A statement released earlier today by Barclays Capital about Avis Budget Group (NASDAQ:CAR) bumps the target price to $55.00
- Updated: September 27, 2016
Boasting a price of $36.58, Avis Budget Group (NASDAQ:CAR) traded -6.05% lower on the day. With the last stock price close up 16.51% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Avis Budget Group has recorded a 50-day average of $36.77 and a two hundred day average of $31.39. Volume of trade was up over the average, with 4,781,128 shares of CAR changing hands over the typical 2,298,700
Barclays Capital bumped up the target of Avis Budget Group (NASDAQ:CAR) to $55.00 stating a potential upside of 0.50%.
On 8/26/2016, Macquarie Research released a statement for Avis Budget Group (NASDAQ:CAR) bumped up the target price from $0.00 to $44.00 that suggested an upside of 0.23%.
With a total market value of $0, Avis Budget Group has price-earnings ratio of 22.10 with a one year low of $21.73 and a one year high of $53.04 .
A total of 10 equity analysts have released a ratings update on CAR. Two equity analysts rating the company a strong buy, four equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $36.10.
Brief Synopsis About Avis Budget Group (NASDAQ:CAR)
Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis is a rental car supplier and Budget is a rental vehicle supplier. It also owns Payless, which a car rental brand, and Apex, which is a car rental brand in New Zealand and Australia. It operates in two segments: Americas and International. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its car sharing business in certain of these markets. The International segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in Europe, the Middle East, Africa, Asia, South America, Central America, the Caribbean, Australia and New Zealand, and operates its car sharing business in certain of these markets.
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