Headlines about Avis Budget Group (NASDAQ:CAR) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avis Budget Group earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.8393328515468 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news stories that may have impacted Accern’s rankings:

A number of analysts have recently commented on the stock. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Morgan Stanley reduced their price target on shares of Avis Budget Group from $23.00 to $19.00 and set an “underweight” rating for the company in a research note on Monday, May 8th. BidaskClub upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Deutsche Bank AG reiterated a “buy” rating on shares of Avis Budget Group in a research note on Monday, June 26th. Finally, MKM Partners reiterated a “buy” rating and issued a $40.00 price target on shares of Avis Budget Group in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $36.40.

Shares of Avis Budget Group (NASDAQ:CAR) traded up 7.74% during mid-day trading on Friday, reaching $34.79. 4,427,178 shares of the company traded hands. The firm has a 50-day moving average price of $30.34 and a 200 day moving average price of $29.78. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 40.98 and a beta of 2.49. Avis Budget Group has a 52 week low of $20.71 and a 52 week high of $41.53.

Avis Budget Group (NASDAQ:CAR) last announced its quarterly earnings data on Monday, August 7th. The business services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.32. The company had revenue of $2.24 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Avis Budget Group had a net margin of 0.86% and a return on equity of 74.80%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 earnings per share. On average, analysts anticipate that Avis Budget Group will post $2.70 earnings per share for the current year.

In related news, Director John D. Jr. Hardy sold 908 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $32.78, for a total value of $29,764.24. Following the completion of the transaction, the director now directly owns 908 shares of the company’s stock, valued at approximately $29,764.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Avis Budget Group (NASDAQ:CAR)

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