Avis Budget Group (CAR) Receiving Somewhat Positive Press Coverage, Report Shows
News stories about Avis Budget Group (NASDAQ:CAR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avis Budget Group earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.7368986105321 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- Budget Car Rental Expands Global Footprint With Launch of Operations in Taiwan (finance.yahoo.com)
- -$1.09 EPS Expected for Avis Budget Group Inc. (CAR) This Quarter (americanbankingnews.com)
- Toyota partners with Avis in North America (just-auto.com)
- Toyota to provide 10,000 connected vehicles to Avis’ fleet (autonews.com)
- High-Risky stock to Watch: Avis Budget Group, Inc. (CAR) – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research firms have commented on CAR. Goldman Sachs Group lowered shares of Avis Budget Group from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $40.12 to $33.00 in a research note on Wednesday, February 14th. BidaskClub lowered shares of Avis Budget Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Avis Budget Group from a “hold” rating to a “buy” rating in a research note on Monday, December 11th. Deutsche Bank lifted their price objective on shares of Avis Budget Group from $48.00 to $51.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Zacks Investment Research upgraded shares of Avis Budget Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. Avis Budget Group currently has a consensus rating of “Hold” and an average price target of $37.60.
Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.25. Avis Budget Group had a net margin of 4.08% and a return on equity of 76.64%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the business posted $0.15 earnings per share. The business’s revenue was up 7.5% compared to the same quarter last year. research analysts predict that Avis Budget Group will post 3.27 EPS for the current year.
Avis Budget Group Company Profile
Avis Budget Group Inc is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis and Budget are a rental car supplier. It also owns Payless, which a car rental brand; Apex, which is a car rental brand in New Zealand and Australia; Maggiore, a vehicle rental brand in Italy, and France Cars, which operates light commercial vehicle fleets in France.
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