Asbury Automotive Team, Inc. (NYSE:ABG) – Investment decision analysts at Seaport Worldwide Securities diminished their Q1 2021 EPS estimates for Asbury Automotive Group in a investigate be aware issued to traders on Wednesday, February 3rd. Seaport World Securities analyst G. Chin now anticipates that the business will gain $3.99 for every share for the quarter, down from their prior estimate of $4.00. Seaport World-wide Securities at present has a “Buy” ranking and a $133.00 rate objective on the inventory. Seaport International Securities also issued estimates for Asbury Automotive Group’s Q2 2021 earnings at $3.72 EPS, Q3 2021 earnings at $3.85 EPS, Q4 2021 earnings at $3.40 EPS, FY2021 earnings at $14.96 EPS and FY2022 earnings at $15.98 EPS.
Asbury Automotive Group (NYSE:ABG) previous unveiled its earnings success on Monday, February 1st. The enterprise described $4.44 EPS for the quarter, topping the consensus estimate of $4.13 by $.31. Asbury Automotive Group experienced a return on equity of 29.87% and a internet margin of 3.08%. The organization had earnings of $2.23 billion during the quarter, in comparison to analysts’ expectations of $2.17 billion. Through the identical quarter last year, the organization posted $2.53 earnings for every share. The firm’s profits was up 18.% on a yr-about-year foundation.
Other analysis analysts have also issued research experiences about the corporation. JPMorgan Chase & Co. enhanced their cost focus on on Asbury Automotive Team from $125.00 to $145.00 and gave the stock a “neutral” ranking in a report on Friday, January 15th. Financial institution of America slash their rate focus on on Asbury Automotive Group from $170.00 to $166.00 and established a “buy” rating on the stock in a report on Tuesday, November 17th. Craig Hallum greater their value concentrate on on Asbury Automotive Team from $150.00 to $180.00 and gave the inventory a “buy” rating in a report on Wednesday. Zacks Expense Study decreased Asbury Automotive Team from a “buy” ranking to a “hold” score in a report on Monday, January 4th. Lastly, Morgan Stanley upgraded Asbury Automotive Group from an “equal weight” ranking to an “overweight” ranking and set a $170.00 selling price goal on the stock in a report on Monday, December 7th. Three financial commitment analysts have rated the stock with a hold ranking and four have issued a obtain score to the inventory. The company presently has a consensus score of “Buy” and a consensus rate target of $145.88.
NYSE ABG opened at $153.24 on Thursday. The business enterprise has a 50 working day uncomplicated shifting regular of $151.81 and a 200 working day uncomplicated going normal of $121.87. The inventory has a current market capitalization of $2.96 billion, a P/E ratio of 14.19, a P/E/G ratio of .61 and a beta of 1.75. The enterprise has a financial debt-to-fairness ratio of 1.45, a existing ratio of 1.07 and a swift ratio of .39. Asbury Automotive Group has a 1 year minimal of $88.74 and a one particular year superior of $269.28.
Many hedge money have recently purchased and marketed shares of ABG. Steward Companions Financial commitment Advisory LLC bought a new posture in shares of Asbury Automotive Team in the 3rd quarter valued at around $29,000. C M Bidwell & Associates Ltd. lifted its holdings in Asbury Automotive Team by 142.8% all through the third quarter. C M Bidwell & Associates Ltd. now owns 556 shares of the company’s stock worthy of $54,000 just after obtaining an supplemental 327 shares throughout the period. Nisa Expenditure Advisors LLC lifted its holdings in Asbury Automotive Team by 281.3% throughout the third quarter. Nisa Financial commitment Advisors LLC now owns 610 shares of the company’s inventory worthy of $59,000 immediately after buying an extra 450 shares during the interval. Point72 Hong Kong Ltd bought a new stake in Asbury Automotive Team for the duration of the 3rd quarter worthy of $92,000. At last, Captrust Economical Advisors bought a new stake in Asbury Automotive Team for the duration of the 3rd quarter truly worth $121,000.
Asbury Automotive Team Business Profile
Asbury Automotive Team, Inc, alongside one another with its subsidiaries, operates as an automotive retailer in the United States. It features a array of automotive solutions and companies, which includes new and used motor vehicles and motor vehicle mend and routine maintenance products and services, substitute pieces, and collision repair service products and services.
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