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

Recent data showing higher-than-expected Producer Price Index (PPI) figures have led to a dip in the stock market, followed by aggressive buying from the momentum (momo) crowd. The Federal Reserve's policy missteps are reflected in surging meme stocks like GameStop and AMC Entertainment, with significant premarket gains. Other meme-targeted stocks and sectors are also experiencing volatility. Home Depot reported its sixth consecutive quarter of negative sales growth, while Walmart announced layoffs and a return to office policy. Early trade money flows show positive trends for Tesla, neutral for Apple, and negative for several tech giants. The article also touches on gold, oil, and Bitcoin market movements.

Portfolio Pulse from The Arora Report

May 14, 2024 | 3:55 pm

Shares of 'meme stocks' and high-short interest stocks are experiencing a surge following the return of popular retail trader 'Roaring Kitty' to social media. This movement indicates a renewed interest in these volatile market segments.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 2:40 pm

In Monday's intraday session, notable movements were observed in the industrials sector with SunPower, Caravelle Intl Gr, Plug Power, Hertz Global Holdings, Spirit Airlines, and Exela Technologies experiencing gains, while Amprius Technologies, 1847 Holdings, Compx Intl, Graphex Gr, NL Industries, and Pineapple Energy saw declines. The movements were attributed to various factors including Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

May 13, 2024 | 4:31 pm

Benzinga's weekly review highlights bullish and bearish perspectives on stocks like Nvidia, Starbucks, Palantir, and insights into meme coin investments. Key financial indicators and upcoming events, such as the Consumer Price Index report and a speech by the Federal Reserve Chair, are also noted. Bullish views include Palantir's buying opportunity post-Q1 earnings, Disney's DTC unit's profitability, and an investor's success with meme coins. Bearish takes involve Hertz's wrongful Tesla refueling charge, Starbucks' sales slump due to Middle Eastern policy backlash, and a significant Nvidia stake sale by a former Soros fund manager.

Portfolio Pulse from Michael Cohen

May 11, 2024 | 1:25 pm

Hertz Global Holdings saw significant options trading activity with a sweep of 839 calls for September 20 at a strike price of $6, priced near the ask at $0.65, compared to an open interest of 414. This activity occurred with Hertz's stock reference price at $5.0.

Portfolio Pulse from Charles Gross

May 06, 2024 | 2:18 pm

Susquehanna analyst Christopher Stathoulopoulos has maintained a Neutral rating on Hertz Global Holdings (NASDAQ:HTZ) but lowered the price target from $10 to $5.

Portfolio Pulse from Benzinga Newsdesk

April 30, 2024 | 11:25 am

Hertz Global Holdings shares are trading higher after experiencing a decline last week due to mixed Q1 financial results.

Portfolio Pulse from Benzinga Newsdesk

April 29, 2024 | 7:53 pm

Corporate earnings have recently uplifted the market, overcoming rate fears. The upcoming week features earnings reports from major companies including Apple and Amazon, which could significantly influence market trends. Analysts anticipate Apple to report a slight earnings beat but expect a lower revenue guide for the June quarter, while Amazon is expected to continue showing strong sales and profit growth. The performance of these companies, especially in sectors like e-commerce, tech, and healthcare, will be closely watched for their impact on the S&P 500 Index.

Portfolio Pulse from Shanthi Rexaline

April 29, 2024 | 5:51 am

Hertz Global Holdings, Inc (NASDAQ:HRZ) reported a modest sales growth of 1.6% in Q1 FY24 but missed EPS estimates significantly, leading to downgrades from Goldman Sachs and BofA Securities due to high fleet costs and liquidity concerns. Goldman Sachs cut its price target from $7 to $4, citing concerns over Hertz's ability to meet its First Lien Covenant and liquidity requirements. BofA Securities downgraded Hertz to Underperform and reduced its price target from $9 to $3, highlighting the impact of declining used vehicle prices and rising interest costs on Hertz's earnings recovery. Morgan Stanley maintained an Equal-weight rating with a $9 price target. Hertz's stock is also part of the iShares Core S&P Mid-Cap ETF (NYSE:IJH) and Invesco S&P MidCap 400 Pure Value ETF (NYSE:RFV), which could be indirectly affected.

Portfolio Pulse from Shivani Kumaresan

April 26, 2024 | 8:23 pm

Analyst sentiment towards Hertz Global Holdings (NASDAQ:HTZ) has shifted negatively, with recent ratings showing a decrease in the average price target by 30.21% to $6.86. Over the last three months, 7 analysts have published ratings, with the latest assessments indicating a more bearish outlook. The company's financial overview reveals a market capitalization below industry average, a revenue growth rate of 7.32%, and a net margin of -15.93%. Despite this, Hertz demonstrates strong financial performance with an impressive ROE of -10.74% and an efficient management of assets with an ROA of -1.39%.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 8:01 pm

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