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Hertz Global Holdings, Inc (HTZ) Bonds Trading 1.3% Higher
10 May 2017, 03:05 | Maryann Sutton
The high-yield debt issue has a 6.25% coupon and is set to mature on October 15, 2022. That puts the market capitalization at $1.32 bln. Deutsche Bank AG restated a "hold" rating and issued a $24.00 price objective on shares of Hertz Global Holdings in a report on Wednesday, March 1st.
Following U.S. election volatility some analysts have updated their recommended target prices on shares of Hertz Global Holdings, Inc (NYSE:HTZ). Finally, MKM Partners reaffirmed a "buy" rating and issued a $29.00 price target (down previously from $33.00) on shares of Hertz Global Holdings in a report on Sunday, March 19th. Meadow Creek Investment Management LLC now owns 245,922 shares of the transportation company's stock worth $4,313,000 after buying an additional 115,124 shares during the last quarter. The company presently has a consensus rating of "Hold" and an average target price of $34.38.
During the latest trading session Hertz Global Holdings, Inc. The company's stock had a trading volume of 23,191,709 shares. "This is particularly true of sedans coming off lease because the market demand for sedans is substantially lower than it was three years ago". Company's distance from 20 day simple moving average is -6.81% and distance from 50-Day simple moving average is -18.16%. Hertz Global Holdings, Inc has a 12 month low of $11.78 and a 12 month high of $53.14.
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been assigned an average rating of "Hold" from the ten brokerages that are covering the company. Analysts polled by FactSet had expected the auto rental company to report a loss of 90 cents a share on sales of $1.95 billion.
For the U.S., Hertz's total RAC revenues were $1.4 billion in Q1, a decrease of 4% from past year. During the same quarter in the prior year, the business earned $0.05 earnings per share. 2,322,237 shares of the company traded hands.
Analysts expect Corium International Inc (NASDAQ:CORI) to report $-0.41 EPS on May, 9.They anticipate $0.06 EPS change or 12.77% from last quarter's $-0.47 EPS.
Hedge funds have recently bought and sold shares of the company.
Hertz said net vehicle depreciation per auto rose 15 per cent in the first quarter to US$348 per auto per month. Gamco Investors INC. ET AL boosted its stake in Hertz Global Holdings by 50.0% in the first quarter. Federated Investors Inc. PA raised its position in shares of Hertz Global Holdings by 146.3% in the fourth quarter.
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock valued at $117,000 after buying an additional 3,236 shares during the period.
Hertz Global Holdings, Inc.'s Quick Ratio shows the value of 0.
COPYRIGHT VIOLATION NOTICE: "Hertz Global Holdings, Inc (HTZ) Bonds Trading 1.3% Higher" was published by Transcript Daily and is the property of of Transcript Daily. If you are reading this report on another website, it was copied illegally and republished in violation of US & global copyright & trademark legislation. According to Hertz, pricing dropped 3% in Q1 impacted by an unfavorable customer mix, which the company is looking at in its long-term improvement plan.
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