Avis Budget Group, Inc. (NASDAQ:CAR) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Avis Budget Group, Inc. (NASDAQ:CAR - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $133.75.

Several research firms have recently issued reports on CAR. StockNews.com raised Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Northcoast Research lowered Avis Budget Group from a "buy" rating to a "neutral" rating in a research report on Monday, November 18th. JPMorgan Chase & Co. lowered their price target 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 reduced their price objective on Avis Budget Group from $145.00 to $143.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group lifted their price objective on Avis Budget Group from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Avis Budget Group

A number of large investors have recently made changes to their positions in the company. Inspire Investing LLC lifted its position in shares of Avis Budget Group by 39.9% during the 3rd quarter. Inspire Investing LLC now owns 4,683 shares of the business services provider's stock valued at $410,000 after buying an additional 1,335 shares in the last quarter. nVerses Capital LLC lifted its position in shares of Avis Budget Group by 2,800.0% during the 3rd quarter. nVerses Capital LLC now owns 2,900 shares of the business services provider's stock valued at $254,000 after buying an additional 2,800 shares in the last quarter. Carolina Wealth Advisors LLC lifted its position in shares of Avis Budget Group by 184.5% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 1,118 shares of the business services provider's stock valued at $98,000 after buying an additional 725 shares in the last quarter. Dupree Financial Group LLC purchased a new position in shares of Avis Budget Group during the 3rd quarter valued at about $2,611,000. Finally, Lecap Asset Management Ltd. lifted its position in shares of Avis Budget Group by 40.8% during the 3rd quarter. Lecap Asset Management Ltd. now owns 18,862 shares of the business services provider's stock valued at $1,652,000 after buying an additional 5,466 shares in the last quarter. 96.35% of the stock is currently owned by institutional investors.

Avis Budget Group Trading Up 4.1 %

Avis Budget Group stock traded up $3.56 on Thursday, hitting $90.75. 1,079,026 shares of the stock traded hands, compared to its average volume of 487,983. The firm has a market cap of $3.19 billion, a P/E ratio of 8.29 and a beta of 2.26. The business's fifty day simple moving average is $87.67 and its 200 day simple moving average is $88.08. Avis Budget Group has a 1 year low of $65.73 and a 1 year high of $132.25.

Avis Budget Group (NASDAQ:CAR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.50) by $0.27. Avis Budget Group had a negative return on equity of 101.41% and a net margin of 3.34%. As a group, analysts predict that Avis Budget Group will post 3.69 earnings per share for the current year.

About Avis Budget Group

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.