10 May, 2017
The Market Capitalization of the company stands at 1.29 Billion.
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. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. MKM Partners reiterated a buy rating and issued a $29.00 price target (down from $33.00) on shares of Hertz Global Holdings in a research report on Sunday, March 19th. 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. (NYSE:HTZ) now have an ABR of 3.00.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell.
Hertz Global Holdings, Inc. closed its last trading session at $15.46 with the loss of -5.5%. Volume on the day was 6.71 million shares. The company had Year Ago Sales of 2.31 Billion. The company has a 50 day moving average price of $16.75 and a 200 day moving average price of $22.38. Hertz Global Holdings has a 52-week low of $14.32 and a 52-week high of $53.14.
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been assigned an average rating of "Hold" from the ten brokerages that are covering the company.
In terms of earnings per share, 10 analysts have a 0.25 EPS mean target for the quarter ending Jun-17, for the quarter ending Sep-17, 10 analysts have a 1.23 EPS mean target and for the quarter ending Sep-17 there are 12 estimates of 2.22 EPS. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted ($0.79) earnings per share. It has also faced increasing competition from ride-share companies like Uber and Lyft. In the past three months the stock value plunged -27.76%.
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Hedge funds have recently bought and sold shares of the company.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. It dropped, as 7 investors sold Telenav Inc shares while 26 reduced holdings.
For this year, Hertz Global Holdings, Inc.
03/22/2016 - Sterne Agee began new coverage on Hertz Global Holdings, Inc giving the company a " rating. Adjusted for one-time items, the company reported a net loss of $134 million, or $1.61 a share, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period past year. 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. Finally, Pictet Asset Management Ltd. acquired a new stake in Hertz Global Holdings during the first quarter worth about $6,789,000. (NYSE:HTZ) net profit margin is -5.60%. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark legislation. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations.