Hertz tanks 15% after missing big on earnings

Losses, adjusted for non-recurring costs, were $1.61 per share.

Revenues fell 3.4% from a year ago to $1.92 billion, also falling short of analysts' view for $1.94 billion. Stock has got OUTPERFORM rating from 3 analysts of Thomson Reuters, 5 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. The business's revenue was down 3.4% compared to the same quarter a year ago. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) has "Neutral" rating given on Tuesday, March 22 by Sterne Agee CRT.

The volume of the particular stock is the shares bought and sold in a single trading day. Sales fell to $1.92 billion, below the Street consensus for $1.95 billion.

The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages. (NYSE: HTZ) posted a new 52-week low of $11.78 on Tuesday, down about 21% compared with Monday's closing price of $14.91. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark legislation.


HTZ reported an extremely weak 1Q, missing consensus estimates by a wide margin. The stock, after opening at $47, hit $48.15 through the close by scoring 6.29%. For our stock under consideration here, Hertz Global Holdings, Inc. The company's shares closed at $14.61 on May 4, the lowest since 2009. GSA Capital Partners LLP raised its position in shares of Hertz Global Holdings by 15.7% in the fourth quarter. We have $13.76 PT which if reached, will make NYSE:HTZ worth $90.30 million less. State Board of Administration of Florida Retirement System now owns 108,257 shares of the transportation company's stock worth $2,334,000 after buying an additional 3,181 shares in the last quarter. It dropped, as 7 investors sold Telenav Inc shares while 26 reduced holdings. The stock now has Monthly Volatility of 4.53% and Weekly Volatility of 6.34%. Suntrust Banks Inc. increased its stake in Hertz Global Holdings by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company's stock valued at $305,000 after buying an additional 5,007 shares during the period.

Several brokerages have weighed in on HTZ. The 52-week range of the share price is from $12.99 - $29.75. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company.

8 number of analysts have estimated the sales of the company for the quarter ending May 8, 2017, analysts estimated mean sale target of 991.09 million while high and low sale targets are estimated at 2727.7 million and 404 million respectively.

The company has been hit harder than other rental firms because its fleet had a lot of compact cars and family sedans, which are out of favor with US drivers.


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