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Insurance

Avis Budget Group – Consensus Indicates Potential 22.7% Upside

Avis Budget Group with ticker code (CAR) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 309 and 150 calculating the mean target price we have 229.33. Now with the previous closing price of 186.89 this would imply there is a potential upside of 22.7%. The 50 day moving average now sits at 166.53 and the 200 day moving average is 212.76. The market capitalization for the company is $9,088m. Visit the company website at: https://www.avisbudgetgroup.com

The potential market cap would be $11,152m based on the market consensus.

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Avis Budget Group, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, which offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network. The company also operates various other car rental brands, such as Budget, Payless, Apex, Maggiore, MoriniRent, FranceCars, Amicoblue, Turiscar, and ACL Hire. In addition, it offers optional insurance products and coverages, such as supplemental liability, personal accident, personal effects protection, emergency sickness protection, and automobile towing protection and cargo insurance products; fuel service options, roadside assistance services, electronic toll collection services, curbside delivery, tablet rentals, access to satellite radio, portable navigation units, and child safety seat rentals; automobile towing equipment and other moving accessories, such as hand trucks, furniture pads, and moving supplies; and Business Intelligence solution, an online portal for corporate travel. Avis Budget Group operates in approximately 10,400 locations worldwide. The company was formerly known as Cendant Corporation and changed its name to Avis Budget Group in September 2006. Avis Budget Group was founded in 1946 and is headquartered in Parsippany, New Jersey.

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