Bullish Double Top Is Formed By Asbury Automotive Group, Inc. (ABG) at $69.05

June 29, 2018 - By Catherine Smith

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

Big Money Sentiment decreased to 1.14 in 2018 Q1. It has change of 0.21, from 2017Q4’s 1.35. The ratio dropped due to Asbury Automotive Group, Inc. positioning: 16 sold and 53 reduced. 27 funds took holdings and 52 increased holdings. Investors holded 21.54 million in 2017Q4 but now own 20.46 million shares or 4.99% less.
Systematic Lp invested in 18,155 shs. Eulav Asset Mgmt reported 10,300 shs. Texas Permanent School Fund reported 12,276 shs. 18,612 were reported by Globeflex Capital Ltd Partnership. Citigroup, New York-based fund reported 323 shs. Schroder Mngmt holds 0.04% or 338,640 shs. Voya Inv Management Limited Co has 8,220 shs. Royal Bancorporation Of Canada holds 5,909 shs. Principal Fincl Grp holds 0.01% of its capital in Asbury Automotive Group, Inc. (NYSE:ABG) for 145,557 shs. Bluemountain Capital Mngmt Limited Liability Corp owns 12,105 shs. Hsbc Public Ltd Limited Liability Company owns 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 6,435 shs. 62,291 are held by Financial Bank Of America Corporation De. Denali Advisors Ltd Liability Corporation invested in 0% or 47 shs. Moon Mngmt L P accumulated 48,907 shs or 1.59% of the stock. New York-based Gotham Asset Management Limited Liability Co has invested 0.08% in Asbury Automotive Group, Inc. (NYSE:ABG).

Asbury Automotive Group, Inc. had 7 sales and 0 insider buys since February 7, 2018. This’s net activity of $4.54 million. On Thursday, March 8 a trade for 1,600 shs valued at $108,304 was made by Stax William Frederick. $219,051 worth of Asbury Automotive Group, Inc. (NYSE:ABG) was sold by Karolis George. 28,575 shs valued at $1.96M were sold by MONAGHAN CRAIG T on Wednesday, February 7. DELOACH THOMAS C JR sold $1.10M worth of stock or 15,000 shs. REDDIN THOMAS sold $103,500 worth of stock. JAMES JUANITA T also sold $66,180 worth of Asbury Automotive Group, Inc. (NYSE:ABG) shs.

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.

ABG hit $69.05 during the last trading session after $1.1 change.Asbury Automotive Group, Inc. has volume of 84,163 shares. Since June 29, 2017 ABG has risen 25.36% and is uptrending. ABG outperformed the S&P500 by 12.79%.

Investors expect Asbury Automotive Group, Inc. (NYSE:ABG)’s quarterly earnings on July, 24., RTT reports. Last year’s EPS was $1.58, while now analysts expect change of 23.42 % up from current $1.95 EPS. This could be $40.24M profit for ABG assuming the current $1.95 EPS will become reality. Analysts at Wall Street see Asbury Automotive Group, Inc.’s 1.04 % EPS growth compared to $1.93 EPS for last quarter.

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 target Asbury has $72.40 average target 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 the firm has “Underweight” rating by Morgan Stanley given. On Tuesday, February 6 Jefferies maintained Asbury Automotive Group, Inc. (NYSE:ABG) rating. Jefferies has “Hold” rating and $74.0 target. The company rating was maintained by Craig Hallum on Wednesday, February 7. On Wednesday, April 25 Buckingham Research maintained Asbury Automotive Group, Inc. (NYSE:ABG) rating. Buckingham Research has “Buy” rating and $77 target. On Tuesday, February 6 the stock of Asbury Automotive Group, Inc. (NYSE:ABG) has “Buy” rating given by Stephens.

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

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

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