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.

A number of analysts gave price targets for ABG. The highest price target was 76, implying a possible profit of 37.68 percent. The most pessimistic analyst gave a price target of 46, implying potential capital losses of -16.67 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.81 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the 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, compared to 5 analysts that revised their FY estimates downwards.

Analysts estimate earnings of ABG to grow at a rate of -16.59 percent. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of ABG is -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 lower than its 52-week high. ABG has a P/E 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 will post this quarters earnings in days, on 0000-00-00.