Analyst Ratings for Asbury Automotive Group Inc. (ABG)Updated: 2017-07-29
An average rating of Hold has been given to Asbury Automotive Group Inc. (NYSE:ABG) by analysts covering the stock. ABG had previously received a consensus rating of Overweight a month ago.
A buy rating was issued by 3 analysts, 1 gave an overweight rating, 8 issued a hold rating, 0 issued an underweight rating, and 1 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Investment analysts gave a few price targets for ABG. The highest price target was 76, which equates to a potential upside of 37.68 percent. The most pessimistic analyst gave a price target of 46, implying a possible loss of -16.67 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Analysts have revised their earnings estimates downwards for this quarter, by about -1.81 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is -2.12 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -1 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.3 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. Over the past month, 0 analysts increased their quarterly estimates, while 4 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 5 analysts decreased their estimates.
Analysts estimate earnings of ABG to grow at a rate of -16.59 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. ABG has a PEG ratio of -0.43.
ABG has a 52-week high of 71.00 and a 52-week low of 47.50. The current market price is above the trailing year's low by 16.21 percent, and 22.25 percent below the high. ABG has a price/earnings ratio of 7.19. Investors typically compare the P/E ratio to a company's peers in the industry. The ABG value stock report compares ABG to some of its peers using value stock charts. The market cap of ABG is $1.15 billion. ABG's next earnings release will be on 0000-00-00, which is days away.