|Bid||0.00 x 800|
|Ask||17.04 x 1300|
|Day's Range||16.71 - 17.32|
|52 Week Range||13.01 - 22.70|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.88|
ZTO Express' (ZTO) Q4 benefits from higher revenues at its express delivery services unit. However, rising operating expenses affect bottom-line growth.
Stocks that moved substantially or traded heavily on Tuesday: Target Corp., up $3.33 to $76 Strong online sales and customer traffic growth pushed Target beyond most expectations in the crucial fourth ...
Hertz Stock Plunges as Carl Icahn Discloses Stake CutCarl Ichan cuts stake in HertzCarl Icahn, one of the most influential activist investors, reported yesterday that his fund has cut its stake in Hertz Global Holdings (HTZ). As reported by CNBC,
Carl Icahn this morning disclosed that he sold about 5 million Hertz shares on Monday, after people familiar with the matter told Bloomberg that Morgan Stanley was lining up buyers to unload a total of 5 million shares. Although Icahn still holds more than 24 million Hertz shares, a trader said the sale could be interpreted as a reduced likelihood that the rental car company finds a buyer. The activist investor’s stake in Hertz, more than 30 percent of shares outstanding, helped fuel unconfirmed M&A speculation.
A Securities and Exchange Commission filing revealed that High River Limited Partnership, one of Icahn's investment firms, sold 1 million shares of Hertz, while Icahn Partners LP sold approximately 2.52 million shares and Icahn Partners Master Fund LP sold roughly 1.48 million shares - all on Monday, March 4. The move comes almost two years to the week after the billionaire investor more than doubled his investment in the then-troubled car-rental company.
Icahn has overseen the introduction of two Hertz chief executive officers since his initial investment and has successfully won board seats. Hertz Global Holdings HTZ stock plummeted Tuesday after longtime activist investor Carl Icahn disclosed he has trimmed his stake, selling off roughly five million shares. Hertz shares tumbled 12 percent Tuesday morning following news of Icahn's move.
Longtime activist investor Carl Icahn disclosed in a regulatory filing late Monday that he has trimmed his stake in Hertz Global Holdings.
Hertz Global Holdings Inc NYSE:HTZView full report here! Summary * Bearish sentiment is high and has been increasing Bearish sentimentShort interest | NegativeShort interest is high for HTZ with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting HTZ. Sentiment has worsened and traders added to their bearish short positions on February 28. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold HTZ had net inflows of $613 million over the last one-month. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Brokers decide to rate a company's stock after conducting a thorough research. Hence, when a broker upgrades a stock, one can easily rely on it.
The Zacks Analyst Blog Highlights: Expeditors International of Washington, Hertz Global, REV and Herc
Deutsche downgrading Delta & American to "hold" from "buy" Bernstein downgrading L Brands to "market-perform" from "outperform" Barclays upgrading L Brands to "overweight" from "equal weight" Barclays upgrading Hertz to "equal weight" from "underweight" J.
Public car rental giants have spent the last couple years trying to get their houses in order. No small task, but it appears they have mostly done so. Now, if they can manage to avoid the overconfidence that tanked their attempted comeback in 2018, the focus will be on projects that fully bring the sector […] The post Avis and Hertz Chart Their Futures After Yet Another Comeback appeared first on Skift.
Substantial surge in manufactured goods, massive tax hauls and business friendly policies of the government is anticipated to fuel the transportation sector's growth.
Will bulls find a little more gas in the tank to push stocks higher or will equities take a much-needed breather after the S&P 500's 19% two-month rally? Either way, we're still seeing strong moves in individual stocks, as highlighted by our list of must-see stock trades. Must-See Stock Trades 1: Home DepotDespite a consistent and dependable business, Home Depot (NYSE:HD) shares are under pressure after a disappointing earnings report. Shares were coiling nicely below $192.50, ready to launch higher had the report been more well-received.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 IPOs to Get Excited for in 2019 Instead, HD stock gapped down to $182.50 before reversing higher. Despite the rebound, shares are still below the 200-day and 21-day moving averages, as bulls look to see if they can erase the post-earnings deficit in the stock price.So what now? In a non-catastrophic way, HD stock is sort of in no man's land right now.Below the 200-day and above the 50-day, the stock is clearly searching for direction. With that in mind, over the 200-day and $190, bulls can be long HD and look for more upside. Below the 50-day and the stock is likely heading for the $170-ish level, where buyers have traditionally stepped up to buy the name. Must-See Stock Trades 2: CaterpillarA double-downgrade to sell from UBS has Caterpillar (NYSE:CAT) under pressure on Tuesday. While selling off, buyers were quick to step up and keep CAT over the 200-day. That's encouraging action.Unfortunately though, it may take time for Caterpillar to push higher. While the economy is holding steady in the U.S., China is quite suspect at this time. Earnings last month were mixed at best and short of a trade deal between the two countries, CAT stock is lacking catalysts at the moment.The action here is encouraging though and so long as CAT is over its major moving averages and uptrend support (purple line), I'm not going to get overly bearish. Over $142 and CAT could make its way up to $155 resistance. Must-See Stock Trades 3: Shake ShackWe're seeing a lot of similar action across the board, which is ill-received news to a particular stock and buyers bidding them up off the lows. It will be interesting to see if that post-earnings momentum can continue in a name like Shake Shack (NYSE:SHAK) or if the bears will undo the bulls' effort.In the case of SHAK, the stock continues to hold up over short-term uptrend support (purple line) and prior downtrend resistance (blue line). Over the two-day high (call it $54), SHAK could make a run at the 200-day near $56. Above that and a run to $60+ is in the cards.On a pullback, I really want to see $46 hold. Near that area, it could be a great risk/reward long trade with the 50-day moving average, prior downtrend resistance and level support all in that area. Below is obviously bad news for the bulls. Must-See Stock Trades 4: J.M. SmuckerA series of lower highs has J.M. Smucker (NYSE:SJM) again testing the $100 level. Over the years, we have been buyers of this dividend stock at or a below $100 and riding the pops higher. However, that trade is happening with increasing frequency and that has me worried about the validity of this $100 level.You know how the old saying goes, "the more times a level is tested, the more likely it is to break."Even with Tuesday's spunky earnings rally, SJM is again logging a lower high. That may be premature, as the stock can continue higher in the ensuing days to negate the pattern, but as of now, it doesn't look promising. Ordinarily I'm a buyer of SJM at $100, but I'm considering being a seller below $100. On a close below this mark, shorts can use the 50-day or 200-day as their stop-loss, whichever they're most comfortable with. Must-See Stock Trades 5: HertzI've never been a big fan of Hertz (NYSE:HTZ), at least when it comes to the stock. Like SJM, HTZ has been putting in a series lower highs and watching Tuesday's rally get crushed lower is very discouraging.This may give shorts confidence to squeeze HTZ lower, at least down to about $17, where it starts to run into some support levels. Keep in mind, this stock has probed sub-$14 numerous times over the past 7 months. * 10 Blue-Chip Stocks to Lead the Market Near current levels, HTZ stock is too far off its highs to be a solid short trade, while still being too far from support to be a buy. A close near the lows may lead to more selling on Wednesday though.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks Top Investors Are Buying Now * 7 Cheap Stocks That Make the Grade * 5 Clinical-Stage Biotech Stocks to Buy Compare Brokers The post 5 Must-See Stock Trades for Wednesday: HD, CAT, SHAK, HTZ appeared first on InvestorPlace.
Hertz Global (NYSE:HTZ) blew away earnings and revenue estimates for both the fourth quarter of 2018 and the full calendar year. The automobile rental company saw its spike higher immediately in after-hours trading. Although this sent Hertz stock initially higher, the equity now trades closer to the top of its long-held range.Source: Steve Damron via FlickrHence, for the Hertz, Dollar, and Thrifty brands to move higher, it will need to escape this range before it can sustain a rally. Hertz Stock Beat Quarterly, Yearly EstimatesHertz stock opened trading 7% ahead of yesterday's close following its earnings beat before falling back. For the fourth quarter, the Estero, Florida-based firm reported a loss of 55 cents per share. This showed an unexpected improvement as the company had lost 77 cents per share in the same quarter last year. Analysts had expected a loss of 90 cents per share.InvestorPlace - Stock Market News, Stock Advice & Trading TipsRevenues of $2.29 billion also blew away estimates and rose by 9.6% from the $2.09 billion in revenue in the fourth quarter of 2017. Analysts had expected $2.15 billion in revenue. * 10 Blue-Chip Stocks to Lead the Market For 2018, the company reported revenues of $9.5 billion, beating expectations by $150 million. Earnings also came in ahead of estimates. HTZ lost 17 cents per share, 35 cents per share ahead of the 52-cent per share loss analysts had expected. In 2017, the company lost $1.59 per share and reported revenues of $8.8 billion. HTZ Stock Still Affected by a Multi-Year SlumpHertz stock has suffered since it peaked at over $125 per share in late 2014. The rise of rideshare services such as Uber and Lyft have reduced overall demand for rentals. Weak rental pricing and depreciation costs associated with its fleet also contributed to losses. As a result, HTZ stock still trades more than 80% below its 2014 high.While the massive swoon eventually ended, HTZ has traded in a range for the last two years. Hertz has risen substantially from the $13.05 low it saw in late December. However, the post-earnings spike still leaves it short of the 52-week high HTZ saw last spring. It Is On the Road to Recovery … AlmostSome degree of optimism has returned to the sector. Avis (NASDAQ:CAR) received an upgrade from Goldman Sachs earlier in the month. Goldman declined to upgrade HTZ at that time on the belief that Hertz stock would miss estimates. Not only did Hertz stock beat estimates, analysts now believe it will return to profitability in 2019.Thanks to this profit recovery, Wall Street predicts 200% profit growth for 2019. It also forecasts that profits will see an average growth rate of 85.7% per year over the next five years. With those increases in store, I do not see the current forward price-to-earnings (P/E) ratio of 37.1.Still, the range-bound nature of the stock concerns me. Today's surge takes the Hertz stock price closer to the top of the range. For this reason, I do not think buyers should get in without knowing that HTZ has broken out of this range. If I were to buy, I would want to wait to see the stock maintain a price above the 2017 high of $27.27 per share. Concluding Thoughts on Hertz StockAfter years of stagnation, Hertz stock may have finally positioned itself for sustained growth. The noticeable beat on earnings for both the fourth quarter and 2018 sent HTZ stock shooting higher in after-hours trading and at the morning open. Though losses remain, analysts predict it will again move to profitability in 2019.The stock suffered for years amid the rise of ridesharing and the weak pricing in the rental car market. Now, the price of Hertz stock accounts for those factors. Today, it appears HTZ has figured out how to turn a profit in an environment where many have turned to ridesharing.However, before we can declare recovery, investors must remember that Hertz stock remains range-bound. It has not exceeded $30 per share since 2016 and has rarely traded above $25 per share in that time. If it can return to multi-year highs, I see little else that can stop Hertz stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Strong Buy Stocks Top Investors Are Buying Now * 7 Cheap Stocks That Make the Grade * 5 Clinical-Stage Biotech Stocks to Buy Compare Brokers The post Following Earnings Beat, Hertz Stock Still Needs One Thing appeared first on InvestorPlace.