Jefferies Stick to Their Buy Rating for Avis Budget By Investing.com

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Jefferies Stick to Their Buy Rating for Avis Budget

Dec 13, 2021 08:35AM ET

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Jefferies (NYSE:JEF) analyst Hamzah Mazari maintained a Buy rating on Avis Budget (NASDAQ:CAR) on Thursday, setting a price target of $333, which is approximately 36.49% above the present share price of $243.98.

Mazari expects Avis Budget to post earnings per share (EPS) of $10.58 for the fourth quarter of 2021.

The current consensus among 6 TipRanks analysts is for a Moderate Sell rating of shares in Avis Budget, with an average price target of $225.83.
The analysts price targets range from a high of $333 to a low of $170.

In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $3 billion and a net profit of $917 million. The company's market cap is $13.77 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 13.2% and a 64.29% 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.

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Comments (1)

Chris Johnson Dec 13, 2021 8:42AM ET

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Nuts... a stock trading at $60 before covid... now up 300%? Because of a temporary hike in used car prices and car rental prices... let's see how 2022 will look for AVIS. Remember we are not talking about a business that all of a sudden should be priced as a tech company.

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