Avis Budget Group I (NASDAQ:CAR) shares traded 10.57% up during most recent session to reach at the closing price of $32.65. The stock exchanged hands 3.91 Million shares versus average trading capacity of 1.85 Million shares, yielding a market cap of $2.57 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $41.25 within the next 52-weeks. The mean target projections are based on 8 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 $30.
Barclays “Maintained” Avis Budget Group I (NASDAQ:CAR) in a research note issued to investors on 8/22/18 to Equal-Weight with price target of $38.
Additionally on 7/30/18 Northcoast Research “Upgrades” Avis Budget Group I (NASDAQ:CAR) to Buy setting price target at $0 and on 6/26/18 Morgan Stanley “Reinstates” the stock to Underweight at $30. Furthermore on 5/04/18 Deutsche Bank “Maintained” the stock to Buy at $53.
On the other hand the company has Relative Strength Index (RSI 14) of 56.91 along with Average True Range (ATR 14) of 1.82, Consequently Avis Budget Group I (NASDAQ:CAR)’s weekly and monthly volatility is 6.97%, 5.71% respectively. The company’s beta value is at 1.81.
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 $0.01 and can go high up to $0.43. The consensus mean EPS for the current quarter is at $0.28 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.45 earnings per share for the same quarter during last year.
Previously Avis Budget Group I (NASDAQ:CAR) reported $3.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by $-0.21. The company posted an earnings surprise of -5.9%.
Avis Budget Group I (NASDAQ:CAR)’s revenue estimates for the current quarter are $2.05 Billion according to 6 number of analysts, for the current quarter the company has high revenue estimates of $2.11 Billion in contradiction of low revenue estimates of $2.01 Billion. For the current year the company’s revenue estimates are $9.12 Billion compared to low analyst estimates of $9.07 Billion and high estimates of $9.28 Billion according to 8 number of analysts.
Currently Avis Budget Group I (NASDAQ:CAR)’s shares owned by insiders are 1.1%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -4.32%, as well as three-month change in the institutional ownership was recorded 0.28%.
Avis Budget Group I (NASDAQ:CAR)’s trailing twelve month revenues are $9.07 Billion, whereas its price to sales ratio for the same period is 0.28. Its book value per share for the most recent quarter is $4.61 while its price to book ratio for the same period is 7.08, as for as the company’s cash per share for the most recent quarter is $6.21, however its price to cash per share ratio for the same period is 5.26. The stock has 5 year expected PEG ratio of 0.95 whereas its trailing twelve month P/E ratio is 14.54.