J.P. Morgan Keeps Their Sell Rating on Asbury (ABG)

In a report released on September 12, Rajat Gupta CFA from J.P. Morgan maintained a Sell rating on Asbury, with a price target of $220.00. The company’s shares closed yesterday at $242.74.

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Gupta CFA covers the Consumer Cyclical sector, focusing on stocks such as Asbury, AutoNation, and Group 1 Automotive. According to TipRanks, Gupta CFA has an average return of 15.5% and a 59.46% success rate on recommended stocks.

Currently, the analyst consensus on Asbury is a Hold with an average price target of $252.71.

The company has a one-year high of $312.56 and a one-year low of $201.68. Currently, Asbury has an average volume of 181.6K.

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.