Avis Budget Group, Inc. (NASDAQ:CAR) has been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $35.83.

Several research firms have recently weighed in on CAR. Morgan Stanley raised their target price on Avis Budget Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Friday. Credit Suisse Group restated a “hold” rating on shares of Avis Budget Group in a research report on Thursday. Goldman Sachs Group, Inc. (The) restated a “hold” rating and issued a $37.00 target price on shares of Avis Budget Group in a research report on Thursday, September 7th. BidaskClub upgraded Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, ValuEngine downgraded Avis Budget Group from a “buy” rating to a “hold” rating in a research report on Monday, August 7th.

In other Avis Budget Group news, Director John D. Jr. Hardy sold 908 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $32.78, for a total transaction of $29,764.24. Following the completion of the sale, the director now owns 908 shares of the company’s stock, valued at $29,764.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Ronald L. Nelson sold 150,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $37.30, for a total value of $5,595,000.00. Following the sale, the insider now directly owns 510,714 shares of the company’s stock, valued at approximately $19,049,632.20. The disclosure for this sale can be found here. In the last quarter, insiders have sold 185,708 shares of company stock worth $6,878,212. 2.80% of the stock is currently owned by company insiders.

A number of hedge funds have recently bought and sold shares of CAR. Janney Montgomery Scott LLC increased its stake in Avis Budget Group by 24.9% during the first quarter. Janney Montgomery Scott LLC now owns 11,866 shares of the business services provider’s stock worth $351,000 after acquiring an additional 2,366 shares during the last quarter. Russell Investments Group Ltd. increased its stake in Avis Budget Group by 435.5% during the first quarter. Russell Investments Group Ltd. now owns 72,420 shares of the business services provider’s stock worth $2,142,000 after acquiring an additional 58,896 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in Avis Budget Group by 1.2% during the first quarter. Oregon Public Employees Retirement Fund now owns 33,000 shares of the business services provider’s stock worth $976,000 after acquiring an additional 400 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Avis Budget Group by 1.5% during the first quarter. Great West Life Assurance Co. Can now owns 71,918 shares of the business services provider’s stock worth $2,127,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI acquired a new stake in Avis Budget Group during the first quarter worth $301,000.

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Shares of Avis Budget Group (NASDAQ:CAR) opened at 35.13 on Friday. Avis Budget Group has a 1-year low of $20.71 and a 1-year high of $41.53. The company has a market cap of $2.90 billion, a P/E ratio of 41.38 and a beta of 2.44. The firm has a 50-day moving average price of $33.96 and a 200-day moving average price of $29.45.

Avis Budget Group (NASDAQ:CAR) last released its earnings results on Monday, August 7th. The business services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.32). The firm had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. On average, equities analysts expect that Avis Budget Group will post $2.54 EPS for the current year.

About Avis Budget Group

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 and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.

Analyst Recommendations for Avis Budget Group (NASDAQ:CAR)

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