Somewhat Positive News Coverage Somewhat Unlikely to Impact Avis Budget Group (CAR) Share Price

News headlines about Avis Budget Group (NASDAQ:CAR) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Avis Budget Group earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the business services provider an impact score of 45.9740877735773 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of equities analysts recently weighed in on CAR shares. Morgan Stanley upped their target price on shares of Avis Budget Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 15th. Deutsche Bank dropped their target price on shares of Avis Budget Group from $49.00 to $48.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Zacks Investment Research lowered shares of Avis Budget Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Barclays upped their target price on shares of Avis Budget Group from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 1st. Finally, MKM Partners upped their target price on shares of Avis Budget Group from $36.00 to $49.00 and gave the stock a “buy” rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Avis Budget Group has an average rating of “Buy” and an average price target of $37.70.

Avis Budget Group (NASDAQ:CAR) traded up $1.15 during mid-day trading on Friday, reaching $49.15. 2,579,554 shares of the company’s stock traded hands, compared to its average volume of 1,939,215. Avis Budget Group has a fifty-two week low of $20.71 and a fifty-two week high of $49.41. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 35.24. The company has a market capitalization of $3,908.24, a price-to-earnings ratio of 36.41 and a beta of 2.53.

Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $3.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.99 by $0.11. Avis Budget Group had a net margin of 1.26% and a return on equity of 95.28%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same quarter last year, the business earned $2.47 earnings per share. Avis Budget Group’s quarterly revenue was up 3.6% compared to the same quarter last year. research analysts anticipate that Avis Budget Group will post 2.65 EPS for the current fiscal year.

In other news, Director John D. Jr. Hardy sold 831 shares of the stock in a transaction on Friday, November 10th. The shares were sold at an average price of $35.36, for a total value of $29,384.16. Following the sale, the director now owns 831 shares of the company’s stock, valued at $29,384.16. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David T. Calabria sold 1,250 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $41.71, for a total transaction of $52,137.50. Following the completion of the sale, the senior vice president now directly owns 4,412 shares in the company, valued at approximately $184,024.52. The disclosure for this sale can be found here. Insiders have sold 489,581 shares of company stock valued at $19,782,022 in the last quarter. 2.80% of the stock is owned by company insiders.

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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 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.

Insider Buying and Selling by Quarter for Avis Budget Group (NASDAQ:CAR)

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