Avis Budget Group PT Raised to $53.00 at Deutsche Bank (CAR)
Equities researchers at Deutsche Bank lifted their price target on shares of Avis Budget Group (NYSE:CAR) from $42.00 to $53.00 in a research report issued on Friday, American Banking News reports. Deutsche Bank’s price objective suggests a potential upside of 2.18% from the company’s current price.
A number of other analysts have also recently weighed in on CAR. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Avis Budget Group in a research note on Thursday. They now have a $28.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Avis Budget Group in a research note on Wednesday, March 19th. They now have a $51.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Avis Budget Group presently has a consensus rating of “Hold” and an average target price of $45.14.
Shares of Avis Budget Group (NYSE:CAR) opened at 51.87 on Friday. Avis Budget Group has a 52 week low of $26.57 and a 52 week high of $56.25. The stock has a 50-day moving average of $50.91 and a 200-day moving average of $41.84. The company has a market cap of $5.547 billion and a P/E ratio of 347.58.
Avis Budget Group (NYSE:CAR) last released its earnings data on Wednesday, May 7th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.08. The company had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Avis Budget Group will post $2.77 earnings per share for the current fiscal year.
Avis Budget Group, Inc (NYSE:CAR) operates two brands in the global vehicle rental industry through Avis and Budget.
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