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 most optimistic analyst gave a price target of 60, implying potential capital gains of 83.49 percent. The minimum price target given was 19, implying potential capital losses 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.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -6.06 percent. The average change in earnings estimates over the last 90 days is -18.85 percent. Over the past 30 days, FY earnings estimates have also changed downwards by -0.86 percent. 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, 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 decreased their estimates.
CAR has an estimated earnings growth rate of 176.19 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. CAR has a PEG ratio of 0.18.
In the trailing 52-weeks, CAR hit 41.53 at the highest peak, while it's lowest trading point was 20.71. Today's price is 57.89 percent above the 52-week low, and below the high by 21.26 percent. 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 market cap of CAR is $2.78 billion. CAR will post this quarters earnings in days, on 0000-00-00.