Zacks Investment Research downgraded Asbury Automotive Group, Inc. (NYSE:ABG) to Hold in a statement released earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Asbury Automotive Group, Inc. (NYSE:ABG) to Hold in a report released on Monday October 17, 2016.
Previously on 09/27/2016, Zacks Investment Research reported on Asbury Automotive Group, Inc. (NYSE:ABG) upped the target price from $0.00 to $62.00 that suggested an upside of 0.13%.
Boasting a price of $55.25, Asbury Automotive Group, Inc. (NYSE:ABG) traded -0.27% lower on the day. The last stock close price is down -1.03% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. The company has recorded a 50-day moving average of $54.63 and a two hundred day average of $55.82. Volume of trade was down over the average, with 129,627 shares of ABG changing hands under the typical 217,788
Asbury Automotive Group, Inc. has a 52 week low of $43.56 and a 52 week high of $87.61 with a PE ratio of 8.42 Asbury Automotive Group, Inc.’s total market value is presently $0.
A total of 10 equity analysts have released a ratings update on ABG. Three equity analysts rating the company a strong buy, three equity analysts rating the stock a buy, 4 firms rating the stock a hold, one brokerage rating the company a underperform, and finally zero brokerages rating the stock a sell with a average stock price target of $78.40.
Brief Synopsis On Asbury Automotive Group, Inc. (NYSE:ABG)
Asbury Automotive Group, Inc. is an automotive retailer in the United States. The Company offers a range of automotive products and services, including new vehicles; used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts, and collision repair services, and finance and insurance, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection (GAP) insurance, prepaid maintenance, and credit life and disability insurance. The Company owns and operates approximately 100 new vehicle franchises, representing over 30 brands of automobiles at over 80 dealership locations, and over 20 collision centers in the United States. The Company's brand names included Nalley Automotive Group, Courtesy Autogroup, Coggin Automotive Group, Crown Automotive Company, David McDavid Auto Group, North Point Auto Group, Gray-Daniels Auto Family and Plaza Motor Company.
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