Breaking: Hertz Global Holdings Inc Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

Breaking: Hertz Global Holdings Inc Can't Burn Your Long Portfolio. Just Reaches 52 Week High

The stock of Hertz Global Holdings Inc (NYSE:HRI) hit a new 52-week high and has $42.76 target or 5.00% above today’s $40.72 share price. The 6 months bullish chart indicates low risk for the $1.20 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $42.76 price target is reached, the company will be worth $60.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 467,160 shares traded hands. Hertz Global Holdings Inc (NYSE:HRI) has risen 41.98% since April 28, 2016 and is uptrending. It has outperformed by 36.05% the S&P500.

Analysts await Hertz Global Holdings Inc (NYSE:HRI) to report earnings on March, 6. They expect $0.02 EPS, down 97.33% or $0.73 from last year’s $0.75 per share. HRI’s profit will be $589,391 for 509.00 P/E if the $0.02 EPS becomes a reality. After $0.11 actual EPS reported by Hertz Global Holdings Inc for the previous quarter, Wall Street now forecasts -81.82% negative EPS growth.

Hertz Global Holdings Inc (NYSE:HRI) Ratings Coverage

Out of 2 analysts covering Herc Holdings Inc. Common Stock (NYSE:HRI), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Herc Holdings Inc. Common Stock has been the topic of 2 analyst reports since July 6, 2016 according to StockzIntelligence Inc. The company was initiated on Wednesday, July 6 by KeyBanc Capital Markets. The firm has “Hold” rating by Jefferies given on Tuesday, November 29.

According to Zacks Investment Research, “Herc Holdings, Inc. through its subsidiary Herc Rentals Inc. provides equipment rental suppliers primarily in North America. The company is a full-line equipment-rental supplier in 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 equipment rental business is supported by ProSolutions (Tm). Herc Holdings Inc., formerly known as Hertz Global Holdings, Inc., is based in Bonita Springs, United States.”

More news for Hertz Global Holdings Inc (NYSE:HRI) were recently published by: Bloomberg.com, which released: “Hertz’s Shares Tumble 23% After Profit Misses Estimates” on November 08, 2016. Prnewswire.com‘s article titled: “Hertz Renews Global Partnership With Relais & Chateaux” and published on November 03, 2016 is yet another important article.

HRI Company Profile

Hertz Global Holdings, Inc., formerly Hertz Rental Car Holding Company, Inc., operates car rental business. The Firm operates the Hertz, Dollar, Thrifty and Firefly car rental brands in approximately 9,980 corporate and licensee locations throughout approximately 150 countries in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment