Hertz shares skid on wider-than-expected loss
- Author: Wendy Palmer May 10, 2017,
May 10, 2017, 3:07
Hertz Global Holdings, Inc. shares tanked more than 14% late Monday after the auto rental company missed first-quarter expectations. Analysts polled by FactSet had expected the auto rental company to report a loss of 90 cents a share on sales of $1.95 billion.
The company's expected revenue in the current quarter to be 2.26 Billion, seeing a projected current quarter growth of -14.6%, and per annum growth estimates over the next 5 year period of around 85.7%.
Now the shares of Hertz Global Holdings, Inc. 31,372,604 shares of the stock traded hands. The market capitalization of the company is at $1.33 Billion. The firm's 50-day moving average is $16.75 and its 200 day moving average is $22.38. Hertz Global Holdings, Inc has a 52-week low of 14.26 and a 52-week high of 53.14. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & global copyright & trademark laws.
In terms of earnings per share, HTZ produced a big upset. They now have a Dollars 12 price target on the stock. For our stock under consideration here, Hertz Global Holdings, Inc. Following last close company's stock, is 4.28% above their SMA 50 and -0.91% below the 52-week high.
For this year, Hertz Global Holdings, Inc. GSA Capital Partners LLP now owns 17,284 shares of the transportation company's stock worth $373,000 after buying an additional 2,340 shares during the last quarter. Hertz Global Holdings, Inc.is based in FL, United States. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock valued at $117,000 after buying an additional 3,236 shares during the period. Federated Investors Inc. PA raised its position in shares of Hertz Global Holdings by 146.3% in the fourth quarter. Stock dripped -5.36% over the trailing 6 months.
02/17/2017 - Hertz Global Holdings, Inc was downgraded to " by analysts at Credit Suisse.
Beta is also an important valuation ratio for analyzing the stock of the company, HTZ has Beta of 0 while its industry and Sector's beta remains at 0.75 and 0.93 respectively.
Several brokerages have weighed in on HTZ. 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 upgraded shares of Hertz Global Holdings, Inc (NYSE:HTZ) from a sell rating to a hold rating in a research note issued to investors on Monday.
Shares outstanding are recorded as 88.58 M and total shares floated are 83.56 M. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 1.70.
Shares of Hertz are down 14.15% AH to $12.80. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. Hertz Global Holdings has a consensus rating of "Hold" and an average target price of $34.38.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company.