Published: Wed, May 10, 2017
Markets | By Erika Turner

Will Hertz (HTZ) Lose More Ground Post the Q1 Debacle?

Will Hertz (HTZ) Lose More Ground Post the Q1 Debacle?

Analyst Recommendation is an outlook of a stock-market analyst on a stock.

A current consensus EPS estimate for next quarter is at $0.38 and 3 month ago EPS forecast was $0.74.

Sell-side analyst recommendations point to a short term price target of $21.44 on the shares of Hertz Global Holdings, Inc. Credit Suisse Group AG downgraded shares of Hertz Global Holdings from a "neutral" rating to an "underperform" rating and cut their target price for the company from $27.00 to $15.00 in a research note on Friday, February 17th.

Here are four stocks trading with relatively heavy volume among 83 equities making new 52-week lows in Tuesday's session.

Among 3 analysts covering Telenav (NASDAQ:TNAV), 2 have Buy rating, 0 Sell and 1 Hold. (NYSE:HTZ), 1 have Buy rating, 3 Sell and 6 Hold. Shares had ended the regular trading day down 0.5%.

If we look at stock performance in last active day trading, we see that stock has moved slumped -1.05% to end the day at $102.77. 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. (HTZ)'s latest closing price distance was -49.87% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at -18.16% and -6.81% compared with the 20 Day Moving Average. The transportation company reported ($1.61) earnings per share for the quarter, missing the consensus estimate of ($1.00) by $0.61. The stock spiked 16.59% last month and is down -12.77 this year. Also, revenues were hurt by Easter holiday shifting into the second quarter this year.

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Currently, EPS of Hertz Global Holdings, Inc. If you are reading this piece of content on another publication, it was copied illegally and reposted in violation of USA and worldwide trademark & copyright laws. (HTZ) is its Earnings per Share or EPS. Icahn Carl C raised its stake in shares of Hertz Global Holdings by 126.2% in the fourth quarter.

The company's net loss from continuing operations widened to $223 million, or $2.69 per share, in the first quarter ended March 31, from $52 million, or 61 cents per share, a year earlier. To get there, Hertz has to sell its older models into a market in which used auto prices are tumbling, setting it up for a loss now but perhaps positioning it for a stronger performance ahead. The number of shares now owned by investors are 355.67 mln. At the moment, Michael Strambi owns 38,713 shares which are equivalent to about 0.09% of the company's market capitalization (total value of the shares outstanding).

Hertz said net vehicle depreciation per auto rose 15 per cent in the first quarter to US$348 per auto per month. Hedge funds and other institutional investors own 91.26% of the company's stock.

03/22/2016 - Sterne Agee began new coverage on Hertz Global Holdings, Inc giving the company a " rating.

8 number of analysts have estimated the sales of the company for the quarter ending May 8, 2017, analysts estimated mean sale target of 991.09 million while high and low sale targets are estimated at 2727.7 million and 404 million respectively.

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