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Analysts'
Recommendation: | Hold | | 30 Days Ago: | Hold |
| | Analysts' Target: | $8 | | Analysts' Targets | | UBS Securities | $7 | | Neutral | Thursday, July 03, 2008
| | Lehman Brothers | $10 | | Overweight | Wednesday, July 02, 2008
| Avis Budget Group, Inc. provides car and truck rentals, and ancillary services to businesses and consumers in the United States and internationally. The company supplies rental cars to the premium commercial and leisure segments of the travel industry under the Avis brand name; and to the price-conscious segments of the industry under the Budget brand name. It also provides Avis Preferred, a counter bypass program; Where2, a GPS navigation system with real-time traffic alerts; Avis Cool Cars, a line of fun-to-drive vehicles; Roving Rapid Return, a wireless technology, which permits customers to obtain a printed charge record from service agents; Avis Cares, a program that provides customers with area-specific driver safety information, local information, and driving maps; Avis Access, a program for drivers and passengers with disabilities; Avis Interactive, a management tool that allows corporate clients to view and analyze their rental activity via Internet through account analysis and activity reports; Avis First Program, a customer loyalty program that rewards customers with additional benefits for frequent rentals; and Chauffeur Drive, a service, which allows customers to hire a professional driver to drive their Avis rental car. In addition, the company primarily offers Fastbreak, an expedited rental service for frequent travelers; Budget Small Business Program, a program for small businesses that offers discounted rates and central billing options; and Unlimited Budget, a loyalty program for travel professionals. Further, it engages in the sale and rental of supplemental equipment, loss damage waivers, additional/supplemental liability insurance, personal accident/effects insurance, fuel service options, fuel service charges, and electronic toll collection. The company was founded in 1946. It was formerly known as Cendant Corporation and changed its name to Avis Budget Group, Inc. in 2006. The company is headquartered in Parsippany, New Jersey.
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CAR:
This call was made
on 07/18/08
@ $5.87
| Rating: |
$5.87 (07/18/08)
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| Gain/Loss: |
+78.19%
in
480 days
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| Target: |
$10.00
(+70.36%)
in > one year
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| Allocation: |
0.0% of portfolio
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