Breaking Finance News

Avis Budget Group Inc. (NASDAQ:CAR) has been upgraded to Buy in a statement by ValuEngine earlier today.

Only yesterday Avis Budget Group Inc. (NASDAQ:CAR) traded 7.74% higher at $27.38. Avis Budget Group Inc.’s 50-day moving average is $30.34 and its 200-day moving average is $29.78. The last closing price is down 16.82% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has increased 0.05% over the same time. 4,427,178 shares of CAR traded hands, up from an average trading volume of 3,964,520

ValuEngine has upgraded Avis Budget Group Inc. (NASDAQ:CAR) to Buy in a statement released on Thursday July 06, 2017.

See Chart Below

Avis Budget Group Inc. (NASDAQ:CAR)

Avis Budget Group Inc. has a 52 week low of $20.71 and a 52 week high of $41.53 with a P/E ratio of 40.98 The company’s market cap is currently $0.

Also covering Avis Budget Group Inc.'s price target, a total of 10 equity analysts have released a research note on CAR. The one year target is $36.10 with 2 brokerages rating the stock a strong buy, 4 brokerages rating the stock a buy, 3 firms rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About Avis Budget Group Inc. (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 and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France. The Company 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, Australia and New Zealand.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.