KeyBanc (KEY) Analysts Now Covering Asbury Automotive (ABG) Stock

Equities research analysts at KeyBanc (NYSE: KEY initiated coverage on shares of Asbury Automotive (NYSE: ABG in a research note issued to investors on Tuesday. They set a "hold" rating on the stock. The analysts noted that the move was a valuation call.

Separately, analysts at Deutsche Bank (NYSE: DB cut their price target on shares of Asbury Automotive to $18.50 in a research note to investors on Thursday, October 27th. Also, analysts at Stifel Nicolaus initiated coverage on shares of Asbury Automotive in a research note to investors on Friday, September 23rd. They set a "hold" rating on the stock.

Asbury Automotive Group, Inc. (Asbury is an automotive retailer in the United States. It offers a range of automotive products and services, including new and used vehicles, vehicle maintenance and repair services, replacement parts, new and used vehicle financing, and aftermarket products, such as insurance, warranty and service contracts. As of December 31, 2009, the Company operated 106 franchises at 81 dealership locations. As of December 31, 2009, Asbury operated dealerships in 21 metropolitan markets throughout the United States. The Company’s retail network consists of nine locally branded dealership groups. In January 2010, the Company was awarded two Sprinter franchises, which were added to its Mercedes-Benz locations in St. Louis, Missouri and Tampa, Florida.

Shares of Asbury Automotive traded flat at $20.57 during mid-day trading on Tuesday. Asbury Automotive has a 52 week low of $14.96 and a 52 week high of $22.00. The stock's 50-day moving average is $19.06 and its 200-day moving average is $18.2. The company has a market cap of $653.6 million and a price-to-earnings ratio of 13.17.

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