Avis Budget Group, Inc. (NASDAQ:CAR).
On August 25 analysts at Macquarie starting coverage on the stock by announcing an initial rating of “Outperform”. May 5 investment analysts at JP Morgan held the company rating at “Neutral” and moved down the price target from $49.00 to $24.00.
On April 12 Credit Suisse made no change to the stock rating of “Outperform” but lowered the price expectation to $34.00 from $38.00. Sterne Agee CRT started covering CAR setting a rating of “Buy”.
February 25 investment analysts at Barclays kept the stock rating at “Equal-weight” and lowered the price target from $35.00 to $29.00.
The company is trading down by -2.70 percent from yesterday’s close. Shares of the company are trading at $37.88 barely above the 50 day moving average of $36.77 and which is marginally over the 200 day moving average of $31.39. The 50 day moving average went up by +6.00% and the 200 day average moved up $7.58.
The company’s P/E ratio is 23.55 and the market cap is 3.54B. As of the last earnings report the EPS was $1.65 and is estimated to be $3.04 for the current year with 90,788,000 shares now outstanding. Next quarter’s EPS is estimated at $0.35 and the next full year EPS is projected to be $3.47.
Short traders are feeling a little more bearish on Avis Budget Group, Inc. if you evaluate the uptick in short interest. The company realized a rise in short interest of 0.11% as of the latest report on September 15, 2016. Short shares increased from 13,336,298 to 14,867,530 over that period. With short interest at 14,867,530 and short average daily volume at 1,350,874, days to cover is 11.0 and the percentage of shorted shares was 0.16% on September 15.