Avis Budget Group, Inc. (NASDAQ:CAR) opened at 37.63 on Monday. The firm has a market capitalization of $3.31 billion, a PE ratio of 19.23 and a beta of 2.03. The company’s 50-day moving average price is $37.13 and its 200 day moving average price is $36.54. Avis Budget Group, Inc. has a 12 month low of $21.73 and a 12 month high of $41.53.
Avis Budget Group, Inc. (NASDAQ:CAR) is set to post its Q416 quarterly earnings results on Wednesday, February 15th. Analysts expect Avis Budget Group to post earnings of $0.17 per share and revenue of $1.96 billion for the quarter.
In other Avis Budget Group news, EVP Michael K. Tucker sold 2,439 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $39.05, for a total transaction of $95,242.95. Following the completion of the sale, the executive vice president now directly owns 58,210 shares of the company’s stock, valued at approximately $2,273,100.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stender E. Sweeney sold 803 shares of the business’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $38.34, for a total value of $30,787.02. Following the sale, the director now directly owns 603 shares of the company’s stock, valued at $23,119.02. The disclosure for this sale can be found here. Insiders have sold a total of 153,242 shares of company stock valued at $5,976,030 over the last three months. Corporate insiders own 2.80% of the company’s stock.
Several research analysts have recently weighed in on the company. Credit Suisse Group reissued a “buy” rating and issued a $44.00 price objective on shares of Avis Budget Group in a research report on Wednesday, November 16th. Morgan Stanley lifted their price objective on Avis Budget Group from $20.00 to $27.00 and gave the stock an “underweight” rating in a research report on Friday, November 18th. TheStreet raised Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Monday, November 28th. Zacks Investment Research raised Avis Budget Group from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective for the company in a research report on Wednesday, January 4th. Finally, MKM Partners set a $47.00 price objective on Avis Budget Group and gave the stock a “buy” rating in a research report on Thursday, December 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. Avis Budget Group presently has an average rating of “Hold” and an average target price of $36.71.
Avis Budget Group Company Profile
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.