Avis Budget Group (CAR) Set to Announce Earnings on Wednesday
Avis Budget Group (NASDAQ:CAR) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Avis Budget Group to post earnings of $0.20 per share for the quarter.
Shares of Avis Budget Group (CAR) opened at $40.12 on Wednesday. The company has a debt-to-equity ratio of 35.24, a current ratio of 1.28 and a quick ratio of 1.28. Avis Budget Group has a 1-year low of $20.71 and a 1-year high of $49.41. The company has a market capitalization of $3,270.00, a P/E ratio of 29.72 and a beta of 2.45.
A number of analysts have recently issued reports on CAR shares. Barclays lifted their price target on Avis Budget Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 1st. ValuEngine raised Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Northcoast Research reaffirmed a “buy” rating on shares of Avis Budget Group in a research note on Tuesday, November 7th. Zacks Investment Research raised Avis Budget Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. Finally, Deutsche Bank lowered their price target on Avis Budget Group from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Avis Budget Group has a consensus rating of “Buy” and a consensus price target of $37.70.
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About Avis Budget Group
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.
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