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.
Many analysts weighed in on price targets for ABG. The most optimistic price target was 76, which equates to a potential upside of 37.68 percent. The minimum price target given was 46, implying potential capital losses 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. This can be compared with the average change in earnings estimates over the past 3 months, which is -2.12 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -1 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.3 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 4 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 5 analysts that revised their FY estimates downwards.
ABG has an estimated earnings growth rate of -16.59 percent as forecasted by analysts. People on Wall Street often look at a company's 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. 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 below the 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.