Deutsche Bank Keeps a Buy Rating on Avis Budget (CAR)
In a report released yesterday, Chris Woronka from Deutsche Bank maintained a Buy rating on Avis Budget (CAR), with a price target of $48. The company’s shares closed yesterday at $33.69.
According to TipRanks.com, Woronka is a 2-star analyst with an average return of 0.1% and a 40.3% success rate. Woronka covers the Financial sector, focusing on stocks such as Hertz Global Holdings Inc, Park Hotels & Resorts Inc, and Hersha Hospitality Trust.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Avis Budget with a $42.50 average price target.
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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 $2.34 billion and net profit of $62 million. In comparison, last year the company earned revenue of $2.33 billion and had a net profit of $26 million.
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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.