The company's product and services consists of Hertz Gold Plus Rewards, NeverLost (R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates over 9,980 corporate and franchisee locations in North America, Europe, Asia, Australia, the Middle East and New Zealand. Also, the stock has seen solid positive estimate revisions in the last seven days.
The stock fell 14 per cent yesterday to US$12.80, the lowest closing price since March 2009, after earlier tumbling as much as 21 per cent. EPS long term mean growth rate estimated by 2 analysts is at 4.2%, whereas, the high and low Long term growth rate estimated at 13 and -4.6. Lower resale values and a fleet comprising too many. The 52-week range of the share price is from $12.99 - $29.75. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock has dropped -72.25% from its peak and the consensus price target for the stock is $22.57 a share.
Hertz Global Holdings, Inc (HTZ) now has P/E (Price to Earnings) ratio of 0 while the company's industry has 15.02 P/E and the sector P/E is 25.02.
The SMA or Simple Moving Averages are commonly available for 20 Day, 50 Day and 200 Day Simple Moving Averages. Hertz Global Holdings has a 52-week low of $14.32 and a 52-week high of $53.14. The company has market cap of $1.17 billion.
Total revenues for the first quarter were $1.9 billion, a 3% decline versus the first quarter of 2016.
On the close of 05/08/2017 Hertz Global Holdings, Inc. Analysts mean Recommendation on a stock is scored at 2.90. If you are reading this piece on another publication, it was copied illegally and republished in violation of US & global copyright & trademark laws. The correct version of this piece of content can be accessed at [[permalink]].
Large investors have recently bought and sold shares of the stock.
Hertz hit a brick wall in the first quarter. Credit Suisse Group AG downgraded shares of Hertz Global Holdings from a "neutral" rating to an "underperform" rating and cut their target price for the company from $27.00 to $15.00 in a research note on Friday, February 17th. The Estero, Florida-based rental-car company reported an adjusted loss of $1.61 per share, far exceeding the average estimate for a loss of 84 cents. Institutional investors and hedge funds own 91.26% of the company's stock. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock worth $59,392,000 after buying an additional 1,127,957 shares during the last quarter. Currently 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, which shares space with Avis Budget Group, Inc. More and more customers want to rent SUVs instead of the dinky cars usually associated with rental fleets, so Hertz has been selling off its sedans and compact economy cars in order to add more SUVs to the fleet.
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 USA drivers.