Barclays Sticks to Their Hold Rating for Asbury (ABG)

Barclays analyst John Babcock maintained a Hold rating on Asbury today and set a price target of $251.00.

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According to TipRanks, Babcock is a 4-star analyst with an average return of 17.4% and a 60.76% success rate. Babcock covers the Consumer Cyclical sector, focusing on stocks such as Asbury, LKQ, and Lithia Motors.

The word on The Street in general, suggests a Hold analyst consensus rating for Asbury with a $253.60 average price target.

Based on Asbury’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.8 billion and a net profit of $7.52 million. In comparison, last year the company earned a revenue of $4.24 billion and had a net profit of $126.3 million

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. Last month, Jed Milstein, the SVP & CHRO of ABG sold 1,132.00 shares for a total of $266,314.32.