Avis Budget Group, Inc. (NASDAQ:CAR) Receives $133.75 Average PT from Brokerages

Shares of Avis Budget Group, Inc. (NASDAQ:CAR) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $133.75.

A number of equities analysts have recently commented on CAR shares. The Goldman Sachs Group increased their price objective on shares of Avis Budget Group from $85.00 to $95.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. JPMorgan Chase & Co. reduced their target price on Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Finally, Northcoast Research lowered Avis Budget Group from a “buy” rating to a “neutral” rating in a report on Monday, November 18th.

Institutional Trading of Avis Budget Group

Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank lifted its holdings in shares of Avis Budget Group by 2.0% during the fourth quarter. Amalgamated Bank now owns 7,973 shares of the business services provider’s stock worth $643,000 after buying an additional 155 shares in the last quarter. GAMMA Investing LLC raised its stake in Avis Budget Group by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock worth $27,000 after purchasing an additional 183 shares in the last quarter. Yousif Capital Management LLC raised its stake in Avis Budget Group by 2.5% in the 4th quarter. Yousif Capital Management LLC now owns 7,592 shares of the business services provider’s stock worth $612,000 after purchasing an additional 187 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Avis Budget Group by 41.0% in the 4th quarter. Quadrant Capital Group LLC now owns 681 shares of the business services provider’s stock worth $55,000 after purchasing an additional 198 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in Avis Budget Group by 41.3% in the 4th quarter. Sterling Capital Management LLC now owns 736 shares of the business services provider’s stock worth $59,000 after purchasing an additional 215 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Avis Budget Group Price Performance

Avis Budget Group stock opened at $90.75 on Thursday. The firm has a 50-day moving average of $87.67 and a 200-day moving average of $88.08. Avis Budget Group has a one year low of $65.73 and a one year high of $132.25. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 8.29 and a beta of 2.26.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.50) by $0.27. Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%. As a group, sell-side analysts expect that Avis Budget Group will post 3.69 earnings per share for the current year.

About Avis Budget Group

Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.