HTZ - Hertz Global Holdings, Inc.

NYSE - NYSE Delayed Price. Currency in USD
15.00
+0.09 (+0.60%)
At close: 4:02PM EDT
Stock chart is not supported by your current browser
Previous Close14.91
Open14.93
Bid14.96 x 2200
Ask14.97 x 2200
Day's Range14.85 - 15.21
52 Week Range11.24 - 19.07
Volume4,818,553
Avg. Volume4,191,504
Market Cap2.131B
Beta (3Y Monthly)2.22
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Ongoing Trade War Might Derail the Technical Argument for CSX Stock
    InvestorPlace

    Ongoing Trade War Might Derail the Technical Argument for CSX Stock

    If you've followed Wall Street's narrative throughout this year, I'm sure you've asked a question or two about CSX (NASDAQ:CSX). Specifically, why is the CSX stock price -- leaving aside July and August's volatility -- doing so well? After all, we've been hearing so much about the U.S.-China trade war and its impact on our economy. In that case, shares of the transportation giant should drop.Source: Wangkun Jia / Shutterstock.com Yes, the CSX stock price did decline in the summer months. Between the first of July and the end of August, the company's market value dropped a sizable 14%. Not coincidentally, that period covered the time when President Donald Trump threatened new tariffs against China. Unsurprisingly, the tough rhetoric rattled investors' nerves, sending the benchmark indices lower.But then a curious thing happened. Not known for tactful, diplomatic behavior, Trump dialed down some of his acerbic language. He's essentially called a temporary truce in the trade war, delaying an anticipated tariff bump-up by two weeks. Labeling it as a goodwill gesture, the president, according to his words, delayed the tariffs to allow China a distraction-free celebration of its republic's founding.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSo, does this signal a buy for economic bellwethers like CSX stock? Apparently, many market experts think so. * 10 Battered Tech Stocks to Buy Now For example, Oppenheimer technical analyst Ari Wald suggested that the markets are moving off of "cyclically oversold levels." Wald also noted that global equities "are beginning to base in a move higher."Of course, as a technical analyst, Wald interprets the charts using standard or accepted methodologies. I'm fine with that. However, I can't help but notice that when it comes to transportation, technical interpretations have been deceiving. That makes me question the upside narrative for the CSX stock price. Transportation Stocks Have Been Bull TrapsAlthough I'm a proponent of technical analysis, I'm also objective about it. Certainly, I can understand the criticisms that this methodology appears subjective. What appears a breakout pattern to one analyst could be a breakdown warning for another.For CSX stock and the transportation complex, some analysts have made interesting calls. For example, Investopedia contributor Casey Murphy laid out his case for various transportation stocks. Since he published his analysis near the end of June, we can back-test his chart interpretations.Before we begin, I want to make clear that I'm not trying to shine a spotlight on Murphy. Rather, I merely want to illustrate how reasonable technical assessments can sometimes go sour.Let's start with the SPDR S&P Transportation ETF (NYSEARCA:XTN). Murphy suggested that traders may put a $71 price target on XTN. Although the fund temporarily moved higher, XTN has been very choppy. Since his publication date, the fund has been mostly flat.Next, Murphy analyzed Hertz Global (NYSE:HTZ). Noting HTZ's sideways movement, he suggested that the broader price action is trending higher; thus, traders may have set their price target for $30. Instead, HTZ moved lower to under $15.Finally, we have Kirby (NYSE:KEX). Here, Murphy saw a buy signal called a "golden cross." Unfortunately, KEX wasn't so golden because it broke down quite severely. Only a recent rally has brought KEX to near break-even with the price at time of publication.Again, my point is not to gloat. Instead, I think we should be very careful in how we interpret the CSX stock price.Technical analysts love talking about how they're market agnostic -- that price is the only thing that matters. But I disagree. The fundamentals matter too, and that's probably why the transportation stocks' buy signals failed. Approach CSX Stock With Healthy SkepticismGenerally speaking, I think investors should approach CSX stock with healthy skepticism. That's because they should approach the broader markets with the same sense of doubt.Mainly, we're well over 400 days into the U.S.-China trade war. While Trump boasts that the U.S. has suffered no damage, there's no way that could be right. For instance, Moody's Analytics estimates that the trade war resulted in 300,000 fewer American jobs. That figure could jump to 450,000 jobs if the conflict continues.That's a matter of economics 101. If you have poor relations with the world's second-biggest economy, you will suffer. That does not augur well for economically sensitive names like CSX stock.So, what's the play call here? I'd sit this one out. Although the recent surge in the charts is interesting, the fundamentals contradict this enthusiasm. If push comes to shove, I'm going to go with what makes sense.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Battered Tech Stocks to Buy Now * 7 Strong-Buy Stocks Hedge Funds Are Buying Now * The 7 Best Penny Stocks to Buy The post Ongoing Trade War Might Derail the Technical Argument for CSX Stock appeared first on InvestorPlace.

  • Company News For Sep 13, 2019
    Zacks

    Company News For Sep 13, 2019

    Companies In The News Are: ORCL,T,HTZ,GOOGL

  • Companies to Watch: Kroger posts mixed quarter, AB Inbev may revive IPO plans, Groupon faces massive pressure
    Yahoo Finance

    Companies to Watch: Kroger posts mixed quarter, AB Inbev may revive IPO plans, Groupon faces massive pressure

    Kroger, AB Inbev, Groupon and Hertz are the companies to watch.

  • Dow Jones Today Turns Red After China Tariffs, ECB Stimulus Boost; Activision, Visa Stock Rise
    Investor's Business Daily

    Dow Jones Today Turns Red After China Tariffs, ECB Stimulus Boost; Activision, Visa Stock Rise

    Visa stock ran on the Dow Jones today, as LKQ and Activision lead as stock turn mixed early Thursday, despite a positive ECB vote and fresh trade war news.

  • MarketWatch

    Hertz's stock rises after Icahn discloses stake increased to over 30%

    Shares of Hertz Global Holdings Inc. rose 4.1% in premarket trading Thursday, after billionaire investor Carl Icahn disclosed that he increased his stake in the car rental company to 30.1% of the shares outstanding. In a 13D filing with the Securities and Exchange Commission, Icahn and funds he controlled said they owned 42.77 million Hertz shares, up from 41.90 million shares, or 29.5% of the shares outstanding in mid-July. Icahn Associates Holding LLC is by far Hertz's largest shareholder, according to FactSet. Hertz's stock has gained 20.5% year to date but has lost 17.1% over the past 12 months, while the S&P 500 has tacked on 3.9% over the past year.

  • Investing.com

    Stocks - Hertz, Activision Blizzard Rise Permarket; Oracle Falls

    Investing.com - Stocks in focus in premarket trading on Thursday:

  • TheStreet.com

    [video]Hertz Shares Rev Higher as Icahn Boosts Stake to Above 30%

    Hertz Global revs higher after billionaire investor Carl Icahn reveals he has increased his stake in the car-rental giant again - six months after cutting it.

  • Near-Term Outlook for Transport Services Industry Look Dim
    Zacks

    Near-Term Outlook for Transport Services Industry Look Dim

    Near-Term Outlook for Transport Services Industry Look Dim

  • Hertz (HTZ) Down 15.8% Since Last Earnings Report: Can It Rebound?
    Zacks

    Hertz (HTZ) Down 15.8% Since Last Earnings Report: Can It Rebound?

    Hertz (HTZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Do Directors Own Hertz Global Holdings, Inc. (NYSE:HTZ) Shares?
    Simply Wall St.

    Do Directors Own Hertz Global Holdings, Inc. (NYSE:HTZ) Shares?

    The big shareholder groups in Hertz Global Holdings, Inc. (NYSE:HTZ) have power over the company. Institutions often...

  • Thomson Reuters StreetEvents

    Edited Transcript of HTZ earnings conference call or presentation 7-Aug-19 12:30pm GMT

    Q2 2019 Hertz Global Holdings Inc Earnings Call

  • Zacks.com featured highlights include: CF Industries, PaySign and Hertz Global
    Zacks

    Zacks.com featured highlights include: CF Industries, PaySign and Hertz Global

    Zacks.com featured highlights include: CF Industries, PaySign and Hertz Global

  • Upgraded Broker Ratings Make These 3 Stocks Worth Buying Now
    Zacks

    Upgraded Broker Ratings Make These 3 Stocks Worth Buying Now

    The best and easiest way to choose stocks is to follow broker rating upgrades, as brokers have a deeper insight of stocks and the overall sectors.

  • Hertz Global Holdings Sees Hammer Chart Pattern: Time to Buy?
    Zacks

    Hertz Global Holdings Sees Hammer Chart Pattern: Time to Buy?

    Hertz Global Holdings has been struggling lately, but the selling pressure may be coming to an end soon.

  • Has Hertz Global Holdings (HTZ) Outpaced Other Transportation Stocks This Year?
    Zacks

    Has Hertz Global Holdings (HTZ) Outpaced Other Transportation Stocks This Year?

    Is (HTZ) Outperforming Other Transportation Stocks This Year?

  • Hertz Global Holdings (HTZ) Q2 2019 Earnings Call Transcript
    Motley Fool

    Hertz Global Holdings (HTZ) Q2 2019 Earnings Call Transcript

    HTZ earnings call for the period ending June 30, 2019.

  • Hertz and Avis Double Down on Ridehailing Strategy
    Skift

    Hertz and Avis Double Down on Ridehailing Strategy

    Car rental companies Hertz and Avis have been investing in technology and alternative services to weather the advent of ridehailing apps. Although the efforts are still in early stages, they show signs of growing success. The Hertz Corporation posted solid results Wednesday for the second quarter of 2019, driven by increased pricing from its three […]The post Hertz and Avis Double Down on Ridehailing Strategy appeared first on Skift.

  • Stock Market News for Aug 07, 2019
    Zacks

    Stock Market News for Aug 07, 2019

    Major indexes closed in the green on Tuesday after China's central bank stepped in to contain the fall in the Chinese currency.

  • Should Value Investors Buy Hertz (HTZ) Stock?
    Zacks

    Should Value Investors Buy Hertz (HTZ) Stock?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Hertz Global (HTZ) Shares Up on Q2 Earnings & Revenues Beat
    Zacks

    Hertz Global (HTZ) Shares Up on Q2 Earnings & Revenues Beat

    Impressive performance of the U.S. Rental Car segment, increased productivity and efficient fleet management aid Hertz Global's (HTZ) Q2 results.

  • TheStreet.com

    [video]Hertz Global Zaps Wall Street With Better-Than-Expected Earnings and Revenue

    Car rental company Hertz Global Holdings beat Wall Street's expectations for second-quarter earnings and revenue. Wall Street was expecting earnings of 22 cents a share. Digging into the numbers, sales growth was entirely attributable to the U.S. car rentals operations which saw a 10% increase in revenue.

  • Motley Fool

    After Hours: Disney's Q3 Misses, Hertz's Q2 Trounces

    Or, A Tale of Two Quarterly Earnings Reports.

  • Hertz (HTZ) Q2 Earnings and Revenues Surpass Estimates
    Zacks

    Hertz (HTZ) Q2 Earnings and Revenues Surpass Estimates

    Hertz (HTZ) delivered earnings and revenue surprises of 236.36% and 2.45%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Benzinga

    Hertz Shares Race Higher After Record Q2

    Hertz Global Holdings Inc (NYSE: HTZ ) shares are moving higher after reporting a second-quarter sales beat. Adjusted earnings came in at 74 cents per share, which may not compare to the 37 cent estimate. ...

  • Building permit has Hertz reducing space at Memphis International Airport
    American City Business Journals

    Building permit has Hertz reducing space at Memphis International Airport

    Some changes are in store for the Memphis International Airport’s rental car areas, according to officials. A building permit valued at $650,000 was filed on July 30. The permit lists the Memphis airport as the owner and Hertz Corp. as the tenant.