In a report issued on February 22, Chris Woronka from Deutsche Bank reiterated a Buy rating on Avis Budget (CAR), with a price target of $48. The company’s shares closed on Friday at $35.33.
According to TipRanks.com, Woronka is a 3-star analyst with an average return of 2.1% and a 58.6% success rate. Woronka covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts Inc, Ashford Hospitality Trust, and Host Hotels & Resorts.
Currently, the analyst consensus on Avis Budget is a Hold with an average price target of $35, implying a -0.9% downside from current levels. In a report issued on February 11, Goldman Sachs also upgraded the stock to Buy with a $35 price target.
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The company has a one-year high of $50.88 and a one-year low of $21.63. Currently, Avis Budget has an average volume of 1.96M.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
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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.
