Hertz tanks 15% after missing big on earnings (HTZ)

Hertz Corp

In a recent note from New Constructs, analysts called the stock "dangerous" and recommended that investors sell it. Price moves in a company's bonds in credit markets often anticipate parallel moves in its stock price. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock worth $224,000 after buying an additional 434 shares in the last quarter. Barclays PLC restated an "equal weight" rating and set a $23.00 price objective (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The stock has dropped -72.25% from its peak and the consensus price target for the stock is $22.57 a share. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) has "Neutral" rating given on Friday, August 26 by Macquarie Research. Volume on the day was 6.71 million shares. However, the company reported revenue in the amount of $1.92 billion. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -9.14% where SMA50 and SMA200 are -20.72% and -51.46% respectively. Hertz Global Holdings, Inc.'s ROE is -1.5%, while industry's is 11.64%.

For the first quarter 2017, Hertz Global Holdings Inc. has reported its total revenues as $1.9 billion, a 3% decline versus first quarter 2016. The Street was anticipating Hertz to post a much smaller loss for the quarter of 91 cents on better sales of $1.94 billion, according to Thomson Reuters. They expect $-0.27 earnings per share, down 42.11% or $0.08 from last year's $-0.19 per share. During the quarter, the company produced a loss of $1.61 per share. Price targets reflect what the analyst believes a stock will be worth four quarters into the future.

The company's shares are down by around 30 per cent this year and fell by around 60 per cent in 2016.

Hertz hit a brick wall in the first quarter. Gamco Investors INC. ET AL raised its stake in shares of Hertz Global Holdings by 50.0% in the first quarter.

Shares of Hertz Global Holdings, Inc. The stock gained 2.53% in total of its share price.

03/22/2016 - Sterne Agee began new coverage on Hertz Global Holdings, Inc giving the company a " rating. On an adjusted basis, Hertz reported a net loss for the first quarter of $134 million, or $1.61 per diluted share, compared with an adjusted net loss of $67 million, or $0.79 per diluted share, for the same period a year ago.

Let's take a look at how the stock has been performing recently. While it's Return on Investment (ROI) value is 0.5%. Hertz Global Holdings, Inc.is based in FL, United States. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & worldwide copyright & trademark laws. Hertz Global has not yet issued any FY17 guidance. Rev of $1.92bn (-3.4% Y/Y) missed CSE of $1.99bn and the Street at $1.94bn, with weakness in both USA (-3.8% Y/Y) and global (-5.1% Y/Y), although primarily attributable to the U.S, which delivered ($104mm) of EBITDA.

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