Analysts See $0.19 EPS for Avis Budget Group, Inc. (CAR)

Lloyd Doyle
January 21, 2018

It has a 23.2 P/E ratio. The firm also offers development boards; development kits, including hardware, design tools, IP, and reference creates that are designed to streamline and accelerate the development of domain-specific and market-specific applications; and configuration products, such as one-time programmable and in-system programmable storage devices to configure field programmable gate arrays.

At the moment, the 50-day moving average of Avis Budget Group, Inc. The business's revenue was down 2.2% compared to the same quarter past year. PHM's profit will be $246.93M for 10.16 P/E if the $0.84 EPS becomes a reality.

The market experts are predicting a 38.41% rally, based on the high target price ($60) for Avis Budget Group, Inc. shares that is likely to be hit in the 52 weeks. Insiders have sold a total of 489,581 shares of company stock worth $19,782,022 in the last 90 days. About 833,843 shares traded or 158.50% up from the average.

Investors also need to beware of the Avis Budget Group, Inc.

Avis Budget Group (NASDAQ CAR) opened at $45.78 on Friday. It has underperformed by 11.20% the S&P500.

Investors sentiment decreased to 1.54 in Q3 2017. Its down 0.46, from 1.04 in 2017Q2.

Avis Budget Group, Inc. insiders have sold a net of -496,936 shares during the past three months, which implies that the company's top executives have been feeling bearish about the stock's outlook. 165 funds opened positions while 367 raised stakes.


Several equities research analysts have recently issued reports on vehicle shares. Bbt Mngmt has 407,449 shares. $141.96M worth of Avis Budget Group, Inc.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Wednesday, May 3rd. (NASDAQ:CAR). Gateway Advisers Ltd Liability Corporation invested 0.05% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Carroll Fincl Associates holds 70 shares or 0% of its portfolio. Ubs Oconnor Limited Com holds 69,921 shares. Finally, Northcoast Research reaffirmed a buy rating on shares of Avis Budget Group in a research note on Tuesday, November 7th. (NASDAQ:CAR) on Thursday, August 31. Panagora Asset holds 0.02% or 125,640 shares in its portfolio. Morgan Stanley reported 4.88M shares or 0.06% of all its holdings. Liberty Mutual Asset Management Inc holds 0.05% in Avis Budget Group, Inc. (NYSE:PHM). Dumont Blake Advsr Limited Liability Company holds 39,600 shares or 0.46% of its portfolio. Credit Agricole S A reported 2,106 shares.

Analysts await Genuine Parts Company (NYSE:GPC) to report earnings on February, 20. About 3.07 million shares traded. Therefore 32% are positive. Baupost Grp Inc Ltd Ma holds 0.49% in Avis Budget Group, Inc. The stock boasts a consensus analyst "Buy" rating with the consensus recommendation standing at 2.00. (NYSE:TV) earned "Equal-Weight" rating by Morgan Stanley on Thursday, August 10. Goldman Sachs initiated it with "Neutral" rating and $30 target in Monday, October 24 report. The original version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/20/avis-budget-group-car-downgraded-by-zacks-investment-research.html. We have $48.46 PT which if reached, will make NASDAQ:CAR worth $258.16 million more. The stock of Avis Budget Group, Inc. Morgan Stanley maintained the shares of auto in report on Friday, August 25 with "Underweight" rating. The rating was maintained by Deutsche Bank with "Buy" on Wednesday, November 8. FBR Capital maintained James River Group Holdings, Ltd. (NASDAQ:JRVR) rating on Tuesday, October 4. This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. Royal National Bank & Trust Of Canada has 1.68 million shares for 0.21% of their portfolio. Sweeney Stender E had sold 1,500 shares worth $52,530. Black Creek Investment Management Inc sold 1.20M shares as Grupo Televisa Sa (TV)'s stock rose 4.76%. $108,270 worth of stock was sold by Linnen Edward P on Thursday, August 31.

Avis Budget Group, Inc., together with its subsidiaries, provides auto and truck rentals, vehicle sharing, and ancillary services to businesses and clients worldwide. The rating was maintained by KeyBanc Capital Markets with "Hold" on Tuesday, August 22. The firm operates through two divisions, Americas and worldwide. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.28 and a quick ratio of 1.28.

In other news, SVP David T. Calabria sold 1,250 shares of the company's stock in a transaction on Friday, December 8th. Volume in the last session has increased compared with CAR's average trading volume. About 692,328 shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 20, 2017 and is uptrending. It has outperformed by 16.95% the S&P500. Avis Budget Group's revenue for the quarter was up 3.6% compared to the same quarter last year. analysts forecast that Avis Budget Group will post 2.65 earnings per share for the current year. The business services provider reported ($0.94) EPS for the quarter, missing the Zacks' consensus estimate of ($0.51) by $0.43.

Ratings analysis reveals 0 of Genuine Parts's analysts are positive. Out of 3 Wall Street analysts rating Xilinx, 1 give it "Buy", 0 "Sell" rating, while 2 recommend "Hold". Credit Suisse Group dropped their price target on Avis Budget Group from $38.00 to $27.00 and set a neutral rating on the stock in a report on Friday, May 5th. The stock's average target of $98.50 is -5.01% below today's ($103.69) share price. Morgan Stanley maintained the shares of vehicle in report on Friday, September 15 with "Underweight" rating. M Partners maintained Avis Budget Group, Inc. The rating was maintained by Barclays Capital with "Equal-Weight" on Thursday, February 25.

Other reports by Iphone Fresh

Discuss This Article

FOLLOW OUR NEWSPAPER