Avis Budget Group profit, revenue decline


Avis Budget Group profit, revenue decline

Latest closing price was 2.01% above its 50-day moving average and 10.40% above its 200-day moving average. The fiscal year 2016 current estimate trend was for $2.95 as compared to FY 2017 current Estimate trends of $3.44.

It was a rough end to the year for Avis Budget Group Inc.

A number of equities research analysts recently commented on vehicle shares. Finally, Goldman Sachs Group, Inc.

Excluding certain items, Avis reported earnings fell to 15 cents a share from 18 cents. In a transaction dated November 18, 2016, the shares were put up for sale at an average price of $38.56, raking in a sum of $771,200. The median one-year price target of 8 analysts covering the company is $45.00, which suggests the stock could still rise over 10 percent.

Many research firms have provided their ratings on Avis Budget Group, Inc.

During last 3 month it remained at 1.00%. The stock gained a consensus recommendation of 2.5 on Zacks Investment Research where the scale runs from 1 to 5, 1 representing Strong buy and 5 showing Strong Sell. To sum up all these views, TGT attains Hold consensus rating in current rating pool. Also, insider Ronald L. Nelson sold 150,000 shares of the firm's stock in a transaction on Thursday, December 1st. After this sale, 149,061 common shares of vehicle are directly owned by the insider, with total stake valued at $6,060,820. Following the sale, the insider now owns 737,974 shares in the company, valued at $28,780,986. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The shares were sold at an average price of $39.05, for a total transaction of $95,242.95. Following the transaction, the Executive Chairman is left with a stake of 610,046 shares, now valued at $24804470.

Institutional investors have recently bought and sold shares of the company.

General Company Details For Avis Budget Group Inc. BlackRock Advisors LLC increased its position in Avis Budget Group by 0.9% in the third quarter. Weiss Asset Management LP purchased a new stake in Avis Budget Group during the third quarter worth approximately $230,000. The Zacks Research consensus estimate prior to earnings was $2.34. Morgan Stanley now owns 7,543,319 shares of the company's stock valued at $258,056,000 after buying an additional 196,981 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in Avis Budget Group by 7.2% in the second quarter. To measure price-variation, we found CAR's volatility during a week at 3.53% and during a month it has been found around 3.18%. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of US and worldwide copyright and trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2017/02/17/avis-budget-group-inc-car-releases-earnings-results-misses-expectations-by-0-02-eps.html.

Avis Budget Group Inc is a provider of vehicle rental and auto sharing services. The Company operates three brands, which include Avis, Budget and Zipcar.