Credit Suisse Maintains Avis Budget Group to Outperform with Price Target $34.00

Brokerage firm Credit Suisse Maintains its rating on Avis Budget Group(NASDAQ:CAR). In a research note issued to the investors, the brokerage major Lowers the price-target to $34.00 per share. The shares have been rated Outperform. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Avis Budget Group, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Buy’ by the firm. On Feb 25, 2016, Barclays said it Maintains its rating on Avis Budget Group. In the research note, the firm Lowers the price-target to $35.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Feb 25, 2016, Credit Suisse said it Maintains its rating on Avis Budget Group. In the research note, the firm Lowers the price-target to $44.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 25, 2016, Deutsche Bank said it Maintains its rating on Avis Budget Group. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 22, 2016, Deutsche Bank said it Maintains its rating on Avis Budget Group. In the research note, the firm Lowers the price-target to $55.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 22, 2016, Barclays said it Maintains its rating on Avis Budget Group. In the research note, the firm Lowers the price-target to $48.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Avis Budget Group (CAR) shares turned negative on Fridays trading session with the shares closing down -0.43 points or -1.84% at a volume of 21,44,386. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $23.53. The peak price level was also seen at $23.53 while the days lowest was $22.82. Finally the shares closed at $22.93. The 52-week high of the shares is $57.426 while the 52-week low is $21.7299. According to the latest information available, the market cap of the company is $2,225 M.

Avis Budget Group(CAR) last announced its earnings results on Feb 23, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $1.90B. Analysts had an estimated revenue of $1.93B. Earnings per share were $0.18. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Mar 1, 2016, W Alun Cathcart (director) purchased 20,000 shares at $25.06 per share price.Also, On Feb 26, 2016, Eduardo G Mestre (director) purchased 20,000 shares at $23.77 per share price.On Dec 14, 2015, Ronald L Nelson (Chairman and CEO) sold 40,000 shares at $34.79 per share price, according to the Form-4 filing with the securities and exchange commission.

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 is a rental car supplier and Budget is a rental vehicle supplier. The Company also own Payless a car rental brand and Apex which is a car rental brand in New Zealand and Australia. The Company operates in three segments: North America International and Truck Rental. North America segment provides car rentals in the United States and vehicle rentals in Canada as well as ancillary products and services. International segment provides and licenses the Company’s brands to third parties for vehicle rentals and ancillary products in Europe the Middle East Africa Asia South America Central America the Caribbean Australia and New Zealand. Truck Rental segment provides truck rentals and ancillary products and services to consumers and commercial users in the United States.

Leave a Reply

Avis Budget Group - Is it time to Sell?

Top Brokerage Firms are advising their investors on Avis Budget Group. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.