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ABG: Bull or Bear?

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ABG will see 20% over the next 3 months. I have my limit sell set. ABG

83%

+210.69% in 292 days The shares were recently trading near the low end of the historical total enterprise valueto- EBITDA range of 8X to 10X and within the peer range of 6X to 12X. Based on a multiple of price to EPS, ABG's valuation is at a discount to the average of peers in our coverage universe. We believe this reflects ABG's narrower net margins.We apply a P/E of 7.5X to our 2009 EPS estimate to arrive at our 12-month target price of $5, which reflects historical and peer multiple comparisons.      ---S&P Continue reading »

From the Blogosphere

Analyst upgrades, downgrades and initiations: AA, NOK, EXPE, MTB, CSC ...

Filed under: Analyst reports, Analyst upgrades and downgrades, Nokia Corp. (NOK), Alcoa Inc (AA), Expedia Inc (EXPE), Analyst initiations Analyst upgrades: <> JP Morgan upgraded Alcoa (NYSE: AA) to Overweight from Neutral and added shares to its Focus List. The analyst said the equity offering and dividend cut provide enough "liquidity insurance" to make it through 2009 and now views risk/reward as attractive. <>Deutsche Bank upgraded Asbury Automotive (NYSE: ABG) to Buy from Hold as it finds the current valuation attractive and thinks the company's cost savings will drive upside in a reco... Continue reading »

Unusual 11 Mid-Day Movers 3/16: FEED, GBX, C, ABG; QDEL, PCAP, SNDK

AgFeed Industries (NYSE: FEED) 71% HIGHER; reports FY08 EPS of $0.74, 12 cents better than the analyst estimate of $0.62. Revenues for the quarter were $143.66 million, versus the consensus of $139 million.Greenbriar (NYSE: GBX) 35% HIGHER; KeyBanc upgrades Greenbrier (NYSE: GBX) from Hold to Buy. Price target $7. Citigroup (NYSE: C) 30% HIGHER; continues to bounce off its lows. Investors seem to be buying the financials after Bernanke made some hopeful comments on 60 Minutes last night.Asbury Automotive Group (NYSE: ABG) 26% HIGHER; reports Q4 EPS of $0.08, versus the analyst estimate of (... Continue reading »

Newspaper wrap-up: Stocks to buy that might also be taken over

Filed under: Newspapers, Magazines, Apple Inc (AAPL), Goldman Sachs Group (GS), Amer Intl Group (AIG) MAJOR PAPERS: <> The Wall Street Journal's "Smartmoney Stock Screen" looks at eight companies whose valuations make them ripe to buy, and they also may be in the sites of corporate buyers. The big eight include Asbury Automotive Group Inc (NYSE: ABG), Crane Company (NYSE: CR), Scholastic Corporation (NASDAQ: SCHL) and The Scotts Miracle-Gro Company (NYSE: SMG). <>The Wall Street Journal's Walter Mossberg said in the "Personal Technology" column that he cannot recommend Apple Inc's (NASDAQ: ... Continue reading »

Wednesday's Upgrades and Downgrades

2 %

<> Upgrades SEI Investments (SEIC)- Janney Mntgmy Scott Neutral » Buy Cost Plus (CPWM)- Caris & Company Average » Above Average Northwest Banc (NWSB)- Sterne Agee Hold » Buy Max Capital Group (MXGL)- Banc of America Sec Neutral » Buy Fresh Del Monte (FDP)- Wachovia Mkt Perform » Outperform Conexant (CNXT)- Jefferies & Co Hold » Buy Somanetics (SMTS)- Citigroup Hold » Buy Coca-Cola (KO)- Deutsche Securities Hold » Buy Royal Dutch Shell B (RDS.B)- Citigroup Hold » Buy Hilb, Rogal & Hobbs (HRH)- Lehman Brothers Underweight » Equal-Weight Kellogg (... Continue reading »

Wednesday's Upgrades and Downgrades

<> Upgrades SEI Investments (SEIC)- Janney Mntgmy Scott Neutral » Buy Cost Plus (CPWM)- Caris & Company Average » Above Average Northwest Banc (NWSB)- Sterne Agee Hold » Buy Max Capital Group (MXGL)- Banc of America Sec Neutral » Buy Fresh Del Monte (FDP)- Wachovia Mkt Perform » Outperform Conexant (CNXT)- Jefferies & Co Hold » Buy Somanetics (SMTS)- Citigroup Hold » Buy Coca-Cola (KO)- Deutsche Securities Hold » Buy Royal Dutch Shell B (RDS.B)- Citigroup Hold » Buy Hilb, Rogal & Hobbs (HRH)- Lehman Brothers Underweight » Equal-Weight Kellogg (... Continue reading »

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