Avis Budget Group (CAR) : Zacks Investment Research ranks Avis Budget Group (CAR) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 2.33, which indicates as a Buy.
Avis Budget Group (CAR) : Currently there are 7 street experts covering Avis Budget Group (CAR) stock. The most bullish and bearish price target for the stock is $45 and $20 respectively for the short term. The average price target of all the analysts comes to $32.86. The estimated standard deviation from the target is $8.59.
For the current week, the company shares have a recommendation consensus of Buy. Avis Budget Group (NASDAQ:CAR): The stock opened at $38.00 on Thursday but the bulls could not build on the opening and the stock topped out at $38.45 for the day. The stock traded down to $36.95 during the day, due to lack of any buying support eventually closed down at $36.98 with a loss of -2.20% for the day. The stock had closed at $37.81 on the previous day. The total traded volume was 2,099,866 shares.
In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (President, International) of Avis Budget Group, Inc., Servodidio Mark J had purchased shares worth of $49,894 in a transaction dated on May 17, 2016. A total of 1,900 shares were purchased at a price of $26.26 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
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.