Deutsche Bank (DE:DBKGn) analyst Chris Woronka maintained a Hold rating on Avis Budget (NASDAQ:CAR) on Tuesday, setting a price target of $16, which is approximately 15.11% above the present share price of $13.9.
Woronka expects Avis Budget to post earnings per share (EPS) of $0 for the second quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Sell rating of shares in Avis Budget, with an average price target of $13.33.
The analysts price targets range from a high of $18 to a low of $7.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $1.75 billion and a net profit of -$95 million. The company's market cap is $971.51 million.
According to TipRanks.com, Deutsche Bank analyst Chris Woronka 's ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -13.2% and a 33.5% success rate.
Avis Budget Group, Inc. engages in the provision of vehicle sharing and rental services. It operates through the Americas and International segments. The Americas segment licenses the company's brands to third parties for vehicle rentals and and ancillary products and services in North America, South America, Central America, and the Caribbean. The International segment leases out vehicles in Europe, the Middle East, Africa, Asia, and Australasia. The company was founded by Warren E. Avis in 1946 and is headquartered in Parsippany, NJ.