Avis Budget Group (CAR) Receives Price Target

Avis Budget Group (CAR) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $46 and the lowest price target forecast is $20. The average forecast of all the analysts is $36.4 and the expected standard deviation is $10.6.

Avis Budget Group (CAR) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.


Also, Macquarie initiates coverage on Avis Budget Group (NASDAQ:CAR).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Macquarie announces the price target of $44 per share. The rating by the firm was issued on August 25, 2016.

Avis Budget Group (NASDAQ:CAR): The stock opened at $36.18 on Thursday but the bulls could not build on the opening and the stock topped out at $37.07 for the day. The stock traded down to $35.65 during the day, due to lack of any buying support eventually closed down at $36.07 with a loss of -0.17% for the day. The stock had closed at $36.13 on the previous day. The total traded volume was 1,228,435 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.