Avis Budget Group, Inc. (NASDAQ:CAR – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $172.86.
Several equities analysts have recently issued reports on the company. Northcoast Research raised Avis Budget Group from a “neutral” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Monday, March 25th. StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Avis Budget Group from $202.00 to $183.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Bank of America assumed coverage on shares of Avis Budget Group in a research note on Tuesday, March 19th. They set a “buy” rating and a $170.00 target price for the company. Finally, JPMorgan Chase & Co. cut their price target on Avis Budget Group from $280.00 to $240.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 14th.
View Our Latest Report on Avis Budget Group
Institutional Investors Weigh In On Avis Budget Group
Avis Budget Group Price Performance
NASDAQ CAR opened at $102.62 on Friday. The stock’s 50 day simple moving average is $112.66 and its 200-day simple moving average is $154.39. The company has a market cap of $3.66 billion, a PE ratio of 2.41 and a beta of 2.22. Avis Budget Group has a 1-year low of $98.84 and a 1-year high of $244.95.
Avis Budget Group (NASDAQ:CAR – Get Free Report) last released its quarterly earnings data on Tuesday, February 13th. The business services provider reported $7.10 EPS for the quarter, beating analysts’ consensus estimates of $4.15 by $2.95. The company had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.81 billion. Avis Budget Group had a net margin of 13.59% and a negative return on equity of 696.69%. Avis Budget Group’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.46 EPS. On average, equities research analysts anticipate that Avis Budget Group will post 15.35 EPS for the current fiscal year.
About Avis Budget Group
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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