News articles about Avis Budget Group (NASDAQ:CAR) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public 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 0.13 on Accern’s scale. Accern also gave press coverage about the business services provider an impact score of 45.9897873289903 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- Avis Budget Group, Inc. (NASDAQ:CAR) – Hot Stock to Track – Nasdaq Journal (press release) (nasdaqjournal.com)
- Avis’s (CAR) Zipcar Expands ‘Floating’ Car Service in London – Nasdaq (nasdaq.com)
- $1.96 Billion in Sales Expected for Avis Budget Group Inc. (CAR) This Quarter (americanbankingnews.com)
Avis Budget Group (NASDAQ CAR) traded down $0.49 during trading hours on Tuesday, reaching $44.40. 2,140,329 shares of the company were exchanged, compared to its average volume of 1,762,433. Avis Budget Group has a 52 week low of $20.71 and a 52 week high of $46.31. The stock has a market capitalization of $3,620.00, a price-to-earnings ratio of 32.89 and a beta of 2.53. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 35.24.
Avis Budget Group (NASDAQ:CAR) last released its quarterly earnings data on Monday, November 6th. The business services provider reported $3.10 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the firm earned $2.47 earnings per share. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. sell-side analysts predict that Avis Budget Group will post 2.65 EPS for the current fiscal year.
A number of research analysts have recently commented on the stock. Zacks Investment Research cut shares of Avis Budget Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a report on Thursday, December 14th. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a report on Monday, December 11th. TheStreet upgraded shares of Avis Budget Group from a “c” rating to a “b-” rating in a report on Friday, November 10th. Finally, Deutsche Bank cut their price target on shares of Avis Budget Group from $49.00 to $48.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.70.
In other Avis Budget Group news, SVP David T. Calabria sold 1,250 shares of the stock in a transaction dated 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 of the company’s stock, valued at $184,024.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Srs Investment Management, Llc purchased 3,500,000 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were purchased at an average cost of $40.56 per share, with a total value of $141,960,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 739,581 shares of company stock valued at $30,037,022. 2.80% of the stock is owned by insiders.
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.
Receive News & Ratings for Avis Budget Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avis Budget Group and related companies with MarketBeat.com's FREE daily email newsletter.