Will Hertz (HTZ) Lose More Ground Post the Q1 Debacle?

Ashley Carr
May 10, 2017

A beta of 1.0 indicates that the stock's price will move in lock-step with the market.

An uptick in leased new cars in recent years has left the used-car market oversupplied, said Karl Brauer, an analyst with Kelley Blue Book. Deutsche Bank AG restated a "hold" rating and set a $24.00 price objective on shares of Hertz Global Holdings in a research report on Wednesday, March 1st. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. Commerzbank Aktiengesellschaft FI now owns 138,964 shares of the transportation company's stock worth $2,996,000 after buying an additional 103,516 shares during the last quarter.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Hertz Global Holdings, Inc (HTZ) stands at 1.3 while the industry's and the sector's growth for next 5 years ticked at 4.06 and 7.23 respectively.

These are 2 Sell Ratings, 5 Hold Ratings, 1 Buy Rating.

On the last trading day, Hertz Global Holdings, Inc.

The volume of the particular stock is the shares bought and sold in a single trading day. The company's market capitalization is $1.25 billion with the total outstanding shares of 83.71 million.

The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages.

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Investors and Traders continue to monitor technical levels of shares of Hertz Global Holdings, Inc.

Hertz Global Holdings Inc. lost nearly twice as much as expected in the chief executive officer's first quarter at the helm, sending the shares tumbling in extended trading.

After Monday's close, the company reported a much wider-than-expected adjusted EPS of $0.70 along with a $70 million sales miss. For the outlook of the current financial quarter, Analysts think the firm will post -1.00 earnings per share. 2,322,237 shares of the company traded hands. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Hertz Global Holdings during the first quarter valued at approximately $238,000. Institutional investors and hedge funds own 91.26% of the company's stock. Hertz Global Holdings, Inc (NYSE:HTZ) has declined 62.79% since September 27, 2016 and is downtrending.

03/22/2016 - Sterne Agee began new coverage on Hertz Global Holdings, Inc giving the company a " rating.

The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year earlier. Federated Investors Inc. PA increased its stake in Hertz Global Holdings by 146.3% in the fourth quarter. If we take a look at back 3 month ago, consensus EPS estimate was $-0.48. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company's stock worth $305,000 after buying an additional 5,007 shares in the last quarter.

Hertz Global's consolidated first-lien leverage ratio at 1Q was ~2.73x by Credit Suisse's estimate (ticking up ~.3x since 12/31), vs. the 3.25x max under the company's first lien covenant. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & global copyright & trademark laws.

03/03/2016 - Hertz Global Holdings, Inc had its " rating reiterated by analysts at JP Morgan. (HTZ) now has a value of $14.98 while the company's 52 week low is at $14.32, the shares dropped to the 52 week low on 05/04/17. It operates through four segments: U.S.

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