Published: Wed, May 10, 2017
Business | By Pat Ferguson

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


Pacad Investment Ltd. increased its stake in shares of Hertz Global Holdings by 75.1% in the fourth quarter.

On 12/15/2016 Michael J. Durham, Director, sold 125 with an average share price of $23.06 per share and the total transaction amounting to $2,882.50. State Board of Administration of Florida Retirement System now owns 108,257 shares of the transportation company's stock worth $2,334,000 after buying an additional 3,181 shares during the last quarter. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.54) by $0.17.

Brokerage houses, on average, are recommending investors to buy Idera Pharmaceuticals, Inc. PA raised its stake in shares of Hertz Global Holdings by 146.3% in the fourth quarter. The stock has a 1-year performance up 42.93% and negative at -4.84% in last five trading sessions.

Insiders own 0.20% of the company shares. For the next 5 years, Hertz Global Holdings, Inc.is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. (HTZ) 52 week low value is at $14.32 and its current distance from 52 week low value is 4.12%. Shares had ended the regular trading day down 0.5%. A low P/S can also be effective in valuing growth stocks that have suffered a temporary setback. The company's 50 day moving average price is $16.75 and its 200-day moving average price is $22.38. Hertz Global Holdings, Inc.'s ROE is -1.5%, while industry's is 11.64%.

Hertz Global Holdings, Inc (NYSE:HTZ) revealed a loss per share of $1.61 for the first quarter, which was wider than the Street expectations of a loss of 91 cents a share. The analyst recommendations from a month ago are 2 Buy, 0 Overweight, 2 Sell, 6 Hold and 0 Underweight.

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.

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Large investors have recently bought and sold shares of the stock.

Currently, EPS of Hertz Global Holdings, Inc. Morgan Stanley lowered their target price on Hertz Global Holdings from $30.00 to $20.00 and set an "equal weight" rating for the company in a report on Tuesday, February 28th. Finally, Deutsche Bank AG restated a "hold" rating and issued a $24.00 target price on shares of Hertz Global Holdings in a research note on Wednesday, March 1st.

Hertz shares have dropped 31 percent since the beginning of the year. Hertz Global Holdings presently has an average rating of "Hold" and an average target price of $35.38. These holdings make up 99.76% of the company's outstanding shares.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Hertz Global Holdings, Inc (HTZ) stands at 1.3 while the industry's and the sector's growth for next 5 years ticked at 4.06 and 7.23 respectively.

Hertz reports under U.S. Rental Car (U.S. RAC), International Rental Car (International RAC) and All Other Operations segments. The original version of this story can be viewed at https://baseballnewssource.com/markets/hertz-global-holdings-inc-htz-receives-32-44-consensus-pt-from-brokerages-updated-updated/584658.html.

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