Media coverage about Avis Budget Group (NASDAQ:CAR) has been trending somewhat positive on Monday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avis Budget Group earned a news impact score of 0.16 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 45.9832911533432 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s analysis:
- Overland Advisors Cut Avis Budget Group (CAR) Stake; Pacad Investment LTD Decreased Its Constellation Brands … – Hill Country Times (hillcountrytimes.com)
- $1.96 Billion in Sales Expected for Avis Budget Group Inc. (CAR) This Quarter (americanbankingnews.com)
- Avis Budget Group invests in mobility (buyingbusinesstravel.com)
- Avis Announces First Fully Connected Car Fleet (msn.com)
- Avis tests fully connected wireless car fleet in Kansas City (HTZ) (markets.businessinsider.com)
Several analysts have recently commented on CAR shares. ValuEngine cut shares of Avis Budget Group from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Desjardins restated a “hold” rating on shares of Avis Budget Group in a report on Friday, August 11th. National Bank Financial restated an “outperform market weight” rating on shares of Avis Budget Group in a report on Friday, August 11th. BidaskClub raised shares of Avis Budget Group from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 14th. Finally, Morgan Stanley reduced their target price on shares of Avis Budget Group from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $37.70.
Avis Budget Group (NASDAQ:CAR) last posted its quarterly earnings data on Monday, November 6th. The business services provider reported $3.10 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.11. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Avis Budget Group had a return on equity of 95.28% and a net margin of 1.26%. Avis Budget Group’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.47 earnings per share. equities analysts predict that Avis Budget Group will post 2.65 earnings per share for the current year.
In related news, insider Ronald L. Nelson sold 250,000 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $41.02, for a total value of $10,255,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David T. Calabria sold 1,300 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $35.86, for a total value of $46,618.00. Following the sale, the senior vice president now owns 5,662 shares of the company’s stock, valued at $203,039.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 428,631 shares of company stock valued at $17,028,532. 2.80% of the stock is currently owned by corporate insiders.
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About Avis Budget Group
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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