Barclays Sticks to Their Hold Rating for Avis Budget (CAR)


Barclays analyst Brian Johnson maintained a Hold rating on Avis Budget (CAR) yesterday and set a price target of $40. The company’s shares closed yesterday at $28.02.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 3.6% and a 53.6% success rate. Johnson covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Visteon Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avis Budget with a $35 average price target.

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Based on Avis Budget’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.78 billion and net profit of $213 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 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.

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