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 potential capital gains of 37.68 percent. The most pessimistic price target was 46, which equates to a potential downside of -16.67 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.81 percent. The average change in earnings estimates over the last 90 days is -2.12 percent. Meanwhile, fiscal year estimates have been revised downwards by -1 percent, compared to last month. 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. 0 analysts made positive revisions to their quarterly estimates over the past month, while 4 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 5 analysts decreased their estimates.
Analysts estimate earnings of ABG to grow at a rate of -16.59 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of ABG is -0.43.
In the trailing 52-weeks, ABG hit 71.00 at the highest peak, while it's lowest trading point was 47.50. Today's price is 16.21 percent above the 52-week low, and below the high by 22.25 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.