Asbury Automotive Group (NYSE:ABG) Stock Rating Lowered by Craig Hallum

Asbury Automotive Group (NYSE:ABG) was downgraded by research analysts at Craig Hallum from a “strong-buy” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other equities analysts have also commented on the company. StockNews.com raised Asbury Automotive Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. cut their price objective on shares of Asbury Automotive Group from $260.00 to $255.00 and set a “neutral” rating for the company in a research report on Friday, January 17th. Stephens lifted their price target on shares of Asbury Automotive Group from $220.00 to $260.00 and gave the company an “equal weight” rating in a report on Tuesday, February 11th. Finally, Seaport Res Ptn lowered shares of Asbury Automotive Group from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $264.00.

Asbury Automotive Group Price Performance

Asbury Automotive Group stock opened at $294.55 on Tuesday. The business has a fifty day moving average price of $263.90 and a 200-day moving average price of $247.37. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.41. The firm has a market capitalization of $5.77 billion, a P/E ratio of 13.69 and a beta of 1.20. Asbury Automotive Group has a one year low of $202.98 and a one year high of $312.56.

Insiders Place Their Bets

In other Asbury Automotive Group news, COO Daniel Clara sold 1,217 shares of Asbury Automotive Group stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $296.64, for a total value of $361,010.88. Following the transaction, the chief operating officer now directly owns 3,747 shares in the company, valued at approximately $1,111,510.08. This trade represents a 24.52 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.

Institutional Trading of Asbury Automotive Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABG. CIBC Private Wealth Group LLC grew its position in shares of Asbury Automotive Group by 9.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 484 shares of the company’s stock worth $117,000 after acquiring an additional 41 shares in the last quarter. Bank of Montreal Can lifted its stake in Asbury Automotive Group by 2.0% during the fourth quarter. Bank of Montreal Can now owns 2,502 shares of the company’s stock valued at $608,000 after purchasing an additional 48 shares during the last quarter. SkyView Investment Advisors LLC raised its holdings in Asbury Automotive Group by 2.4% during the 3rd quarter. SkyView Investment Advisors LLC now owns 2,119 shares of the company’s stock worth $506,000 after buying an additional 50 shares during the period. HighTower Advisors LLC lifted its stake in Asbury Automotive Group by 3.2% in the 3rd quarter. HighTower Advisors LLC now owns 1,720 shares of the company’s stock worth $409,000 after acquiring an additional 53 shares in the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in shares of Asbury Automotive Group by 3.2% in the third quarter. OneDigital Investment Advisors LLC now owns 1,843 shares of the company’s stock worth $440,000 after acquiring an additional 57 shares during the last quarter.

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.