BidaskClub downgraded shares of Avis Budget Group, Inc. (NASDAQ:CAR) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

A number of other research firms also recently issued reports on CAR. Zacks Investment Research downgraded shares of Avis Budget Group from a hold rating to a sell rating in a research report on Wednesday, August 2nd. J P Morgan Chase & Co assumed coverage on shares of Avis Budget Group in a report on Friday, August 4th. They set an overweight rating and a $39.00 price target on the stock. ValuEngine downgraded shares of Avis Budget Group from a buy rating to a hold rating in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) reiterated a hold rating and issued a $37.00 target price on shares of Avis Budget Group in a research note on Thursday, September 7th. Finally, Barclays PLC raised their target price on shares of Avis Budget Group from $30.00 to $32.00 and gave the company an equal weight rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Avis Budget Group currently has a consensus rating of Buy and an average target price of $37.80.

Avis Budget Group (NASDAQ:CAR) traded up $0.41 during mid-day trading on Friday, reaching $41.38. 1,703,526 shares of the company’s stock were exchanged, compared to its average volume of 1,647,013. Avis Budget Group has a 12 month low of $20.71 and a 12 month high of $42.40. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 100.73. The stock has a market cap of $3,386.26, a P/E ratio of 20.69 and a beta of 2.57.

TRADEMARK VIOLATION WARNING: “Avis Budget Group, Inc. (CAR) Downgraded by BidaskClub” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/avis-budget-group-inc-car-downgraded-by-bidaskclub/1683515.html.

In related news, Director John D. Jr. Hardy sold 908 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.78, for a total transaction of $29,764.24. Following the completion of the transaction, the director now owns 908 shares in the company, valued at $29,764.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Edward P. Linnen sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $36.09, for a total transaction of $108,270.00. Following the transaction, the executive vice president now owns 17,919 shares of the company’s stock, valued at approximately $646,696.71. The disclosure for this sale can be found here. Insiders have sold a total of 460,708 shares of company stock valued at $18,183,212 over the last three months. 2.80% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Crow Point Partners LLC acquired a new position in shares of Avis Budget Group in the third quarter valued at approximately $107,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Avis Budget Group in the second quarter worth $191,000. Telemus Capital LLC bought a new stake in shares of Avis Budget Group in the third quarter worth $211,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Avis Budget Group in the second quarter worth $225,000. Finally, Strs Ohio bought a new stake in shares of Avis Budget Group in the third quarter worth $232,000.

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.

Analyst Recommendations for Avis Budget Group (NASDAQ:CAR)

Receive News & Ratings for Avis Budget Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Avis Budget Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.