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Asbury (ABG) Initiated with a Hold at UBS

Tipranks - Tipranks - Thu May 28, 5:32AM CDT

UBS analyst initiated coverage with a Hold rating on Asbury today and set a price target of $202.00.

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Currently, the analyst consensus on Asbury is a Hold with an average price target of $226.00.

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Based on Asbury’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.11 billion and a net profit of $187.8 million. In comparison, last year the company earned a revenue of $4.15 billion and had a net profit of $132.1 million

Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ABG in relation to earlier this year. Earlier this month, B. Christopher DiSantis, a Director at ABG bought 157.00 shares for a total of $28,622.67.

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