Asbury Automotive Group (ABG) Earning Favorable Media Coverage, Report Finds
Headlines about Asbury Automotive Group (NYSE:ABG) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Asbury Automotive Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.2979777142544 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
A number of analysts have recently weighed in on ABG shares. Zacks Investment Research lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Monday, July 3rd. Morgan Stanley lowered their target price on Asbury Automotive Group from $56.00 to $53.00 and set an “underweight” rating for the company in a research note on Friday, June 9th. Deutsche Bank AG restated a “hold” rating and issued a $58.00 target price (down from $60.00) on shares of Asbury Automotive Group in a research note on Wednesday, July 26th. BidaskClub lowered Asbury Automotive Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 24th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $61.00 target price (down from $68.00) on shares of Asbury Automotive Group in a research note on Wednesday, July 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $57.80.
Asbury Automotive Group (NYSE ABG) traded up 2.05% during trading on Friday, reaching $59.60. The company had a trading volume of 330,500 shares. Asbury Automotive Group has a 12-month low of $47.50 and a 12-month high of $71.00. The firm has a market capitalization of $1.24 billion, a PE ratio of 7.75 and a beta of 1.42. The firm’s 50 day moving average price is $53.69 and its 200 day moving average price is $56.92.
Asbury Automotive Group (NYSE:ABG) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $1.58 EPS for the quarter, missing analysts’ consensus estimates of $1.67 by ($0.09). Asbury Automotive Group had a return on equity of 46.58% and a net margin of 2.53%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period last year, the firm posted $1.65 EPS. Asbury Automotive Group’s quarterly revenue was up .3% on a year-over-year basis. Analysts anticipate that Asbury Automotive Group will post $6.34 earnings per share for the current year.
In other Asbury Automotive Group news, Director Dennis E. Clements sold 5,000 shares of the company’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $58.66, for a total value of $293,300.00. Following the completion of the transaction, the director now owns 20,531 shares of the company’s stock, valued at approximately $1,204,348.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Msd Capital L. P sold 104,949 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $51.27, for a total value of $5,380,735.23. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,444 shares of company stock valued at $5,700,889. Insiders own 11.90% of the company’s stock.
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Asbury Automotive Group Company Profile
Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.
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