Avis Budget Group PT Raised to $55.00 at MKM Partners (CAR)
Equities researchers at MKM Partners boosted their price objective on shares of Avis Budget Group (NYSE:CAR) from $39.00 to $55.00 in a research report issued on Thursday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. MKM Partners’ price target would indicate a potential upside of 31.86% from the stock’s previous close.
Avis Budget Group (NYSE:CAR) last released its earnings data on Wednesday, October 30th. The company reported $1.48 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.51 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the company posted $1.46 earnings per share. Avis Budget Group’s revenue was up 10.4% compared to the same quarter last year.
CAR has been the subject of a number of other recent research reports. Analysts at Deutsche Bank initiated coverage on shares of Avis Budget Group in a research note to investors on Wednesday, December 11th. They set a “hold” rating and a $42.00 price target on the stock. Separately, analysts at Zacks upgraded shares of Avis Budget Group from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, November 15th. They now have a $36.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Avis Budget Group from $29.00 to $32.00 in a research note to investors on Tuesday, October 22nd. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $36.50.
Avis Budget Group, Inc (NYSE:CAR) operates two brands in the global vehicle rental industry through Avis and Budget.
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