Analyst Ratings for Avis Budget Group Inc. (CAR)Updated: 2017-07-26
Analysts covering Avis Budget Group Inc. (NASDAQ:CAR) have given it a consensus rating of Overweight. About 30 days ago, CAR was issued an average rating of Overweight.
6 analysts declared CAR a buy, 0 issued an overweight rating, 3 issued a hold rating, 0 gave an underweight rating, and 1 gave a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has increased by 0. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for CAR. The maximum price target given was 60, implying a possible profit of 83.49 percent. The minimum price target given was 19, implying a possible loss of -41.9 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.06 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -18.85 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.86 percent. If we look at the last 90 days instead, we find a net average change of -9.19 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
Analysts estimate earnings of CAR to grow at a rate of 176.19 percent. People on Wall Street often look at a company's PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CAR is 0.18.
In the last 52-weeks, CAR has achieved a high of 41.53 and a low of 20.71. Today's price is 57.89 percent above the 52-week low, and 21.26 percent lower than its 52-week high. CAR has a price/earnings ratio of 30.85. Investors typically compare the P/E ratio to a company's peers in the industry. The CAR value stock report compares CAR to some of its peers using value stock charts. The market cap of CAR is $2.78 billion. CAR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.