Bank of America Securities Keeps Their Buy Rating on Asbury (ABG)

In a report released today, Federico Merendi from Bank of America Securities reiterated a Buy rating on Asbury, with a price target of $300.00. The company’s shares closed yesterday at $253.94.

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Merendi covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Lucid Group, and PHINIA Inc.. According to TipRanks, Merendi has an average return of 6.9% and a 75.00% success rate on recommended stocks.

Currently, the analyst consensus on Asbury is a Hold with an average price target of $251.71.

ABG market cap is currently $5B and has a P/E ratio of 9.28.

Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ABG in relation to earlier this year. Earlier this month, Maureen F Morrison, a Director at ABG sold 800.00 shares for a total of $204,488.00.