In a report released today, Chris Woronka from Deutsche Bank reiterated a Buy rating on Avis Budget (CAR), with a price target of $48. The company’s shares opened today at $35.45.
According to TipRanks.com, Woronka is a 3-star analyst with an average return of 1.5% and a 57.7% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Hertz Global Holdings Inc.
Currently, the analyst consensus on Avis Budget is a Moderate Buy with an average price target of $38.75.
See today’s analyst top recommended stocks >>
Based on Avis Budget’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.05 billion and net profit of $13 million. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $220 million.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CAR in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company’s brands to third parties for vehicle rentals and ancillary products and services.
