Avis Budget Group, Inc. (CAR) Cut to "Sell" at Zacks Investment Research
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 4:07
Avis Budget Group (NASDAQ:CAR) traded up 1.28% during midday trading on Tuesday, hitting $38.04. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its auto sharing business in certain of these markets. 372,674 shares of the company's stock traded hands.
The Company now has ROA (Return on Assets) of 1 percent, Return on Equity (ROE) of 46.6 Percent and Return on Investment (ROI) of 5.6% with Gross margin of 49.3 percent and Operating & Profit margin of 9% and 2.2% respectively.
The company has YTD performance of 2.4 percent.
Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. (NASDAQ:CAR) Price to Earnings (P/E) ratio is 18.13. A EVP and General Counsel in the company, Tucker Michael K, disclosed a transaction on Monday November 21, 2016 that ended up generating $95,000 from the sale of 2,439 shares at $39.05 per share. The TTM operating margin is 9 percent. It is predicted to add 7% on day 1 and jump 9% on day 7 after the company reports upcoming earnings. The difference between Actual EPS and Estimated EPS was 0.14 Percent. Avis Budget has a negative earnings history in the trailing four quarters and has grossly underperformed the industry in the last three months. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avis Budget Group, Inc. with MarketBeat.com's FREE daily email newsletter. With the last close up 5.19% from the two hundred day average, compared with the S&P 500 Index which has increased 0.06% over the date range.
Here we discussed Analysts views what they told about Avis Budget Group, Inc. (NASDAQ:CAR) is under coverage by number of analysts.
Avis Budget Group, Inc.is expected* to report earnings on 02/15/2017 after market close. (NASDAQ:CAR) beats earnings by 66%, The Stock Missed Earnings 3 times and has met earnings 1 times. Post-earnings, vehicle stock ranged between $24.28 and $25.75 after opening the day (05/04/2016) at $25.3. Before the earnings report, investors might be watching directional trends of estimates. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 1 analyst of Thomson Reuters, 1 analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. Thus the company showed an Earnings Surprise of 6 Percent. These analysts and investment firms use various valuation methods to decide a price target for a stock. The analysts offering Earnings Estimates for the company were believing that Avis Budget Group, Inc. (NASDAQ:CAR) is $43.75 while their mean recommendation is 2.20 (1=Buy, 5=sell).
Avis Budget shares have risen 11 percent since the beginning of the year. Auto fell -0.19%, climbed 1.65% and advanced 1.76% in the week, one month and six months, respectively. The Closing Price of the stock before earnings was $23.54 while on the Next day the stock closed its trading session at $25.01 with a percentage change of 6.24% from the price of 23.54 before Earnings. Pretium Resources Inc. The stock touched its 52-Week High on Feb 7, 2017 and 52-Week Low on Feb 26, 2016.