Avis Budget (CAR) shares jumped Thursday, after Bank of America upgraded the car rental stalwart to buy from neutral.
“Many of the macro factors driving ‘over-earning’ by the company in 2021 will likely persist well into 2022,” BofA analysts wrote in a commentary.
That includes “limited incoming vehicle supply and tight average fleet, elevated revenue per day from the ongoing supply/demand imbalance and moderated per unit fleet cost from elevated used vehicle pricing.”
So: “Combined with ongoing execution by Avis, this should result in upward revisions to 2022 and beyond estimates that do not appear appreciated by the stock,” the analysts said.
The investment firm has a target price of $125 for Parsippany, N.J.-based Avis, up from $90.
Hot Bank Stocks To Invest In 2023: Astronics Corporation(ATRO)
Astronics Corporation, through its subsidiaries, designs and manufactures products for the aerospace and defense industries worldwide. It operates in two segments, Aerospace and Test Systems. The Aerospace segment?s product lines include aircraft lighting, cabin electronics, airframe power, avionics databus products, and airfield lighting. This segment serves airframe manufacturers that build aircraft for the commercial, military, and general aviation markets; suppliers; and aircraft operators, such as airlines and branches of the U.S. Department of Defense, as well as the Federal Aviation Administration and airport operators. The Test Systems segment designs, develops, manufactures, and maintains communications and weapons test systems, and training and simulation devices for military applications. It sells its products primarily to the U.S. military, foreign militaries, and manufacturers of military communication systems. The company was founded in 1968 and is headquart ered in East Aurora, New York.
Advisors’ Opinion:
- [By Joseph Griffin]
Astronics Co. (NASDAQ:ATRO) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $41.67.
- [By Max Byerly]
Carillon Tower Advisers Inc. bought a new stake in Astronics Co. (NASDAQ:ATRO) in the 1st quarter, Holdings Channel reports. The firm bought 100,125 shares of the aerospace company’s stock, valued at approximately $3,734,000.
- [By Joseph Griffin]
Astronics (NASDAQ: ATRO) and TransDigm Group (NYSE:TDG) are both aerospace companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, dividends, profitability, risk, valuation and analyst recommendations.
- [By Ethan Ryder]
Astronics (NASDAQ: ATRO) and Ducommun (NYSE:DCO) are both small-cap aerospace companies, but which is the better investment? We will compare the two businesses based on the strength of their dividends, risk, earnings, profitability, institutional ownership, valuation and analyst recommendations.
Hot Bank Stocks To Invest In 2023: National Oilwell Varco, Inc.(NOV)
National Oilwell Varco, Inc. designs, manufactures, and sells equipment and components used in oil and gas drilling, completion, and production; and provides oilfield services to the upstream oil and gas industry worldwide. The companys Rig Systems segment offers land rigs; offshore drilling equipment packages; and drilling rig components. This segment provides substructures, derricks, and masts; cranes; pipe lifting, racking, rotating, and assembly systems; fluid transfer technologies, such as mud pumps; pressure control equipment, such as blowout preventers; power transmission systems, such as drives and generators; and rig instrumentation and control systems. Its Rig Aftermarket segment offers spare parts; and repair and rental services, as well as technical support, field and first well support, field engineering, and customer training services. The companys Wellbore Technologies segment designs, manufactures, rents, and sells various equipment and technologies used to perform drilling operations. This segment also provides solids control and waste management equipment and services, drilling fluids, drill pipes, wired pipes, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. Its Completion and Production Solutions segment offers equipment and technologies for hydraulic fracture stimulation, such as pressure pumping trucks and pumps, blenders, sanders, hydration units, injection units, flowlines, manifolds, and wellheads; well intervention, including coiled tubing units, coiled tubing, and wireline units and tools; offshore production, including composite pipe, process equipment, floating production systems, and subsea production technologies; and onshore production, including surface transfer and progressive cavity pumps, positive displacement reciprocating pumps, pressure vessels, and artificial lift systems. The company was founded in 1862 and is headquartered in Houston, Texas.
