Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Services sector lower today making it today's featured Services laggard. The sector as a whole closed the day up 0.7%. By the end of trading, Avis Budget Group fell $2.06 (-6.8%) to $28.04 on heavy volume. Throughout the day, 9,138,562 shares of Avis Budget Group exchanged hands as compared to its average daily volume of 1,441,700 shares. The stock ranged in price between $27.27-$29.83 after having opened the day at $28.35 as compared to the previous trading day's close of $30.10. Other companies within the Services sector that declined today were:
), down 20.4%,
), down 16.1%,
), down 9.8% and
), down 9.5%.
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Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, and ancillary services to businesses and consumers worldwide. Avis Budget Group has a market cap of $3.2 billion and is part of the diversified services industry. Shares are up 51.5% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Avis Budget Group a buy, 1 analyst rates it a sell, and 1 rates it a hold.
TheStreet Ratings rates
Avis Budget Group
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Avis Budget Group Ratings Report.
On the positive front,
), up 94.4%,
), up 50.9%,
), up 36.2% and
), up 17.4% , were all gainers within the services sector with
) being today's featured services sector leader.
- Use our services section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider
) while those bearish on the services sector could consider
- Find other investment ideas from our top rated ETFs lists.