Other equities research analysts also recently issued research reports about the company. TheStreet raised Avis Budget Group from a c rating to a b- rating in a report on Monday, August 5th. Zacks Investment Research downgraded Avis Budget Group from a strong-buy rating to a hold rating in a report on Tuesday, April 30th. Morgan Stanley set a $32.00 target price on Avis Budget Group and gave the company a sell rating in a report on Friday, August 9th. ValuEngine downgraded Avis Budget Group from a sell rating to a strong sell rating in a research note on Thursday, August 1st. Finally, Northcoast Research reaffirmed a buy rating on shares of Avis Budget Group in a research note on Tuesday, August 6th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $39.00.
NASDAQ:CAR opened at $24.69 on Thursday. Avis Budget Group has a 1-year low of $21.63 and a 1-year high of $37.27. The company has a debt-to-equity ratio of 46.72, a current ratio of 0.86 and a quick ratio of 0.86. The firm’s fifty day moving average price is $32.97 and its 200 day moving average price is $33.15. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 6.76 and a beta of 2.08.
Several large investors have recently added to or reduced their stakes in CAR. Advisors Preferred LLC acquired a new position in Avis Budget Group in the 2nd quarter valued at about $30,000. Pearl River Capital LLC raised its stake in Avis Budget Group by 51.6% in the 2nd quarter. Pearl River Capital LLC now owns 1,483 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 505 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in Avis Budget Group in the 1st quarter valued at about $83,000. Oppenheimer Asset Management Inc. raised its stake in Avis Budget Group by 13.9% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 3,294 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 403 shares during the last quarter. Finally, Exane Derivatives acquired a new position in Avis Budget Group in the 2nd quarter valued at about $132,000.
Avis Budget Group Company Profile
Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. It operates the Avis brand, a vehicle rental system with approximately 5,500 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget brand, a vehicle rental and other mobility solutions primarily focuses on the value-conscious segments of the industry; the Zipcar brand, a membership-based car sharing network; and the Budget Truck brand, a local and one-way truck rental businesses with a fleet of approximately 18,000 vehicles, which are rented through a network of approximately 640 dealer-operated and 430 company-operated locations that serve the consumer and light commercial sectors in the continental United States.
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