Really worthy Stock of Friday-: Avis Budget Group, Inc. (CAR)

Jay Anderson
May 18, 2017

Several analysts have issued reports on XL shares. Credit Suisse Group AG cut their price target on shares of Avis Budget Group from $38.00 to $27.00 and set a "neutral" rating on the stock in a report on Monday. Zacks Investment Research raised shares of Avis Budget Group from a "sell" rating to a "hold" rating in a research report on Monday, February 20th. Greenblatt's formula helps find stocks that are priced attractively with a high earnings yield, or strong reported profits in comparison to the market value of the company. $3.00 target price is just $1 shy of the official lowest sell-side analyst price target on Wall Street.

In other news, Director John D. Jr. Hardy sold 870 shares of the firm's stock in a transaction on Wednesday, February 22nd. The stock traded at a volume of 4.85 million shares. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John D. Jr. Hardy sold 992 shares of the firm's stock in a transaction on Tuesday, May 9th. Following the transaction, the director now owns 870 shares in the company, valued at $29,719.20. The disclosure for this sale can be found here. The Weekly and Monthly Volatility stands at 6.28% and 4.46%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. bought a new stake in XL Group during the fourth quarter valued at about $231,000. Schwab Charles Investment Management Inc. raised its position in Avis Budget Group by 10.7% in the first quarter. There is a large variety of Financial Ratios that can be considered while making an investment decision but here in the case of Avis Budget Group, Inc. Looking further, Avis Budget Group, Inc. has a Gross Margin score of 4. Vanguard Group Inc. now owns 7,340,105 shares of the business services provider's stock worth $217,121,000 after buying an additional 1,037,148 shares during the period. On a segment basis, North American sales decreased $8.4 million from the prior year principally due to the decline in the multi-media market and some weakness in the healthcare market. Avis Budget Group, Inc.is now trading -18.93% below its 20-day and -31.71% versus the 200-day simple moving averages while -20.45% compared with its 50-day simple moving average.

Wal-Mart Stores Inc. (WMT) Lost -0.55% in the last trading session
New York-based Two Sigma Securities Limited Liability Corporation has invested 0.12% in Wal-Mart Stores Inc (NYSE:WMT). The retailer reported $1.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.29 by $0.01.

Avis Budget Group (NASDAQ:CAR) last issued its quarterly earnings results on Wednesday, May 3rd. The business services provider reported ($0.94) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.51) by $0.43.

09/27/2016 - Avis Budget Group, Inc. had its "equal weight" rating reiterated by analysts at Barclays. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. The TSXV listed company saw a recent bid of 0.04 and 8000 shares have traded hands in the session. Avis Budget Group's revenue was down 2.2% compared to the same quarter past year. Equities analysts anticipate that Avis Budget Group will post $3.06 EPS for the current fiscal year.

WARNING: This news story was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & worldwide copyright and trademark legislation. The correct version of this news story can be viewed at https://www.thecerbatgem.com/2017/05/15/avis-budget-group-inc-car-reaches-new-52-week-low-following-analyst-downgrade.html. The Americas segment provides and licenses the Company's brands to third parties for vehicle rentals and ancillary products and services in North America, South America, Central America and the Caribbean, and operates its auto sharing business in certain of these markets. Smith previously served as finance director of the company's Avis Budget EMEA subsidiary and of Avis Europe plc. Avis and Budget are a rental auto supplier.

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