Avis Budget Group (CAR) Receives News Sentiment Rating of 0.14
News coverage about Avis Budget Group (NASDAQ:CAR) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avis Budget Group earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 46.4199955811485 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment’s rankings:
- Medical Campus exploring expansion of Zipcars – Buffalo News (buffalonews.com)
- Car rental market global industry analysis to 2022 explored in latest research (whatech.com)
- Moves Back And Forth on Declarations: Avis Budget Group, Inc. (NASDAQ:CAR), Ionis Pharmaceuticals, Inc. (NASDAQ … – Investing News Update (investingbizz.com)
- Avis Budget's Zipcar Extends Global Geographic Footprint (finance.yahoo.com)
- Zipcar and Ford Exceed $1M in Donations to Student Organizations through Annual “Students with Drive” Grant Program (finance.yahoo.com)
Several brokerages have recently issued reports on CAR. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research report on Thursday. B. Riley began coverage on shares of Avis Budget Group in a research report on Friday, September 22nd. They set a “buy” rating and a $36.00 target price on the stock. Credit Suisse Group restated a “hold” rating on shares of Avis Budget Group in a research report on Thursday, September 14th. BidaskClub upgraded shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “hold” rating and set a $37.00 target price on shares of Avis Budget Group in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Avis Budget Group presently has a consensus rating of “Buy” and a consensus price target of $35.89.
Shares of Avis Budget Group (CAR) opened at 39.19 on Thursday. The stock’s 50 day moving average is $36.03 and its 200 day moving average is $29.87. Avis Budget Group has a 12 month low of $20.71 and a 12 month high of $41.53. The stock has a market capitalization of $3.24 billion, a PE ratio of 46.16 and a beta of 2.48.
Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.32). The business had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.27 billion. Avis Budget Group had a return on equity of 74.80% and a net margin of 0.86%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 earnings per share. Analysts anticipate that Avis Budget Group will post $2.59 earnings per share for the current fiscal year.
In other Avis Budget Group news, insider Ronald L. Nelson sold 150,000 shares of Avis Budget Group stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $37.30, for a total transaction of $5,595,000.00. Following the transaction, the insider now directly owns 510,714 shares of the company’s stock, valued at $19,049,632.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John D. Jr. Hardy sold 908 shares of Avis Budget Group stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $32.78, for a total transaction of $29,764.24. Following the transaction, the director now directly owns 908 shares in the company, valued at $29,764.24. The disclosure for this sale can be found here. Insiders have sold 185,708 shares of company stock worth $6,878,212 over the last ninety days. 2.80% of the stock is owned by insiders.
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Avis Budget Group Company Profile
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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