Brokerages Set Avis Budget Group, Inc. (NASDAQ:CAR) Target Price at $133.75

Shares of Avis Budget Group, Inc. (NASDAQ:CAR) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $133.75.

CAR has been the topic of several research analyst reports. Northcoast Research cut shares of Avis Budget Group from a “buy” rating to a “neutral” rating in a research note on Monday, November 18th. The Goldman Sachs Group increased their price target on shares of Avis Budget Group from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Avis Budget Group from $145.00 to $143.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Finally, StockNews.com raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a report on Monday, November 4th.

Avis Budget Group Stock Down 0.4 %

NASDAQ:CAR opened at $90.92 on Friday. Avis Budget Group has a 12-month low of $65.73 and a 12-month high of $176.79. The firm has a market capitalization of $3.19 billion, a PE ratio of 8.30 and a beta of 2.25. The firm has a 50-day moving average price of $92.54 and a 200 day moving average price of $89.81.

Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Thursday, October 31st. The business services provider reported $6.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $8.55 by ($1.90). Avis Budget Group had a negative return on equity of 101.41% and a net margin of 3.34%. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.53 billion. During the same period last year, the company earned $16.78 EPS. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, research analysts expect that Avis Budget Group will post 3.68 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in Avis Budget Group by 118.8% in the 4th quarter. GAMMA Investing LLC now owns 337 shares of the business services provider’s stock valued at $27,000 after buying an additional 183 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in Avis Budget Group by 198.3% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 361 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 240 shares during the last quarter. Algert Global LLC lifted its stake in Avis Budget Group by 2.5% in the 2nd quarter. Algert Global LLC now owns 10,165 shares of the business services provider’s stock valued at $1,062,000 after purchasing an additional 245 shares during the last quarter. Inspire Investing LLC lifted its stake in Avis Budget Group by 6.4% in the 4th quarter. Inspire Investing LLC now owns 4,984 shares of the business services provider’s stock valued at $402,000 after purchasing an additional 301 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of Avis Budget Group by 293.3% during the third quarter. Nisa Investment Advisors LLC now owns 409 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 305 shares during the last quarter. 96.35% of the stock is currently owned by institutional investors and hedge funds.

Avis Budget Group Company Profile

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.