In a report released today, Brian Johnson from Barclays maintained a Hold rating on Avis Budget (NASDAQ: CAR), with a price target of $38. The company’s shares closed yesterday at $35.16.
According to TipRanks.com, Johnson is a 4-star analyst with an average return of 5.4% and a 54.9% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Arvinmeritor, Dana Holding, and Visteon Corp.
Avis Budget has an analyst consensus of Hold, with a price target consensus of $30.
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Based on Avis Budget’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.33 billion and net profit of $26 million. In comparison, last year the company earned revenue of $2.24 billion and had a net profit of $3 million.
Based on the recent corporate insider activity of 82 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.
