Hertz Shareholders In Pain After Q1 Miss

Hertz Corp

Hertz Corp

Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. On average, equities research analysts expect that Hertz Global Holdings, Inc will post $0.66 earnings per share for the current year.

HTZ has been the topic of several recent research reports.

The average true range (ATR) was fashioned to allow traders to more precisely evaluate the daily volatility of an asset by using straightforward calculations. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd.

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The biggest institutional shareholders in Hertz Global Holdings, Inc include Icahn Associates Corp which owns 29 million shares in the company valued at $630.93 million. Barclays PLC restated an "equal weight" rating and issued a $23.00 target price (down previously from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th. For Hertz Global Holdings, Inc. Icahn Carl C raised its stake in shares of Hertz Global Holdings by 126.2% in the fourth quarter.

An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 1.3% against their face value during trading on Wednesday.

The Estero, Florida-based company said it had a loss of $2.69 per share. The stock gained 2.53% in total of its share price. Suntrust Banks Inc. increased its stake in Hertz Global Holdings by 3.5% in the first quarter.

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Want to see what other hedge funds are holding HTZ? Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at $174,000. Hertz Global Holdings has a 52 week low of $14.32 and a 52 week high of $53.14. High growth rates in EPS are more reliable in the case of "matured companies" which has experienced a complete economic cycle of expansion and contraction, through a bear market phase and a bull run. The firm's 50-day moving average is $16.75 and its 200 day moving average is $22.38.

The company posted a quarterly adjusted loss of $1.61 per share, which was wider than the Zacks Consensus Estimate of a loss of $1.00 and also the year-ago loss of 79 cents. The company had Year Ago Sales of 2.31 Billion.

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Hertz' bearish run is mainly attributable to its disappointing past performance, as the company has lagged bottom-line estimates for three consecutive quarters now, thus instilling fears among investors about its future prospects. The difference between the expected and actual EPS was $-0.14/share, which represents an Earnings surprise of -24.6%. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. In this regard, management plans to upgrade fleet quality and mix in the U.S.as well as provide employees with the required tools and training, to offer improved services to customers.

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