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, which equates to a potential upside of 83.49 percent. The lowest price target was 19, which equates to a potential downside of -41.9 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average 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. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.86 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -9.19 percent in FY estimates.
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. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts made negative revisions to their fiscal year's estimates.
CAR has an estimated earnings growth rate of 176.19 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of CAR is 0.18.
CAR has traded between a high of 41.53 and a low of 20.71 over the past year. Today's price is 57.89 percent above the 52-week low, 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's next earnings release will be on 0000-00-00, which is days away.