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.
Several price targets were given for CAR by the analysts covering the stock. The highest price target was 60, which equates to a potential upside of 83.49 percent. The most pessimistic analyst gave a price target of 19, implying a possible loss of -41.9 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Analysts have revised their earnings estimates downwards for this quarter, by about -6.06 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -18.85 percent. Meanwhile, fiscal year estimates have been revised downwards by -0.86 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -9.19 percent.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.
CAR has an estimated earnings growth rate of 176.19 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. CAR has a PEG ratio of 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 below the high. CAR has a P/E 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 stock has a market capitalization of $2.78 billion. CAR's next earnings release will be on 0000-00-00, which is days away.