Avis Budget Group, Inc. (NASDAQ:CAR)‘s stock had its “buy” rating reaffirmed by Deutsche Bank AG in a research note issued to investors on Friday. They presently have a $49.00 price target on the business services provider’s stock, up from their previous price target of $44.00. Deutsche Bank AG’s price target points to a potential upside of 26.61% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. ValuEngine raised shares of Avis Budget Group from a “hold” rating to a “buy” rating in a report on Thursday. B. Riley began coverage on shares of Avis Budget Group in a report on Friday, September 22nd. They set a “buy” rating and a $36.00 price objective for the company. Morgan Stanley boosted their price objective on shares of Avis Budget Group from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, September 15th. Credit Suisse Group AG reissued a “hold” rating on shares of Avis Budget Group in a report on Thursday, September 14th. Finally, Goldman Sachs Group, Inc. (The) reissued a “hold” rating and set a $37.00 price objective on shares of Avis Budget Group in a report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Avis Budget Group currently has an average rating of “Buy” and a consensus target price of $36.33.

Avis Budget Group (NASDAQ:CAR) traded up 0.452% on Friday, hitting $38.865. 1,862,858 shares of the stock were exchanged. Avis Budget Group has a 12 month low of $20.71 and a 12 month high of $41.53. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 45.777 and a beta of 2.48. The company has a 50-day moving average of $36.16 and a 200-day moving average of $29.93.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings data 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). Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that Avis Budget Group will post $2.59 EPS for the current year.

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In related news, EVP Edward P. Linnen sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $36.09, for a total transaction of $108,270.00. Following the completion of the sale, the executive vice president now directly owns 17,919 shares in the company, valued at $646,696.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John D. Jr. Hardy sold 908 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.78, for a total transaction of $29,764.24. Following the sale, the director now owns 908 shares of the company’s stock, valued at $29,764.24. The disclosure for this sale can be found here. Insiders have sold 185,708 shares of company stock valued at $6,878,212 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Utah Retirement Systems boosted its position in shares of Avis Budget Group by 0.7% in the first quarter. Utah Retirement Systems now owns 14,200 shares of the business services provider’s stock worth $420,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Avis Budget Group by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 22,000 shares of the business services provider’s stock worth $600,000 after purchasing an additional 300 shares during the period. Pacer Advisors Inc. boosted its position in shares of Avis Budget Group by 4.0% in the second quarter. Pacer Advisors Inc. now owns 9,261 shares of the business services provider’s stock worth $253,000 after purchasing an additional 356 shares during the period. Wittenberg Investment Management Inc. boosted its position in shares of Avis Budget Group by 0.7% in the second quarter. Wittenberg Investment Management Inc. now owns 69,309 shares of the business services provider’s stock worth $1,890,000 after purchasing an additional 500 shares during the period. Finally, Thrivent Financial For Lutherans boosted its position in shares of Avis Budget Group by 3.6% in the second quarter. Thrivent Financial For Lutherans now owns 16,820 shares of the business services provider’s stock worth $459,000 after purchasing an additional 580 shares during the period.

Avis Budget Group Company Profile

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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