Avis’ shares may double in the next 2 years, said Barron’s in its November 2 edition, as it has a strong management team, and underestimated earnings potential. The car-rental company had reached more than $68 a share in January, but now hovers in the $50 range after a fall in car-rental stocks sparked in part by concerns of potential competition from Uber, the report said.
But with expected solid earnings growth and with a stock trading at a discount to expected per share earnings in 2015 and 2016 for the Standard and Poor’s 500, the number of Avis skeptics on Wall Street is falling, Barron’s said.
The material has been provided by InstaForex Company – www.instaforex.com