Avis Budget Group (NASDAQ:CAR) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.14 by 7 Brokerage Firm. 4 Wall Street Firms have rated the stock as a strong buys. 2 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. JP Morgan maintains their rating on the shares of Avis Budget Group (NASDAQ:CAR). The current rating of the shares is Neutral. Equity Analysts at the Firm lowers the price target to $24 per share from $26 per share. The rating by the firm was issued on May 5, 2016.
Avis Budget Group (NASDAQ:CAR): 7 Analyst have given the stock of Avis Budget Group (NASDAQ:CAR) a near short term price target of $32. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $8.74. The higher price target estimate is at $44 while the lower price estimates are fixed at $20.
Avis Budget Group (NASDAQ:CAR) rose 0.9% or 0.3 points on Tuesday and made its way into the gainers of the day. After trading began at $33.01 the stock was seen hitting $33.81 as a peak level and $32.47 as the lowest level. The stock ended up at $33.5. The daily volume was measured at 1,427,893 shares. The 52-week high of the share price is $53.04 and the 52-week low is $21.7299. The company has a market cap of $3,169 million.
Shares of Avis Budget Group, Inc. rose by 6.76% in the last five trading days and 22.53% for the last 4 weeks. Avis Budget Group, Inc. is up 15.48% in the last 3-month period. Year-to-Date the stock performance stands at -7.69%.
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.