Why Asbury Automotive Group Inc (NYSE:ABG) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $71.11 on Asbury Automotive Group Inc (NYSE:ABG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.09 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Asbury Automotive Group Inc (NYSE:ABG) stands at 8.13.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Asbury Automotive Group Inc Com, the PEG ratio for coming 3-5 years is 0.62.

Technical Analysis

The technical analysis highlights that Asbury Automotive Group Inc Com current is trading $-3.40 points away or -5.99% from its 50-day moving average of $56.74. Further it is trading $-3.15 or -5.58% away its 200-day moving average of $56.49.

The 52-week high of Asbury Automotive Group Inc (NYSE:ABG) was $87.63 while lowest point recorded in 52-week was $43.56. It implies if stock price makes a movement of over $-34.29, it will record a new 52-week high. In the case of +22.45% drop, it will touch a new 52-week low.

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