Shares of Avis Budget Group, Inc. (NASDAQ:CAR – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $163.14.
A number of brokerages recently issued reports on CAR. Morgan Stanley dropped their target price on shares of Avis Budget Group from $190.00 to $187.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Deutsche Bank Aktiengesellschaft cut their target price on Avis Budget Group from $202.00 to $183.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. The Goldman Sachs Group decreased their price target on shares of Avis Budget Group from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. StockNews.com cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 6th. Finally, Susquehanna cut their price objective on Avis Budget Group from $145.00 to $117.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th.
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Avis Budget Group Stock Performance
Avis Budget Group stock opened at $84.44 on Friday. Avis Budget Group has a 52 week low of $84.36 and a 52 week high of $235.64. The firm has a market capitalization of $3.01 billion, a PE ratio of 2.67 and a beta of 2.21. The business’s 50-day simple moving average is $105.98 and its 200-day simple moving average is $117.74.
Avis Budget Group (NASDAQ:CAR – Get Free Report) last released its earnings results on Wednesday, May 1st. The business services provider reported ($3.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.65) by ($0.56). Avis Budget Group had a net margin of 10.05% and a negative return on equity of 480.48%. The business had revenue of $2.55 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business earned $7.72 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Research analysts forecast that Avis Budget Group will post 12.28 earnings per share for the current 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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