Why Avis Budget Group, Inc. (NASDAQ:CAR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $43.57 on Avis Budget Group, Inc. (NASDAQ:CAR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.03 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Avis Budget Group, Inc. (NASDAQ:CAR) stands at 21.79.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Avis Budget Group, Inc., the PEG ratio for coming 3-5 years is 1.22.

Technical Analysis

The technical analysis highlights that Avis Budget Group, Inc. current is trading $0.43 points away or +1.22% from its 50-day moving average of $35.63. Further it is trading $6.70 or +22.83% away its 200-day moving average of $29.36.

The 52-week high of Avis Budget Group, Inc. (NASDAQ:CAR) was $53.04 while lowest point recorded in 52-week was $21.73. It implies if stock price makes a movement of over $-16.98, it will record a new 52-week high. In the case of +65.95% drop, it will touch a new 52-week low.

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