At the time of writing, Avis Budget Group Inc [CAR] stock is trading at $91.30, up 1.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAR shares have gain 6.51% over the last week, with a monthly amount glided 9.37%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Avis Budget Group Inc [NASDAQ: CAR] stock has seen the most recent analyst activity on November 18, 2024, when Northcoast downgraded its rating to a Neutral. Previously, Barclays started tracking the stock with Equal Weight rating on September 19, 2024, and set its price target to $105. On April 04, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $130 on the stock. Northcoast upgraded its rating to a Buy but stick to its price target of $155 on March 25, 2024. BofA Securities initiated its recommendation with a Buy and recommended $170 as its price target on March 19, 2024. Deutsche Bank upgraded its rating to Buy for this stock on January 25, 2024, and upped its price target to $248. In a note dated July 20, 2023, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $263.
For the past year, the stock price of Avis Budget Group Inc fluctuated between $65.73 and $176.79. Currently, Wall Street analysts expect the stock to reach $105 within the next 12 months. Avis Budget Group Inc [NASDAQ: CAR] shares were valued at $91.30 at the most recent close of the market. An investor can expect a potential return of 15.01% based on the average CAR price forecast.
Analyzing the CAR fundamentals
According to Avis Budget Group Inc [NASDAQ:CAR], the company’s sales were 11.84B for trailing twelve months, which represents an -2.36% plunge. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.15%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is -0.99 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-112.74.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 89.57 points at the first support level, and at 87.85 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.45, and for the 2nd resistance point, it is at 93.61.
Ratios To Look Out For
It is important to note that Avis Budget Group Inc [NASDAQ:CAR] has a current ratio of 0.70. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.27 and price to earnings (TTM) ratio is 8.34.
