Analyst Rating Update on Avis Budget Group (CAR)

Avis Budget Group (CAR) : 6 analysts are covering Avis Budget Group (CAR) and their average rating on the stock is 2.33, which is read as a Buy. 3 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Avis Budget Group (CAR) : Average target price received by Avis Budget Group (CAR) is $32.71 with an expected standard deviation of $8.36. The most aggressive target on the stock is $44, whereas the most downbeat target is $20. 7 financial analysts are currently covering the stock.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm JP Morgan maintains its rating on Avis Budget Group (NASDAQ:CAR). As per the latest information, the brokerage house lowers the price target to $24 per share from a prior target of $26. The shares have been rated Neutral. The rating by the firm was issued on May 5, 2016.


Avis Budget Group (NASDAQ:CAR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.92 and $35.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.49. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.89, notching a gain of 6.13% for the day. The total traded volume was 4,339,468 . The stock had closed at $34.76 on the previous day.

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 Companys 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.

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