Avis Budget Group (NASDAQ: CAR) has recently received a number of price target changes and ratings updates:

  • 10/5/2017 – Avis Budget Group was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 9/22/2017 – Avis Budget Group is now covered by analysts at B. Riley. They set a “buy” rating and a $36.00 price target on the stock.
  • 9/15/2017 – Avis Budget Group had its price target raised by analysts at Morgan Stanley from $18.00 to $21.00. They now have an “underweight” rating on the stock.
  • 9/14/2017 – Avis Budget Group had its “hold” rating reaffirmed by analysts at Credit Suisse Group.
  • 9/7/2017 – Avis Budget Group had its “hold” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $37.00 price target on the stock.
  • 9/1/2017 – Avis Budget Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/25/2017 – Avis Budget Group had its price target lowered by analysts at Morgan Stanley from $19.00 to $18.00. They now have an “underweight” rating on the stock.
  • 8/23/2017 – Avis Budget Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/14/2017 – Avis Budget Group was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/7/2017 – Avis Budget Group was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.

Avis Budget Group, Inc. (NASDAQ:CAR) traded down 1.28% during midday trading on Thursday, reaching $38.69. 1,148,984 shares of the company traded hands. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 45.57 and a beta of 2.48. The firm has a 50-day moving average price of $36.03 and a 200-day moving average price of $29.87. Avis Budget Group, Inc. has a one year low of $20.71 and a one year high of $41.53.

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 Zacks’ consensus estimate of $0.62 by ($0.32). The firm had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.27 billion. Avis Budget Group had a return on equity of 74.80% and a net margin of 0.86%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Equities analysts predict that Avis Budget Group, Inc. will post $2.59 EPS for the current fiscal year.

In other news, Director John D. Jr. Hardy sold 908 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 908 shares of the company’s stock, valued at $29,764.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Ronald L. Nelson sold 150,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $37.30, for a total value of $5,595,000.00. Following the transaction, the insider now directly owns 510,714 shares in the company, valued at $19,049,632.20. The disclosure for this sale can be found here. Insiders sold a total of 185,708 shares of company stock worth $6,878,212 over the last ninety days. Insiders own 2.80% of the company’s stock.

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.

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