Morgan Stanley raised the price target for the Asbury Automotive Group Inc. (NYSE:ABG) stock from “an Equal-weight” to “an Underweight”. The rating was released on May 20, 2022, according to finviz. The research report from Morgan Stanley has downgraded the stock from Overweight to Equal-Weight, with a price target set at $201. The stock was upgraded by Morgan Stanley, who disclosed in a research note on December 07, 2020, from Equal-Weight to Overweight and set the price objective to $170. In their research brief published December 03, 2020, Craig Hallum analysts upgraded the Asbury Automotive Group Inc. stock from Hold to Buy with a price target of $150.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Asbury Automotive Group Inc. (NYSE:ABG) dipped -3.40% to close Friday’s market session at $196.04, lower as compared to yesterday’s close. The stock price fluctuated between $190.76 and $200.88 throughout the trading session with the volume trading being 692949 shares, which represented a significant variation when compared to the three months average volume of 247.27K shares. The firm’s stock price fluctuated -12.96% within the last five trades and -16.27% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 23.15% in the last 6 months and 10.50% was added to its value over the previous 3 months. ABG stock is trading at a margin of -13.11%, -8.87% and 8.20% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ABG deals in the Consumer Cyclical domain. The stock is trading -22.72 percent below its 52-week high and 41.16 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 6.85. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Asbury Automotive Group Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 9.60 percent and the profit margin is 6.50 percent, and the company has reported a gross margin of 20.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $4.43 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Asbury Automotive Group Inc. (NYSE:ABG) is 4.41. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 6.37. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 0.29 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.51, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Villasana George A, the SVP, CLO & Secretary at Asbury Automotive Group Inc. (ABG) has sold 2,828 shares of firm on Mar 09 at a price of $235.60 against the total amount of $0.67 million. In another inside trade, Maric Miran, SVP, Strategy & Innovation of Asbury Automotive Group Inc. (NYSE:ABG) sold 489 shares of the firm on Mar 08 for a total worth of $0.12 million at a price of $235.42. An inside trade which took place on Mar 07, SVP, CLO & Secretary of Asbury Automotive Group Inc. Villasana George A sold 2,202 shares of firm against total price of $0.52 million at the cost of $238.01 per share.