Avis Budget Group (NASDAQ:CAR - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Monday, February 10th. Analysts expect Avis Budget Group to post earnings of ($0.50) per share and revenue of $2.72 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Avis Budget Group Stock Up 3.2 %
Shares of CAR traded up $2.82 during midday trading on Thursday, hitting $90.82. The company had a trading volume of 328,370 shares, compared to its average volume of 523,828. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 8.29 and a beta of 2.26. The company's 50 day moving average price is $89.87 and its 200 day moving average price is $88.74. Avis Budget Group has a 52 week low of $65.73 and a 52 week high of $171.43.
Analysts Set New Price Targets
Several research analysts have recently commented on CAR shares. JPMorgan Chase & Co. decreased their target price on Avis Budget Group from $175.00 to $150.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Avis Budget Group from $145.00 to $143.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Finally, Northcoast Research downgraded Avis Budget Group from a "buy" rating to a "neutral" rating in a research note on Monday, November 18th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $133.75.
View Our Latest Analysis on CAR
About Avis Budget Group
(
Get Free Report)
Avis Budget Group, Inc engages in the provision of vehicle sharing and rental services. It operates through the following segments: Americas, International, and Corporate and Other. The Americas segment includes the vehicle rental and car sharing operations in North America, South America, Central America, and the Caribbean.
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