Shares of Avis Budget Group, Inc. (NASDAQ:CAR – Get Free Report) have received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $143.29.
Several brokerages have recently commented on CAR. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Avis Budget Group from $155.00 to $146.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. StockNews.com lowered Avis Budget Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. The Goldman Sachs Group dropped their price target on Avis Budget Group from $120.00 to $105.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. reduced their price objective on Avis Budget Group from $205.00 to $175.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 7th. Finally, Susquehanna lowered their target price on shares of Avis Budget Group from $120.00 to $95.00 and set a “neutral” rating for the company in a research note on Friday, August 9th.
Institutional Inflows and Outflows
Avis Budget Group Trading Up 8.7 %
Avis Budget Group stock opened at $76.36 on Monday. The stock has a market cap of $2.72 billion, a P/E ratio of 2.41 and a beta of 2.14. The company has a fifty day simple moving average of $89.97 and a 200-day simple moving average of $104.16. Avis Budget Group has a 12-month low of $65.73 and a 12-month high of $204.77.
Avis Budget Group (NASDAQ:CAR – Get Free Report) last posted its quarterly earnings data on Monday, August 5th. The business services provider reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $2.60 by ($2.19). Avis Budget Group had a net margin of 6.58% and a negative return on equity of 230.71%. The firm had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter last year, the business earned $11.01 earnings per share. The business’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, sell-side analysts forecast that Avis Budget Group will post 7.68 earnings per share for the current fiscal year.
Avis Budget Group Company Profile
Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers in the Americas, Europe, the Middle East and Africa, Asia, and Australasia. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; and the Zipcar brand, a car sharing network, as well as the Budget brand, a supplier of vehicle rental and other mobility solutions focused primarily on more value-conscious customers comprising Budget car rental, and Budget Truck, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 19,000 vehicles, which are rented through a network of dealer-operated and company-operated locations that serve the light commercial and consumer sectors in the continental United States.
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