Hertz Shareholders In Pain After Q1 Miss
- Author: Rita Burton May 10, 2017,
May 10, 2017, 3:06
Deutsche Bank AG's price target suggests a potential upside of 7.31% from the stock's current price. Zacks Investment Research upgraded shares of Hertz Global Holdings from a "sell" rating to a "hold" rating in a research note on Monday, May 1st.
While looking at the Stock's Performance, Hertz Global Holdings, Inc. now shows a Weekly Performance of -15.84%, where Monthly Performance is -6.35%, Quarterly performance is -29.42%, 6 Months performance is -55.54% and yearly performance percentage is 0%. Finally, Barclays PLC restated an "equal weight" rating and issued a $23.00 target price (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th.
Although Hertz did make a 6% increase from $144m in revenues of Q1 2016 to $152m in Q1 of 2017 for all of their other operations, this was minutia compared to the losses that may have shocked their stocks prices toward a downward trajectory. MKM Partners reiterated a buy rating and issued a $29.00 price target (down from $33.00) on shares of Hertz Global Holdings in a research report on Sunday, March 19th.
Among 6 analysts covering Corium International (NASDAQ:CORI), 5 have Buy rating, 0 Sell and 1 Hold. The company presently has a consensus rating of "Hold" and an average target price of $34.38.
Over the past five trading sessions shares of The Mosaic Company (NYSE:MOS) are -12.39%; -19.36% for the month; -25.86% for the last quarter; -0.67% for the past six-months; and -5.83% for the last 12 months.The current price is staying below the SMA lines which signify weakens and is generally unhealthy/negative and may provide the momentum for driving the share price lower.More news: Top I-T man, 5 others held in graft case
The volume of the particular stock is the shares bought and sold in a single trading day. A close around such levels would be the lowest for Hertz stock since March 2009, and it would notch a new 52-week low for the shares. The stock has a 50 day moving average of $16.98 and a 200 day moving average of $22.52. The company's market capitalization is $1.25 billion with the total outstanding shares of 83.71 million.
For the U.S., Hertz's total RAC revenues were $1.4 billion in Q1, a decrease of 4% from a year ago. In the trailing twelve months, gross profit margin was 44.40% and net profit margin of the company was 3.20%.
An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 1.3% against their face value during trading on Wednesday. If you are accessing this story on another site, it was copied illegally and reposted in violation of US and global copyright & trademark law. The original version of this piece of content can be viewed at https://www.themarketsdaily.com/2017/05/09/hertz-global-holdings-inc-htz-announces-quarterly-earnings-results.html.
For this year, Hertz Global Holdings, Inc. Gabelli Funds LLC now owns 2,031,000 shares of the transportation company's stock worth $35,624,000 after buying an additional 315,537 shares during the last quarter.
According to Zacks, "Hertz Global Holdings, Inc. operates vehicle rental business". Karp Capital Management Corp purchased a new position in shares of Hertz Global Holdings during the first quarter valued at approximately $211,000. The number of shares now owned by investors are 355.67 mln. PA raised its stake in shares of Hertz Global Holdings by 146.3% in the fourth quarter. (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.