1 week Ago By ABMN Staff
Avis Budget Group, Inc. ( NASDAQ:CAR – Get Free Report )’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $93.
73 and traded as low as $78.91. Avis Budget Group shares last traded at $81.
76, with a volume of 603,705 shares trading hands. Analysts Set New Price Targets Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co.
decreased their price target on shares of Avis Budget Group from $175.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, November 4th.
Northcoast Research downgraded Avis Budget Group from a “buy” rating to a “neutral” rating in a research report on Monday, November 18th. StockNews.com raised Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Monday, November 4th.
Barclays began coverage on Avis Budget Group in a report on Thursday, September 19th. They issued an “equal weight” rating and a $105.00 price objective for the company.
Finally, The Goldman Sachs Group upped their price objective 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.
Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $133.
75. Get Our Latest Analysis on Avis Budget Group Avis Budget Group Stock Performance Avis Budget Group ( NASDAQ:CAR – Get Free Report ) last released its quarterly earnings data on Thursday, October 31st. The business services provider reported $6.
65 EPS for the quarter, missing analysts’ consensus estimates of $8.55 by ($1.90).
The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.53 billion.
Avis Budget Group had a net margin of 3.34% and a negative return on equity of 101.41%.
Avis Budget Group’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $16.
78 earnings per share. Sell-side analysts predict that Avis Budget Group, Inc. will post 3.
59 EPS for the current fiscal year. Hedge Funds Weigh In On Avis Budget Group Several hedge funds and other institutional investors have recently added to or reduced their stakes in CAR. 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 worth $27,000 after buying an additional 183 shares in the last quarter. B.
Riley Wealth Advisors Inc. bought a new stake in shares of Avis Budget Group during the 3rd quarter worth $263,000. M&T Bank Corp purchased a new position in Avis Budget Group in the third quarter worth $333,000.
Barclays PLC increased its stake in Avis Budget Group by 30.5% in the third quarter. Barclays PLC now owns 200,576 shares of the business services provider’s stock valued at $17,571,000 after acquiring an additional 46,922 shares during the last quarter.
Finally, XTX Topco Ltd bought a new position in Avis Budget Group in the third quarter valued at $685,000. 96.35% of the stock is currently owned by hedge funds and other institutional investors.
Avis Budget Group Company Profile ( 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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