Bank of America (NYSE:BAC) Securities analyst John Murphy maintained a Buy rating on Asbury (NYSE:ABG) on Tuesday, setting a price target of $330, which is approximately 47.68% above the present share price of $223.46.
Murphy expects Asbury to post earnings per share (EPS) of $7.88 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Asbury, with an average price target of $243.
The analysts price targets range from a high of $330 to a low of $180.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $2.58 billion and a net profit of $218.4 million. The company's market cap is $4.32 billion.
According to TipRanks.com, Bank of America Securities analyst John Murphy is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 15.1% and a 63.98% success rate.
Asbury Automotive Group, Inc. operates as a holding company, which engages in the automotive dealership. It offers a range of automotive products and services, including new and used vehicles; vehicle maintenance, replacement parts and collision repair services; new and used vehicle financing; and aftermarket products such as insurance, warranty and service contracts. The company was founded in 1995 and is headquartered in Duluth, GA.