Asbury Automotive Group Inc (NYSE:ABG) has a mean price target of $71.110 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.490 a share for the very next quarter and $6.090 for this year.
The technical study of Asbury Automotive Group Inc Com demonstrates that the 50-day moving average of Asbury Automotive Group Inc (NYSE:ABG) stock is $55.953, and is trading $-1.718 points away or -3.071% from 50-day moving average of $55.953. It is trading $-2.497 or -4.401% away 200-day moving average of $56.732.
The 52-week high of Asbury Automotive Group Inc (NYSE:ABG) was $87.630 while $43.560 is the low mark in the same period. It state Asbury Automotive Group Inc Com share price has to surge more than $-33.395 to hit 52-week high or drop +24.506% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Asbury Automotive Group Inc Com, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Asbury Automotive Group Inc (NYSE:ABG) ratio came in at 8.265, after dividing current equity price by yearly earnings. Asbury Automotive Group Inc Com stock recorded a close of $54.235 in last trading session, registering a market cap of $1.20B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Asbury Automotive Group Inc (NYSE:ABG) PEG ratio is at 0.640.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...