Hertz Global Holdings, Inc (NASDAQ:HTZ) To Release Earnings

Brittany BishopMay 10, 2017

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. Revenue was also affected by the shift of the Easter holiday into the second quarter this year. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) has "Neutral" rating given on Tuesday, March 22 by Sterne Agee CRT. The company had a trading volume of 26,239,166 shares. (HTZ)'s latest closing price distance was -49.87% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -18.16% and -6.81% compared with the 20 Day Moving Average. The stock's market capitalization is $1.21 billion.

Hertz Global Holdings, Inc (NYSE:HTZ) lost -11.13% to $13.26 in the current trading session.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of US and global trademark & copyright laws. After $-0.71 actual EPS reported by Hertz Global Holdings, Inc for the previous quarter, Wall Street now forecasts 32.39% negative EPS growth.

HTZ reported an extremely weak 1Q, missing consensus estimates by a wide margin. The company's shares closed at $14.61 on May 4, the lowest since 2009. Hertz Global Holdings, Inc. has 5 buy ratings, 5 holds and 0 sells even after the stock tumbled -71.81% from its high of $53.14 to a $1.32 billion market value through last close.

Hertz Global Holdings, Inc (NYSE:HTZ) has been given a $16.00 price target by Deutsche Bank AG in a research report issued on Tuesday. Barclays PLC reaffirmed an "equal weight" rating and issued a $23.00 price target (down previously from $31.00) on shares of Hertz Global Holdings in a report on Friday, February 24th.

Shares of Hertz are down 14.15% AH to $12.80. 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.

Large investors have recently bought and sold shares of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Hertz Global Holdings during the fourth quarter worth $265,000. The company's shares were down 15.2 percent at $12.64 in extended trading on Monday.

Yet another important factor while evaluating a good buy/sell decision for Hertz Global Holdings, Inc. The stock gained 2.53% in total of its share price. The company reported an adjusted first-quarter net loss of $1.61 a share on sales of $1.92 billion, compared with an adjusted net loss of $67 million, or 79 cents a share, for the same period past year. In our current pick, Hertz Global Holdings, Inc. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock worth $117,000 after buying an additional 3,236 shares in the last quarter. While it's Return on Investment (ROI) value is 0.5%. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Hertz Global Holdings during the first quarter valued at approximately $238,000. (HTZ) now has a value of $14.98 while the company's 52 week low is at $14.32, the shares dropped to the 52 week low on 05/04/17.

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