The stock of Hertz Global Holdings, Inc (NYSE:HTZ) is a huge mover today! It is down 6.00% since October 8, 2016 and is uptrending. It has outperformed by 4.04% the S&P500.
The move comes after 8 months positive chart setup for the $2.83 billion company. It was reported on Nov, 7 by Barchart.com. We have $53.65 PT which if reached, will make NYSE:HTZ worth $1.44B more.
Analysts await Hertz Global Holdings, Inc (NYSE:HTZ) to report earnings on November, 14. HTZ’s profit will be $234.97M for 3.01 P/E if the $2.95 EPS becomes a reality. After $0.41 actual earnings per share reported by Hertz Global Holdings, Inc for the previous quarter, Wall Street now forecasts 619.51% EPS growth.
Hertz Global Holdings, Inc (NYSE:HTZ) Ratings Coverage
Out of 8 analysts covering Hertz Global Holdings Inc. (NYSE:HTZ), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. Hertz Global Holdings Inc. has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Credit Suisse downgraded it to “Neutral” rating and $12 target price in Tuesday, April 12 report. On Friday, October 23 the stock rating was downgraded by TheStreet to “Sell”. Sterne Agee CRT initiated the shares of HTZ in a report on Tuesday, March 22 with “Neutral” rating. The firm earned “Sell” rating on Monday, October 24 by Goldman Sachs. The stock has “Buy” rating given by M Partners on Tuesday, November 10. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Buy”. Macquarie Research initiated Hertz Global Holdings, Inc (NYSE:HTZ) on Friday, August 26 with “Neutral” rating. Morgan Stanley downgraded the stock to “Underweight” rating in Thursday, July 23 report. The stock has “Buy” rating given by M Partners on Friday, July 1. The rating was downgraded by TheStreet to “Sell” on Tuesday, July 21.
According to Zacks Investment Research, “Hertz Global Holdings, Inc. operates car rental business. 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 primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States.”
Insitutional Activity: The institutional sentiment decreased to 0.42 in 2016 Q2. Its down 0.79, from 1.21 in 2016Q1. The ratio turned negative, as 136 funds sold all Hertz Global Holdings, Inc shares owned while 77 reduced positions. 29 funds bought stakes while 61 increased positions. They now own 262.25 million shares or 33.32% less from 393.29 million shares in 2016Q1.
Allianz Asset Mgmt Ag accumulated 0% or 11,000 shares. American Grp Inc has invested 0% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ). Wells Fargo Mn has 304,796 shares for 0% of their US portfolio. Quinn Opportunity Prns Ltd Com holds 80,700 shares or 0.35% of its portfolio. The Oklahoma-based Bokf Na has invested 0.02% in Hertz Global Holdings, Inc (NYSE:HTZ). Greenlight Cap owns 3.30M shares or 0.67% of their US portfolio. Merriman Wealth Management Llc holds 0.93% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 297,793 shares. Ibm Retirement Fund owns 36,440 shares or 0.01% of their US portfolio. Point72 Asia (Hong Kong) Limited holds 1.43% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 111,751 shares. Natixis Asset has 132,579 shares for 0.16% of their US portfolio. Deltec Asset Ltd Liability last reported 25,500 shares in the company. Kcg has 0.02% invested in the company for 84,064 shares. Atlantic Tru Group Ltd Liability Corp accumulated 234,705 shares or 0.02% of the stock. First Mercantile Trust has invested 0.02% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ). Old Mutual Customised Solutions (Proprietary) Limited holds 0.09% of its portfolio in Hertz Global Holdings, Inc (NYSE:HTZ) for 31,200 shares.
Insider Transactions: Since May 13, 2016, the stock had 7 insider purchases, and 0 sales for $11.66 million net activity. On Thursday, June 2 the insider Best Tyler bought $451,080. Marren Alexandria Panot bought $98,963 worth of stock or 10,000 shares. Foland Jeffrey T. bought 65,000 shares worth $495,950. Kennedy Thomas C bought $310,400 worth of stock. Another trade for 983,929 shares valued at $9.74M was made by ICAHN CARL C on Thursday, June 2. TAGUE JOHN P bought $517,352 worth of stock or 66,000 shares. Browning James H bought $49,410 worth of stock or 1,500 shares.
More important recent Hertz Global Holdings, Inc (NYSE:HTZ) news were published by: Prnewswire.com which released: “Hertz Global Holdings To Hold Third Quarter 2016 Earnings Webcast” on October 28, 2016, also Prnewswire.com published article titled: “Hertz Global Holdings, Reports Second Quarter 2016 Financial Results”, Prnewswire.com published: “Hertz Global Holdings Announces Pricing of $800 Million Private Offering of …” on September 08, 2016. More interesting news about Hertz Global Holdings, Inc (NYSE:HTZ) was released by: Prnewswire.com and their article: “Hertz Global Holdings Announces Pricing of â‚¬225 Million Private Offering of …” with publication date: September 14, 2016.
HTZ Company Profile
Herc Holdings Inc., incorporated on July 15, 2005, is an equipment rental supplier. The Firm operates approximately 280 branches, of which approximately 270 are in the United States and Canada. The Firm supplies equipment to the markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. The Firm operates through its Herc Rentals Inc. subsidiary.
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