Stock To Watch: Avis Budget Group, Inc. (NASDAQ:CAR)


The leading market experts have placed a mean price target of $41.00 on Avis Budget Group, Inc. (NASDAQ:CAR) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $2.29 a share for the upcoming quarter and $2.91 for the current fiscal. Technical View The technical analysis of Avis Budget Group, Inc. plainly substantiates that the 50-day moving average of Avis Budget Group, Inc. is $33.94, and stock is hovering 2.79 or +8.21% distant from $33.94. It is noted that the 200-day MA is $28.39, and Avis Budget Group, Inc. stock is $8.34 or +29.36% off from this point. Avis Budget Group, Inc. (NASDAQ:CAR) 52-week high is $53.04 and the 52-week low is $21.73. This explains if the stock moves $-16.31, it will post a 52-week high. In event of $+69.03% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Avis Budget Group, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Avis Budget Group, Inc. (NASDAQ:CAR) ratio came in at 13.88. The stock last ended the trading session at $36.73 and registered a market cap of $3.47B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Avis Budget Group, Inc. (NASDAQ:CAR) PEG ratio is at 1.31.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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