Following U.S. election volatility some analysts have updated their recommended target prices on shares of Hertz Global Holdings, Inc (NYSE:HTZ). Commerzbank Aktiengesellschaft FI now owns 138,964 shares of the transportation company's stock worth $2,996,000 after buying an additional 103,516 shares during the last quarter. Barclays PLC reissued an equal weight rating and set a $23.00 target price (down from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.
Shares of Hertz are down 14.15% AH to $12.80.
These are 2 Sell Ratings, 5 Hold Ratings, 1 Buy Rating. The company now has a consensus rating of "Hold" and an average target price of $34.38.
Hertz Global Holdings (NYSE:HTZ) opened at 14.98 on Tuesday. Volume of around 46 million shares was about 6 times the daily average of around 7.8 million.
Over the past 50 days, Hertz Global Holdings, Inc. stock's -38.30% off of the high and 4.61% removed from the low. The company has a 50 day moving average price of $16.75 and a 200 day moving average price of $22.38. They just need to take the company's market capitalization and divide it by the company's total sales over the past 12 months.
Hertz Global Holdings, the parent company of Hertz auto rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts. The firm earned $2.01 billion during the quarter, compared to analyst estimates of $2.04 billion. In the trailing twelve months, gross profit margin was 44.40% and net profit margin of the company was 3.20%. The decline in the International RAC revenues reflect a tougher year-over-year comparison due to the additional Leap day in 2016, the Easter shift to second quarter in 2017, in addition to the termination of certain contracts in the third quarter of 2016. The consensus recommendation for stock is 2.90. If you are reading this story on another site, it was stolen and republished in violation of United States and worldwide copyright and trademark legislation.
In terms of earnings per share, HTZ produced a big upset.
Several institutional investors have recently made changes to their positions in HTZ.
As mentioned above, Hertz Global is having an overwhelmingly rough day in the market today after reporting earnings for the first quarter. On an adjusted basis, Hertz reported a net loss for the first quarter of $134 million, or $1.61 per diluted share, compared with an adjusted net loss of $67 million, or $0.79 per diluted share, for the same period previous year.
Hertz Global's consolidated first-lien leverage ratio at 1Q was ~2.73x by Credit Suisse's estimate (ticking up ~.3x since 12/31), vs. the 3.25x max under the company's first lien covenant. Institutional investors and hedge funds own 91.26% of the company's stock. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share. UBS Asset Management Americas Inc. boosted its stake in Hertz Global Holdings by 52.2% in the first quarter. Hertz continued its fleet optimization plan by selling 21% more vehicles year-over-year, according to the company. It operates through four segments: U.S.