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.
CAR was given price targets by several analysts. The most optimistic analyst gave a price target of 60, implying potential capital gains of 83.49 percent. The most pessimistic analyst gave a price target of 19, which equates to a potential downside of -41.9 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -6.06 percent. That number becomes -18.85 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.86 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of CAR to grow at a rate of 176.19 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, 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 trailing 52-weeks, CAR hit 41.53 at the highest peak, while it's lowest trading point was 20.71. The current market price is above the trailing year's low by 57.89 percent, and 21.26 percent below the 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.