Equities research analysts at Stifel Nicolaus initiated coverage on shares of Asbury Automotive (NYSE: ABG) in a research note issued to investors on Friday. They set a ?hold? rating on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of Asbury Automotive from an ?outperform? rating to a ?neutral? rating in a research note to investors on Wednesday, August 24th. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Asbury Automotive from $18.50 to $21.50 in a research note to investors on Thursday, July 28th. They now have a ?hold? rating on the stock.
Asbury Automotive Group, Inc. (Asbury) is an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, replacement parts, new and used vehicle financing, and aftermarket products, such as insurance, warranty and service contracts. As of December 31, 2009, the Company operated 106 franchises at 81 dealership locations. As of December 31, 2009, Asbury operated dealerships in 21 metropolitan markets throughout the United States. The Company???s retail network consists of nine locally branded dealership groups. In January 2010, the Company was awarded two Sprinter franchises, which were added to its Mercedes-Benz locations in St. Louis, Missouri and Tampa, Florida.
Asbury Automotive last announced its quarterly results on Tuesday, July 26th. The company reported $0.51 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.44 EPS by $0.07. The company?s quarterly revenue was up 8.7% on a year-over-year basis. On average, analysts predict that Asbury Automotive will post $0.44 EPS next quarter.
Shares of Asbury Automotive opened at 16.22 on Friday. Asbury Automotive has a 52 week low of $12.42 and a 52 week high of $22.00. The stock?s 50-day moving average is $18.10 and its 200-day moving average is $17.87. The company has a market cap of $524.3 million and a price-to-earnings ratio of 10.42.
Stay on top of analysts' coverage with our daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day.
Click here to register.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.