Brokerage Firm Rating Update on Avis Budget Group (CAR)

Avis Budget Group (CAR) : The consensus on Avis Budget Group (CAR) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Avis Budget Group (CAR) : 5 investment research analysts covering Avis Budget Group (CAR) have an average price target of $36.4 for the near short term. The highest target price given by the Brokerage Firm to the stock is $46 and the lowest target is $20 for the short term. Analysts expect the variance to be within $10.6 of the average price.


For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie initiates coverage on Avis Budget Group (NASDAQ:CAR). In the latest research report, Macquarie announces the target price to $44 per share. According to the latest information available, the shares are now rated Outperform by the analysts at the agency. The rating by the firm was issued on August 25, 2016.

Avis Budget Group (NASDAQ:CAR): The stock opened at $36.01 and touched an intraday high of $38 on Wednesday. During the day, the stock corrected to an intraday low of $36.01, however, the bulls stepped in and pushed the price higher to close in the green at $38 with a gain of 5.67% for the day. The total traded volume for the day was 1,517,570. The stock had closed at $35.96 in the previous trading session.

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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