the corporate’s inventory valued at $97,973,000 after shopping for a further 164,960 shares within the final quarter. Silvercrest Asset Administration Group LLC boosted its stake in Asbury Automotive Group by 26.7% in the course of the 2nd quarter. Silvercrest Asset Administration Group LLC now owns 303,019 shares of the corporate’s inventory valued at $51,928,000 after buying a further 63,939 shares over the past quarter. Millennium Administration LLC boosted its stake in Asbury Automotive Group by 328.8% in the course of the third quarter. Millennium Administration LLC now owns 83,161 shares of the corporate’s inventory valued at $16,361,000 after buying a further 63,768 shares over the past quarter. Renaissance Applied sciences LLC acquired a brand new place in Asbury Automotive Group in the course of the 2nd quarter valued at about $9,340,000. Lastly, Simcoe Capital Administration LLC boosted its stake in Asbury Automotive Group by 8.7% in the course of the 2nd quarter. Simcoe Capital Administration LLC now owns 653,205 shares of the corporate’s inventory valued at $111,940,000 after buying a further 52,225 shares over the past quarter.

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Asbury Automotive Group Firm Profile

Asbury Automotive Group, Inc operates as a holding firm, which engages within the automotive dealership. Its providers embody oil change, automotive brakes, altering tires, verify engine mild, battery, and wheel alignment. The corporate was based in 1995 and is headquartered in Duluth, GA.

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