Favorable Media Coverage Somewhat Unlikely to Affect Asbury Automotive Group (ABG) Share Price
Media stories about Asbury Automotive Group (NYSE:ABG) have trended positive on Friday, Accern reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Asbury Automotive Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.7319457441659 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- $1.59 Earnings Per Share Expected for Asbury Automotive Group Inc (ABG) This Quarter (americanbankingnews.com)
- ETFs with exposure to Asbury Automotive Group, Inc. : November 7, 2017 (finance.yahoo.com)
- Asbury Automotive Group Inc (ABG) Director Joel Alsfine Sells 200,000 Shares (americanbankingnews.com)
- Asbury Automotive Group, Inc. :ABG-US: Earnings Analysis: Q3, 2017 By the Numbers : November 6, 2017 (finance.yahoo.com)
Shares of Asbury Automotive Group (NYSE ABG) traded up $1.15 during trading hours on Friday, reaching $61.95. 345,263 shares of the company traded hands, compared to its average volume of 239,605. The company has a market cap of $1,290.00, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 1.08 and a beta of 1.55. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.38 and a current ratio of 1.25. Asbury Automotive Group has a fifty-two week low of $49.10 and a fifty-two week high of $71.00.
Asbury Automotive Group (NYSE:ABG) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.09). The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.68 billion. Asbury Automotive Group had a net margin of 2.54% and a return on equity of 42.24%. Asbury Automotive Group’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.52 EPS. equities analysts predict that Asbury Automotive Group will post 6.28 earnings per share for the current fiscal year.
ABG has been the topic of several analyst reports. Deutsche Bank AG reiterated a “hold” rating and set a $58.00 price target (down previously from $60.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Jefferies Group LLC reiterated a “hold” rating and set a $61.00 price target on shares of Asbury Automotive Group in a research report on Thursday, October 12th. Zacks Investment Research lowered shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Craig Hallum reiterated a “hold” rating and set a $55.00 price target (down previously from $65.00) on shares of Asbury Automotive Group in a research report on Wednesday, July 26th. Finally, TheStreet lowered shares of Asbury Automotive Group from a “b-” rating to a “c+” rating in a research report on Thursday, August 10th. Two research 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 stock has an average rating of “Hold” and a consensus price target of $56.75.
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In related news, CEO Craig T. Monaghan sold 48,288 shares of the stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $60.96, for a total value of $2,943,636.48. Following the completion of the transaction, the chief executive officer now owns 125,408 shares of the company’s stock, valued at approximately $7,644,871.68. 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 stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $51.27, for a total transaction of $5,380,735.23. The disclosure for this sale can be found here. In the last three months, insiders sold 374,333 shares of company stock valued at $22,000,815. 11.90% of the stock is owned by insiders.
About Asbury Automotive Group
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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