Asbury Automotive Group, Inc. (ABG) With $69.05 Price Forms Double Top

June 29, 2018 - By Anthony Rauscher

Asbury Automotive Group, Inc. (NYSE:ABG) Corporate Logo

Big Money Sentiment decreased to 1.14 in Q1 2018. It has change of 0.21, from 2017Q4’s 1.35. The ratio fall due to Asbury Automotive Group, Inc. positioning: 16 sold and 53 reduced. 27 funds bought holdings and 52 increased holdings. Investors holded 21.54 million in 2017Q4 but now own 20.46 million shares or 4.99% less.
Jennison Associate Lc invested in 20,445 shs or 0% of the stock. 1832 Asset Mngmt Limited Partnership invested in 85 shs or 0% of the stock. Marshall Wace Llp holds 0.02% or 6,000 shs in its capital. Ubs Asset Management Americas holds 9,950 shs. Bancorp Of Montreal Can owns 408 shs. New York-based Gotham Asset Ltd Com has invested 0.08% in Asbury Automotive Group, Inc. (NYSE:ABG). Citigroup Inc holds 0% or 323 shs. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Corp reported 16,900 shs stake. Robeco Institutional Asset Management Bv invested in 3,721 shs or 0% of the stock. Geode Mngmt Limited Liability Corp has 165,640 shs. Jefferies Gru Ltd Liability Corporation holds 4,706 shs. Arizona State Retirement Systems stated it has 29,265 shs or 0.02% of all its holdings. Utd Automobile Association holds 0% in Asbury Automotive Group, Inc. (NYSE:ABG) or 8,991 shs. Denali Limited Liability Co accumulated 47 shs or 0% of the stock. State Of Alaska Department Of Revenue invested in 0.01% or 5,984 shs.

Asbury Automotive Group, Inc. registered $4.54 million net activity with 0 insider purchases and 7 insider sales since February 7, 2018. Another trade for 13,263 shs valued at $973,239 was made by Villasana George A on Wednesday, June 6. On Thursday, June 7 DELOACH THOMAS C JR also sold $1.10M worth of Asbury Automotive Group, Inc. (NYSE:ABG). 1,600 shs were sold by Stax William Frederick, worth $108,304 on Thursday, March 8. REDDIN THOMAS also sold $103,500 worth of Asbury Automotive Group, Inc. (NYSE:ABG) shs. MONAGHAN CRAIG T sold $1.96 million worth of Asbury Automotive Group, Inc. (NYSE:ABG) or 28,575 shs on Wednesday, February 7. 1,000 shs valued at $66,180 were sold by JAMES JUANITA T on Friday, March 2.

Asbury Automotive Group, Inc. (ABG) makes double top. It has $71.81 target and $69.05 price per share. The stock has $1.43B MC. Finviz.com reported it on Jun, 29. At $71.81 stock target, the company valuation changes by $57.00M more.

Ticker’s shares touched $69.05 during the last trading session after 1.57% change.Currently Asbury Automotive Group, Inc. is uptrending after 25.36% change in last June 29, 2017. ABG has also 84,163 shares volume. The stock outperformed the S&P 500 by 12.79%.

Asbury Automotive Group, Inc. (NYSE:ABG) is awaited to announce earnings on July, 24., according to RTT. Analysts forecast 23.42 % diference or $1.95 from the $1.58 EPS from 2017. If ABG’s EPS is $1.95 the profit will hit $40.24M for 8.85 P/E. Wall Street predicts 1.04 % EPS growth as of July, 24.

Asbury Automotive Group, Inc. (NYSE:ABG) Ratings Coverage

In total 5 analysts cover Asbury (NYSE:ABG). “Buy” rating has 2, “Sell” are 1, while 2 are “Hold”. 40% are bullish. With $81.0 highest and $63 lowest PT Asbury has $72.40 average PT or 4.85% above the current ($69.05) price. 5 are the (NYSE:ABG)’s analyst reports since February 6, 2018 according to StockzIntelligence Inc. On Wednesday, March 14 Morgan Stanley maintained Asbury Automotive Group, Inc. (NYSE:ABG) rating. Morgan Stanley has “Underweight” rating and $63 target. On Wednesday, February 7 the rating was maintained by Craig Hallum with “Hold”. On Tuesday, February 6 the stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Hold” rating given by Jefferies. On Wednesday, April 25 the rating was maintained by Buckingham Research with “Buy”. On Tuesday, February 6 the firm earned “Buy” rating by Stephens.

Another two news for Asbury Automotive Group, Inc. (NYSE:ABG) were recently announced by: Globenewswire.com on June 14, 2018 with title “Detailed Research: Economic Perspectives on Stein Mart, Asbury Automotive Group, Sprint, The Kraft Heinz, Allergan …”. The other Seekingalpha.com‘s article was titled “Auto dealership names higher on M&A buzz” and announced on June 11, 2018.

Asbury Automotive Group, Inc. (NYSE:ABG) Institutional Investors Chart

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