24.67 +0.08 (0.33%)
After hours: 6:43PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.15 - 25.75|
|52 Week Range||8.52 - 35.75|
|PE Ratio (TTM)||-2.62|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
MKM Derivatives strategist Jim Strugger says some stocks are expected to move more than 9 percent following the release of earnings reports.
Hertz Global Holdings (HTZ) is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.
MKM Partner's Christopher Agnew takes a look at car rental companies ahead of third-quarter earnings, reiterating Buy ratings on both Hertz (HTZ) and Avis (CAR), and raised his price target to $36 and $49, respectively. Agnew believes that earnings momentum for the group is at an inflection point, thanks to improving fundamentals, and stronger balance sheets should boost the stock. More from his note: Net pricing, which is the earnings impact from pricing set against fleet cost inflation/deflation, is turning positive and we believe this will continue.
Hertz Global (HTZ) could be an interesting play for investors as it is seeing solid activity on the earnings estimate revision in addition to having decent short-term momentum.
When a company’s stock nearly triples in three months, it usually means management is selling a hot growth story. That doesn’t seem to be the case at Hertz Global Holdings Inc.
Hertz Global Holdings, Inc (NYSE:HTZ) has been a bit of a dark horse this year. The stock steadily declined 47% for the first half of the year when the broader market (S&P 500) posted gains of over 8% during that period. The deck seemed stacked against the $2 billion rental car company operating under the banner of well-known brands such as the eponymous Hertz, Dollar and Thrifty.
Shares of U.S. car-rental companies Avis Budget Group Inc (CAR.O) and Hertz Global Holdings Inc (HTZ.N) have driven out of the ditch in recent weeks, aided in part by storms that devastated the southern United States. Doubts about over-capacity and industry pricing have weighed as have concerns that off-lease cars are flooding the used-car market.
Morgan Stanley analyst Adam Jonas updated his stance on Hertz Global Holdings, Inc. Previously, he gave HTZ stock an “Equal Weight” rating. Despite lowering his rating for Hertz Global Holdings, Inc, the analyst actually increased his price target for the stock. Jonas’ new price target for HTZ stock is $14.
Tesla (TSLA) announced plans to unveil its highly anticipated all-electric semi truck on October 26 at its Hawthorne, Calif., facility. In a tweet Wednesday evening, CEO Elon Musk described the new vehicle as a “beast” and said a test ride would accompany the launch. Tesla shares have jumped about 71% since the start of the year.
Shares of Hertz Global Holdings (HTZ) and Avis Budget Group (CAR) had soared during the past month, as investors priced in a big bump in business from Hurricanes Irma and Harvey. Today, however, their stocks are tumbling after Morgan Stanley's Adam Jonas and team cut their rating on Hertz to Underweight from Equal Weight today, citing the big bounce the stocks have had not just since Harvey, but over the past three months.
U.S. stocks were set to open lower on Thursday, a day after closing at record highs, as shares of Apple remained under pressure and an uptick in consumer prices inflation boosted the odds of another interest rate hike this year. A Labor Department report showed consumer price index (CPI) rose more than expected last month and the gain was the largest in seven months, lifting the year-on-year increase to 1.9 percent from 1.7 percent in July.
Stocks look set for a lower open this morning ahead of US inflation and jobless-claims data. S&P 500 futures have declined 0.1%, while Dow Jones Industrial Average futures have dipped 3 points. Nasdaq ...
Sanderson Farms, Hertz Global, Sony, HSBC and Tencent highlighted as Zacks Bull and Bear of the Day
Yahoo Finance's Seana Smith is tracking Tesla, Google and Hertz in intraday trading on Thursday.