Jefferies (NYSE:JEF) analyst Hamzah Mazari maintained a Buy rating on Avis Budget (NASDAQ:CAR) on Wednesday, setting a price target of $33, which is approximately 3.22% above the present share price of $31.97.
Mazari expects Avis Budget to post earnings per share (EPS) of -$6.91 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Hold rating of shares in Avis Budget, with an average price target of $31.4.
The analysts price targets range from a high of $40 to a low of $22.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $760 million and a net profit of -$441 million. The company's market cap is $2.19 billion.
According to TipRanks.com, Jefferies analyst Hamzah Mazari is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 6.0% and a 69.32% 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.