Avis Budget Group (CAR) : Analyst Rating Update

Avis Budget Group (CAR) : Zacks Investment Research ranks Avis Budget Group (CAR) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.14, which indicates as a Buy.

Avis Budget Group (CAR) : The consensus price target for Avis Budget Group (CAR) is $32 for the short term with a standard deviation of $8.74. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $44, however, the pessimist price target for the company is $20.

Avis Budget Group (NASDAQ:CAR): The stock opened at $30.89 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.89 for the day. The stock traded down to $29.72 during the day, due to lack of any buying support eventually closed down at $30.51 with a loss of -2.34% for the day. The stock had closed at $31.24 on the previous day. The total traded volume was 3,277,243 shares.

Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of Avis Budget Group (NASDAQ:CAR). JP Morgan has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $24 per share from a prior target of $26. The rating by the firm was issued on May 5, 2016. The company shares have dropped -26.01% from its 1 Year high price. On Nov 2, 2015, the shares registered one year high at $53.04 and the one year low was seen on Feb 25, 2016. The 50-Day Moving Average price is $30.76 and the 200 Day Moving Average price is recorded at $28.06.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless, a car rental brand and Apex, which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America, International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada, as well as ancillary products and services. International segment provides and licenses the Companys brands to third parties for vehicle rentals and ancillary products in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.