Are Analysts Bullish Avis Budget Group Inc. (NASDAQ:CAR) After Last Week?

Out of 9 analysts covering Avis Budget (NASDAQ:CAR), 5 rate it “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. Avis Budget was the topic in 6 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Below is a list of Avis Budget Group Inc. (NASDAQ:CAR) latest ratings and price target changes.

07/01/2016 Broker: JP Morgan Rating: Old Target: $49.00 New Target: $42.00 Target Down
14/12/2015 Broker: M Partners Rating: Buy Old Target: $70.0 New Target: $63.0 Maintain
16/11/2015 Broker: Barclays Capital Rating: Equal Weight Old Target: $51 New Target: $48 Maintain
04/11/2015 Broker: Credit Suisse Rating: Outperform Old Target: $55.00 New Target: $54.00 Target Down
04/11/2015 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $55.00 New Target: $49.00 Downgrade

About 1.19M shares traded hands. Avis Budget Group Inc. (NASDAQ:CAR) has declined 30.34% since July 14, 2015 and is downtrending. It has underperformed by 21.70% the S&P500.

Avis Budget Group Inc. is a provider of vehicle rental and car sharing services. The company has a market cap of $3.10 billion. The Firm operates three brands, which include Avis, Budget and Zipcar. It has 8.89 P/E ratio. Avis is a rental car supplier and Budget is a rental vehicle supplier.

The institutional sentiment decreased to 0.79 in Q3 2015. Its down 0.24, from 1.03 in 2015Q2. The ratio worsened, as 62 funds sold all Avis Budget Group Inc. shares owned while 77 reduced positions. 30 funds bought stakes while 80 increased positions. They now own 121.10 million shares or 9.57% more from 110.51 million shares in 2015Q2.

Srs Investment Management Llc holds 13.76% of its portfolio in Avis Budget Group Inc. for 9.50 million shares. Marcato Capital Management Lp owns 5.72 million shares or 12.53% of their US portfolio. Moreover, Tiger Veda Management Llc has 8.93% invested in the company for 342,778 shares. The California-based Mountain Lake Investment Management Llc has invested 7.79% in the stock. T2 Partners Management Lp, a New York-based fund reported 73,491 shares.

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