Streetbeat News

HTZ

Hertz Global Holdings, Inc.

https://www.hertz.com

Industry

Rental & Leasing Services

Hertz Global Holdings, Inc. operates as a vehicle rental company. It operates through two segments, Americas Rental Car and International Rental Car. The company provides vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. It also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.

Open

3.10

Mkt cap

955M

Volume

1.7M

High

3.20

P/E Ratio

-0.99

52-wk high

10.82

Low

3.09

Div yield

N/A

52-wk low

2.47

Tesla, Inc. (TSLA) reported Q4 earnings with revenue of $25.17 billion and EPS of 71 cents, missing consensus estimates of $25.62 billion and 74 cents per share, respectively. Pre-market trading saw TSLA shares drop 7.8%. Other stocks also moved lower in pre-market trading, including CCC Intelligent Solutions Holdings Inc. (CCCS), Columbia Banking System, Inc. (COLB), Digital World Acquisition Corp. (DWAC), Hexcel Corporation (HXL), LG Display Co., Ltd. (LPL), Rumble Inc. (RUM), Nano Dimension Ltd. (NNDM), Foot Locker, Inc. (FL), and Hertz Global Holdings, Inc. (HTZ), following various negative triggers such as weak financial results and secondary offering pricing.

Portfolio Pulse from Avi Kapoor

January 25, 2024 | 10:52 am

Ark Invest CEO Cathie Wood supports Elon Musk's desire to increase his ownership of Tesla to 25% to lead AI and robotics initiatives. Wood praised Musk's vision and criticized the market's short-term focus. She also commented on Hertz scaling back its EV plans, noting the maintenance cost benefits of EVs over traditional cars. Wood mentioned Uber's encouragement for drivers to use Tesla vehicles. Tesla is a significant holding in several Ark ETFs, and Wedbush analyst Dan Ives views Musk's potential AI projects outside Tesla as a negative for the company.

Portfolio Pulse from Chris Katje

January 23, 2024 | 11:01 pm

Jim Cramer, host of CNBC's 'Mad Money,' suggested that Tesla Inc (TSLA) could be replaced by Eli Lilly and Co (LLY) in the 'Magnificent Seven' list of mega-cap stocks due to Tesla's recent underperformance and Eli Lilly's strong market position. Tesla's stock has fallen by 16% in 2024, while Eli Lilly has surged to record highs and could potentially become the first drug maker to reach a $1 trillion valuation.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 3:02 am

Polestar CEO Thomas Ingenlath is optimistic about the company's EV sales in 2024 despite a tough end to 2023. Polestar, co-owned by Volvo, is launching a new SUV coupe and starting production of the Polestar 3. In 2023, Polestar delivered 54,600 cars, missing its 60,000 target. Hertz plans to sell 20,000 EVs due to costs and demand issues, but Ingenlath believes Hertz will continue buying from Polestar.

Portfolio Pulse from Anan Ashraf

January 20, 2024 | 4:01 am

TransCode Therapeutics, Inc. (RNAZ) shares fell by over 24% after pricing a common stock offering at $1.22 per share. Other stocks moved in Friday's mid-day session with notable gainers including Charge Enterprises (CRGE), Kaman Corporation (KAMN), and Mesa Air Group (MESA), among others. Losers included C3is Inc. (CISS), Azitra, Inc. (AZTR), and iRobot Corporation (IRBT). The market also reacted to various company announcements such as acquisitions, earnings reports, and analyst upgrades or downgrades.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 6:05 pm

Hertz Global Holdings' stock (HTZ) trades lower following a downgrade by Jefferies from Buy to Hold and a reduction in price target from $12 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 4:16 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies. ONEOK, Silk Road Medical, Texas Instruments, DraftKings, Universal Display, Hertz Global Holdings, Discover Financial Services, Coinbase Global, and Crown Castle received new price targets. Texas Instruments is expected to rally around 17%, with UBS raising its price target from $170 to $195 and upgrading the stock from Neutral to Buy. Other companies saw a mix of upgrades, downgrades, and neutral ratings with corresponding adjustments to their price targets.

Portfolio Pulse from Avi Kapoor

January 19, 2024 | 12:36 pm

Jefferies analyst Stephanie Moore has downgraded Hertz Global Holdings (HTZ) from Buy to Hold and reduced the price target from $12 to $8.

Portfolio Pulse from Benzinga Newsdesk

January 19, 2024 | 10:53 am

U.S. stocks showed mixed performance with tech leading due to AI optimism. Labor data indicated a strong job market. Fed's Bostic suggested rate cuts could start in Q3 if inflation slows. The dollar and Treasury yields rose, while bonds and Bitcoin fell. Oil prices increased after the IEA raised its demand forecast. Major indices and ETFs had varied results, with tech and semiconductors gaining, while utilities and real estate declined. Notable stock movements included NovoCure, Hertz, Tesla, and various chipmakers, while Discover Financial and KeyCorp dropped after earnings misses.

Portfolio Pulse from Piero Cingari

January 18, 2024 | 7:22 pm

KeyCorp (NYSE:KEY) shares dropped by 5.4% to $13.10 after reporting Q4 financial results with revenues of $1.538 billion, down 19% Y/Y, but slightly above consensus. Adjusted EPS of 25 cents also exceeded expectations. Other stocks experienced significant movements in Thursday's mid-day session, with various companies reporting gains due to different reasons such as acquisitions, financial results, and analyst upgrades. Conversely, several companies saw their shares fall due to negative news such as voluntary delisting, reverse stock splits, and disappointing earnings guidance.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 6:08 pm

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