Avis Budget Group I (NASDAQ:CAR) shares traded -0.51% down during most recent session to reach at the closing price of $21.6. The stock exchanged hands 3.14 Million shares versus average trading capacity of 2.8 Million shares, yielding a market cap of $1.83 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $37.89 within the next 52-weeks. The mean target projections are based on 9 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Avis Budget Group I (NASDAQ:CAR) high price target of $60 and with a conservative view have low price target of $19.
Credit Suisse “Downgrades” Avis Budget Group I (NASDAQ:CAR) in a research note issued to investors on 2/17/17 to Neutral with price target of $0.
Additionally on 10/24/16 Goldman Sachs “Initiates Coverage On” Avis Budget Group I (NASDAQ:CAR) to Neutral setting price target at $ and on 9/27/16 Barclays “Maintained” the stock to Equal-Weight at $55. Furthermore on 8/25/16 Macquarie “Initiates Coverage on” the stock to Outperform at $44.
On the other hand the company has Relative Strength Index (RSI 14) of 34.13 along with Average True Range (ATR 14) of 1.25, Consequently Avis Budget Group I (NASDAQ:CAR)’s weekly and monthly volatility is 5.17%, 5.13% respectively. The company’s beta value is at 2.49.
In terms of Buy, Sell or Hold recommendations, Avis Budget Group I (NASDAQ:CAR) has analysts’ mean recommendation of 2.3. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Avis Budget Group I (NASDAQ:CAR)’s minimum EPS for the current quarter is at $0.35 and can go high up to $0.85. The consensus mean EPS for the current quarter is at $0.67 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.63 earnings per share for the same quarter during last year.
Previously Avis Budget Group I (NASDAQ:CAR) reported $-0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.52 by $-0.42. The company posted an earnings surprise of -80.8%.
While considering growth estimates of the company, it has next quarter growth estimates of 18.6% whereas during current quarter it has 6.3% estimations over growth, comparing to the estimations of 0.3% during current year and 15.6% for next year. Past 5 years growth of Avis Budget Group I (NASDAQ:CAR) observed at 10.18%, looking forward for the next 5 years it has a strong prediction of 24.1% over growth.
Avis Budget Group I (NASDAQ:CAR)’s revenue estimates for the current quarter are $2.28 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $2.32 Billion in contradiction of low revenue estimates of $2.24 Billion. For the current year the company’s revenue estimates are $8.79 Billion compared to low analyst estimates of $8.74 Billion and high estimates of $8.86 Billion according to 9 number of analysts.
Currently Avis Budget Group I (NASDAQ:CAR)’s shares owned by insiders are 2.3%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -0.1%, as well as three-month change in the institutional ownership was recorded 11.07%.
Avis Budget Group I (NASDAQ:CAR) 52-week high price stands at $41.53 and low price stands at $20.71, its price distance from 52-week high is -47.99% while its distance from 52-week low price is 4.3%. The stock hit its 52-week high on 12/07/16, and 52-week low on 06/09/17.
Avis Budget Group I (NASDAQ:CAR)’s trailing twelve month revenues are $8.62 Billion, whereas its price to sales ratio for the same period is 0.21. Its book value per share for the most recent quarter is $1.65 while its price to book ratio for the same period is 13.09, as for as the company’s cash per share for the most recent quarter is $10.92, however its price to cash per share ratio for the same period is 1.98. The stock has 5 year expected PEG ratio of 0.85 whereas its trailing twelve month P/E ratio is 20.53.