Asbury Automotive Team, Inc. (NYSE:ABG) shares shot up 6.1% all through mid-working day investing on Monday . The business traded as substantial as $152.11 and final traded at $151.32. 297,773 shares adjusted arms through investing, an maximize of 25% from the average session volume of 237,584 shares. The inventory experienced previously closed at $142.61.
A variety of brokerages have issued experiences on ABG. Seaport International Securities began protection on Asbury Automotive Group in a report on Monday, October 19th. They established a “buy” ranking and a $133.00 goal price on the inventory. Truist raised their selling price concentrate on on Asbury Automotive Team from $130.00 to $180.00 in a exploration report on Friday, January 15th. Morgan Stanley elevated Asbury Automotive Team from an “equal weight” score to an “overweight” ranking and established a $170.00 cost goal on the inventory in a investigate report on Monday, December 7th. Lender of The usa dropped their selling price target on Asbury Automotive Group from $170.00 to $166.00 and set a “buy” rating on the inventory in a analysis report on Tuesday, November 17th. Lastly, Zacks Expenditure Research reduced Asbury Automotive Group from a “buy” score to a “hold” rating in a investigate report on Monday, January 4th. 3 expenditure analysts have rated the inventory with a maintain ranking and 4 have issued a acquire score to the inventory. Asbury Automotive Group presently has a consensus score of “Buy” and an average value focus on of $142.13.
The inventory has a 50-day transferring normal of $151.51 and a 200-day relocating average of $121.14. The firm has a industry cap of $2.92 billion, a selling price-to-earnings ratio of 14.01, a selling price-to-earnings-advancement ratio of .61 and a beta of 1.75. The firm has a debt-to-fairness ratio of 1.45, a speedy ratio of .39 and a recent ratio of 1.07.
A quantity of institutional buyers have lately built improvements to their positions in ABG. Steward Associates Expenditure Advisory LLC acquired a new place in shares of Asbury Automotive Team through the 3rd quarter well worth roughly $29,000. C M Bidwell & Associates Ltd. elevated its placement in shares of Asbury Automotive Team by 142.8% through the 3rd quarter. C M Bidwell & Associates Ltd. now owns 556 shares of the company’s inventory well worth $54,000 immediately after paying for an further 327 shares throughout the last quarter. Nisa Financial commitment Advisors LLC elevated its posture in shares of Asbury Automotive Group by 281.3% during the 3rd quarter. Nisa Expenditure Advisors LLC now owns 610 shares of the company’s stock worthy of $59,000 immediately after getting an added 450 shares during the last quarter. Place72 Hong Kong Ltd acquired a new position in shares of Asbury Automotive Group throughout the 3rd quarter really worth roughly $92,000. Eventually, Captrust Financial Advisors obtained a new position in shares of Asbury Automotive Group during the 3rd quarter worth somewhere around $121,000.
Asbury Automotive Team Corporation Profile (NYSE:ABG)
Asbury Automotive Group, Inc, together with its subsidiaries, operates as an automotive retailer in the United States. It gives a variety of automotive goods and providers, such as new and used cars and car restore and upkeep services, substitution pieces, and collision mend services.
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