13.71 +0.09 (0.66%)
After hours: 6:47PM EDT
|Bid||0.00 x 1400|
|Ask||0.00 x 1000|
|Day's Range||13.60 - 14.10|
|52 Week Range||12.70 - 27.27|
|PE Ratio (TTM)||3.25|
|Earnings Date||Aug 6, 2018 - Aug 10, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.14|
NEW YORK, NY / ACCESSWIRE / June 27, 2018 / Shares of Avis Budget Group and Hertz Global were sinking in Tuesday's trading session after a Morgan Stanley analyst remarked on seeing more downside for pre-owned autos in 2018 and that competition from ride hailing services Uber and Lyft could hit the top line. Avis Budget Group, Inc. closed down almost 10% on Tuesday on about 4 million shares traded. It was a grim day for both Avis Budget Group and Hertz Global holdings as Morgan Stanley analyst Adam Jonas had some not so good things to say about the rental car giants and gave them price targets less than where the stocks are currently trading.
MARKET PULSE Shares of Avis Budget Group Inc. sank 9.4% toward a seven-month low in afternoon trade Tuesday, enough to pace the Dow Jones Transportation Average's decliners, after Morgan Stanley resumed coverage of the rental car company with a bearish underweight rating.
Dimming views on used-car prices are weighing down shares of rental-car giants Hertz Global Holdings Inc. and Avis Budget Group Inc. Hertz dropped as much as 12 percent Tuesday and Avis shares fell to their lowest price in seven months. Morgan Stanley analyst Adam Jonas cautioned that a glut of used cars and sport utility vehicles will come off lease and undermine the value of the autos in their fleets.
Investors in Hertz Global Holdings (HTZ) need to pay close attention to the stock based on moves in the options market lately.
Investors are always looking for growth in small-cap stocks like Hertz Global Holdings Inc (NYSE:HTZ), with a market cap of US$1.60b. However, an important fact which most ignore is: howRead More...
Multiple headwinds like high costs and slow progress of Hertz Global's (HTZ) turnaround plan are responsible for the stock's decline.
On Thursday, June 14, 2018, the NASDAQ Composite and the S&P 500 edged 0.85% and 0.25% higher, respectively at the closing bell, while the Dow Jones Industrial Average stayed bearish, finishing marginally lower by 0.10%. Taking into consideration yesterday's market sentiment, WallStEquities.com assessed the following Rental & Leasing Services equities this morning: Aaron's Inc. (NYSE: AAN), Air Lease Corp. (NYSE: AL), Avis Budget Group Inc. (NASDAQ: CAR), and Hertz Global Holdings Inc. (NYSE: HTZ).
ESTERO, Fla., June 14, 2018 /PRNewswire/ -- Hertz (HTZ), one of the world's most iconic and recognized car rental brands, and AAA, North America's largest motoring and leisure travel organization, are celebrating a major milestone this year—the 40th anniversary of their partnership. "As AAA's longest-tenured partner, Hertz shares the association's commitment to providing our members with exceptional value and service," said AAA President and CEO Marshall L. Doney. The relationship began in 1978, when AAA began providing members enhanced value when renting with Hertz at the airport.
-- Hertz customers can now rent three new Maserati models in Italy - Quattroporte, Ghibli and Levante -- Throughout June, the high-end vehicles are only available for rent in Italy with Hertz LONDON , ...
Lyft drivers using a new rental car partnership in Tampa have earned more than $1.4 million through the company’s Express Drive program, the company announced Wednesday. The programs allows Lyft drivers to uses discounted rental vehicles to transport passengers. Lyft launched the program to provide driving opportunities to people who either don’t own a car, own a car that doesn’t meet Lyft’s requirements or don’t want to add wear and tear to their personal vehicles.
Anindita "Ann" Mukherjee Joins Board of Directors ESTERO, Fla. , May 22, 2018 /PRNewswire/ -- Hertz Global Holdings, Inc. (NYSE: HTZ) today announced that its stockholders approved all proposals ...
BUFFALO, N.Y. , May 17, 2018 /PRNewswire/ -- Paladino, Cavan, Quinlivan & Pierce is investigating Hertz Global Holdings, Inc. ("Hertz") (NYSE: HTZ) for possible breaches of contract, tortious ...
This morning, WallStEquities.com observes Avis Budget Group Inc. (NASDAQ: CAR), Hertz Global Holdings Inc. (NYSE: HTZ), Rent-A-Center Inc. (NASDAQ: RCII), and United Rentals Inc. (NYSE: URI). Parsippany, New Jersey headquartered Avis Budget Group Inc.'s stock finished Thursday's session 2.84% higher at $43.06 with a total trading volume of 1.90 million shares.