Favorable Press Coverage Somewhat Unlikely to Impact Asbury Automotive Group (ABG) Share Price

Headlines about Asbury Automotive Group (NYSE:ABG) have trended positive this week, according to Accern. The research group rates the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Asbury Automotive Group earned a coverage optimism score of 0.34 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.4020537739258 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Several equities analysts have recently commented on the stock. Jefferies Group restated a “hold” rating and issued a $61.00 target price on shares of Asbury Automotive Group in a research report on Thursday, October 12th. Zacks Investment Research cut shares of Asbury Automotive Group from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd. Finally, TheStreet upgraded shares of Asbury Automotive Group from a “c+” rating to a “b-” rating in a research report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Asbury Automotive Group presently has an average rating of “Hold” and an average target price of $56.75.

Shares of Asbury Automotive Group (NYSE:ABG) opened at $66.20 on Thursday. The stock has a market cap of $1,408.32, a P/E ratio of 10.91, a P/E/G ratio of 1.21 and a beta of 1.56. The company has a current ratio of 1.25, a quick ratio of 0.38 and a debt-to-equity ratio of 2.60. Asbury Automotive Group has a 1-year low of $49.10 and a 1-year high of $71.00.

Asbury Automotive Group (NYSE:ABG) last announced its quarterly earnings results on Tuesday, October 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.09). The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.68 billion. Asbury Automotive Group had a net margin of 2.54% and a return on equity of 42.24%. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.52 earnings per share. research analysts anticipate that Asbury Automotive Group will post 6.25 earnings per share for the current fiscal year.

In other Asbury Automotive Group news, CEO Craig T. Monaghan sold 48,288 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $60.96, for a total transaction of $2,943,636.48. Following the sale, the chief executive officer now directly owns 125,408 shares of the company’s stock, valued at approximately $7,644,871.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Craig T. Monaghan sold 16,096 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $61.08, for a total transaction of $983,143.68. Following the sale, the chief executive officer now directly owns 125,408 shares in the company, valued at $7,659,920.64. The disclosure for this sale can be found here. Insiders have sold a total of 270,884 shares of company stock worth $16,719,320 over the last ninety days. 11.90% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://stocknewstimes.com/2017/12/07/favorable-press-coverage-somewhat-unlikely-to-impact-asbury-automotive-group-abg-share-price.html.

About Asbury Automotive Group

Asbury Automotive Group, Inc is an automotive retailer in the United States. As of December 31, 2016, the Company owned and operated 93 new vehicle franchises, representing 28 brands of automobiles at 77 dealership locations, and 23 collision centers in the United States. In addition, as of December 31, 2016, it owned and operated two standalone used vehicle stores in Florida.

Insider Buying and Selling by Quarter for Asbury Automotive Group (NYSE:ABG)

Receive News & Ratings for Asbury Automotive Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asbury Automotive Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply