Avis Budget Group (CAR) Downgraded by BidaskClub
Avis Budget Group (NASDAQ:CAR) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
Other research analysts also recently issued reports about the stock. Goldman Sachs Group downgraded shares of Avis Budget Group from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $40.12 to $33.00 in a research report on Wednesday. Northcoast Research reissued a “buy” rating on shares of Avis Budget Group in a research report on Tuesday, November 7th. ValuEngine raised shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Monday, December 11th. Zacks Investment Research raised shares of Avis Budget Group from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, TheStreet raised shares of Avis Budget Group from a “c” rating to a “b-” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $37.30.
Shares of Avis Budget Group (CAR) opened at $38.73 on Thursday. Avis Budget Group has a one year low of $20.71 and a one year high of $49.41. The company has a debt-to-equity ratio of 35.24, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market cap of $3,150.00, a price-to-earnings ratio of 28.69 and a beta of 2.45.
Several large investors have recently modified their holdings of the company. Crow Point Partners LLC acquired a new stake in shares of Avis Budget Group in the third quarter valued at about $107,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Avis Budget Group in the fourth quarter valued at about $171,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Avis Budget Group by 43.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,117 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 1,242 shares during the period. Delpha Capital Management LLC acquired a new stake in shares of Avis Budget Group in the fourth quarter valued at about $181,000. Finally, FNY Managed Accounts LLC acquired a new stake in shares of Avis Budget Group in the third quarter valued at about $160,000.
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About Avis Budget Group
Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.
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