How Many Avis Budget Group, Inc. (NASDAQ:CAR)’s Analysts Are Bearish?

December 8, 2017 - By Dolores Ford

 How Many Avis Budget Group, Inc. (NASDAQ:CAR)'s Analysts Are Bearish?
Investors sentiment decreased to 1.04 in Q2 2017. Its down 0.02, from 1.06 in 2017Q1. It fall, as 50 investors sold Avis Budget Group, Inc. shares while 64 reduced holdings. 43 funds opened positions while 76 raised stakes. 115.24 million shares or 13.67% more from 101.39 million shares in 2017Q1 were reported.
Lsv Asset Mngmt reported 782,673 shares. Connor Clark And Lunn Invest Ltd reported 9,187 shares or 0% of all its holdings. Ontario Teachers Pension Plan Board invested in 0.01% or 36,963 shares. Nj State Employees Deferred Compensation Plan has 0.28% invested in Avis Budget Group, Inc. (NASDAQ:CAR). Hotchkis Wiley Management Ltd Co invested in 993,900 shares or 0.11% of the stock. Menta Limited Liability Company has 0.11% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 34,500 shares. Magnetar Financial Ltd stated it has 0% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). Par Mngmt reported 6.54 million shares. Mutual Of America Cap Mngmt Limited Liability stated it has 0.03% in Avis Budget Group, Inc. (NASDAQ:CAR). Jpmorgan Chase has 0.01% invested in Avis Budget Group, Inc. (NASDAQ:CAR) for 1.08 million shares. Waterfront Limited Liability owns 64,000 shares. Sei Invs invested in 126,718 shares or 0.01% of the stock. Equitec Proprietary Mkts Limited Liability Com owns 14,000 shares or 0.09% of their US portfolio. Panagora Asset Mngmt accumulated 125,640 shares. First Republic Investment Management, California-based fund reported 83,076 shares.

Avis Budget Group, Inc. (NASDAQ:CAR) Ratings Coverage

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Avis Budget had 33 analyst reports since August 5, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equal Weight” rating and $37 target in Tuesday, September 27 report. The stock has “Neutral” rating by Goldman Sachs on Monday, October 24. The firm has “Hold” rating by Credit Suisse given on Thursday, September 14. As per Thursday, October 12, the company rating was maintained by M Partners. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Buy” rating by M Partners on Thursday, February 25. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Neutral” rating by Credit Suisse on Friday, February 17. The rating was maintained by Credit Suisse on Tuesday, April 12 with “Outperform”. The stock has “Neutral” rating by JP Morgan on Wednesday, November 4. The rating was maintained by M Partners with “Buy” on Monday, December 14. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) earned “Buy” rating by Sterne Agee CRT on Tuesday, March 22. Below is a list of Avis Budget Group, Inc. (NASDAQ:CAR) latest ratings and price target changes.

08/11/2017 Broker: Deutsche Bank Rating: Buy Old Target: $49 New Target: $48 Maintain
01/11/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $30 New Target: $32 Maintain
12/10/2017 Broker: M Partners Rating: Buy Old Target: $36 New Target: $49 Maintain
22/09/2017 Broker: B. Riley & Co Rating: Buy New Target: $36 Initiates Coverage On
15/09/2017 Broker: Morgan Stanley Rating: Underweight Old Target: $18 New Target: $21 Maintain
14/09/2017 Broker: Credit Suisse Rating: Hold Maintain
07/09/2017 Broker: Goldman Sachs Rating: Hold New Target: $37.0
25/08/2017 Broker: Morgan Stanley Rating: Underweight Old Target: $19 New Target: $18 Maintain
04/08/2017 Broker: J.P. Morgan Rating: Buy New Target: $39.0000 Initiate
04/08/2017 Broker: JP Morgan Rating: Overweight New Target: $39 Initiates Coverage On

The stock increased 3.21% or $1.27 during the last trading session, reaching $40.78. About 2.33M shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since December 8, 2016 and is downtrending. It has underperformed by 31.60% the S&P500.

Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and clients worldwide. The company has market cap of $3.32 billion. The firm operates through two divisions, Americas and International. It has a 32.01 P/E ratio. It operates the Avis brand car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure divisions of the travel industry; the Budget brand vehicle rental system with approximately 4,050 car rental locations, which serve the value-conscious divisions of the industry; and the Zipcar brand, a membership car sharing network that provides vehicles to approximately 1 million members.

More recent Avis Budget Group, Inc. (NASDAQ:CAR) news were published by: Globenewswire.com which released: “Avis Budget Group Continues March Towards Future of Mobility With Launch of …” on November 30, 2017. Also Globenewswire.com published the news titled: “Avis Budget Group to Present at Barclays Global Automotive Conference on …” on November 08, 2017. Seekingalpha.com‘s news article titled: “Avis: Management Has Little Control Over Operations” with publication date: November 17, 2017 was also an interesting one.

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