ValuEngine Comments on Dollar Thrifty Valuation

ValuEngine has published a research report on Dollar Thrifty (NYSE: DTG).

In the report, ValuEngine wrote, "Based on available data as of Jul. 25, 2011, we believe that DTG should be trading at $60.78. This makes DTG 21.08% overvalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For DTG, we base this on actual earnings per share (EPS) for the previous four quarters of $3.83, forecasted EPS for the next four quarters of $4.76, and correlations to the 30- year Treasury bond yield of 4.32%. There are an additional 10 firm specific and interest rate related parameters, each playing a role in the valuation analysis."

ValuEngine rated Dollar Thrifty an Outperform with a price target of $77.36. Dollar Perform closed Friday at $73.59.