JPMorgan Chase & Co. Boosts Asbury Automotive Group (NYSE:ABG) Price Target to $205.00

Asbury Automotive Group (NYSE:ABG – Get Rating) had its price target raised by equities research analysts at JPMorgan Chase & Co. from $195.00 to $205.00 in a research report issued to clients and investors on Monday, The Fly reports. The firm presently has a “maintains” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 17.28% from the company’s previous close.

ABG has been the topic of several other reports. Morgan Stanley lifted their target price on Asbury Automotive Group from $130.00 to $135.00 and gave the stock an “underweight” rating in a report on Friday, July 29th. StockNews.com upgraded Asbury Automotive Group from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $203.75.

Asbury Automotive Group Trading Down 3.3 %

Shares of NYSE ABG opened at $174.80 on Monday. The firm has a 50-day moving average of $172.74 and a 200 day moving average of $173.30. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.38 and a quick ratio of 0.71. Asbury Automotive Group has a 1 year low of $146.43 and a 1 year high of $230.96. The stock has a market cap of $3.87 billion, a P/E ratio of 5.23, a price-to-earnings-growth ratio of 0.26 and a beta of 1.13.

Hedge Funds Weigh In On Asbury Automotive Group

Several hedge funds and other institutional investors have recently modified their holdings of ABG. Financial Management Professionals Inc. acquired a new position in shares of Asbury Automotive Group in the first quarter valued at approximately $29,000. First Horizon Advisors Inc. boosted its stake in shares of Asbury Automotive Group by 78.4% during the 4th quarter. First Horizon Advisors Inc. now owns 223 shares of the company’s stock worth $38,000 after acquiring an additional 98 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in Asbury Automotive Group in the 1st quarter valued at approximately $114,000. Maverick Capital Ltd. acquired a new position in Asbury Automotive Group in the 4th quarter valued at $132,000. Finally, Islay Capital Management LLC purchased a new position in shares of Asbury Automotive Group in the 1st quarter worth about $133,000.

Asbury Automotive Group Company Profile

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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.

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