Morgan Stanley (NYSE:MS) analyst Armintas Sinkevicius maintained a Hold rating on Asbury (NYSE:ABG) Automotive Group Inc on Friday, setting a price target of $100, which is approximately 8.68% above the present share price of $92.01.
Sinkevicius expects Asbury Automotive Group Inc to post earnings per share (EPS) of $1.02 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Asbury, with an average price target of $91.17.
The analysts price targets range from a high of $100 to a low of $68.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.61 billion and a net profit of $58 million. The company's market cap is $1.7 billion.
According to TipRanks.com, Morgan Stanley analyst Armintas Sinkevicius is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -3.5% and a 44.83% 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.