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

Asbury Automotive Group (NYSE:ABG) had its target price boosted by Stephens from $220.00 to $260.00 in a report released on Tuesday morning,Benzinga reports. Stephens currently has an equal weight rating on the stock.

ABG has been the subject of several other reports. StockNews.com raised shares of Asbury Automotive Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 31st. Craig Hallum raised shares of Asbury Automotive Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Bank of America lowered their price target on shares of Asbury Automotive Group from $310.00 to $305.00 and set a “buy” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research note on Friday, January 17th. Finally, Seaport Res Ptn downgraded shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Five 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. According to data from MarketBeat, Asbury Automotive Group has an average rating of “Hold” and a consensus target price of $264.00.

Asbury Automotive Group Stock Performance

Asbury Automotive Group stock opened at $300.67 on Tuesday. The firm’s fifty day moving average price is $258.93 and its 200-day moving average price is $245.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.41 and a current ratio of 1.20. The stock has a market cap of $5.89 billion, a P/E ratio of 13.98 and a beta of 1.20. Asbury Automotive Group has a fifty-two week low of $202.98 and a fifty-two week high of $312.56.

Hedge Funds Weigh In On Asbury Automotive Group

Several hedge funds and other institutional investors have recently modified their holdings of ABG. GAMMA Investing LLC increased its position in shares of Asbury Automotive Group by 34.6% during the third quarter. GAMMA Investing LLC now owns 393 shares of the company’s stock valued at $94,000 after buying an additional 101 shares during the period. Inspire Investing LLC increased its position in shares of Asbury Automotive Group by 13.0% during the third quarter. Inspire Investing LLC now owns 1,734 shares of the company’s stock valued at $414,000 after buying an additional 199 shares during the period. Creative Planning increased its position in shares of Asbury Automotive Group by 5.1% during the third quarter. Creative Planning now owns 4,129 shares of the company’s stock valued at $985,000 after buying an additional 200 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Asbury Automotive Group during the third quarter valued at about $154,270,000. Finally, Moody Aldrich Partners LLC increased its position in shares of Asbury Automotive Group by 17.7% during the third quarter. Moody Aldrich Partners LLC now owns 10,830 shares of the company’s stock valued at $2,584,000 after buying an additional 1,627 shares during the period.

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.