News
HTZ
4.420
-5.56%
-0.260
Hertz Faces Tough Road Ahead: High Fleet Costs, Liquidity Concerns Trigger Downgrades
Hertz Global Holdings, Inc reported first-quarter sales growth of 1.6% year-on-year to $2.08 billion. The company missed the analyst consensus estimate. Hertz stock has lost over 70% in the last 12 months. Goldman Sachs and BofA Securities are among the analysts to downgrade the stock.
Benzinga · 5h ago
Peeling Back The Layers: Exploring Hertz Global Holdings Through Analyst Insights
Seven analysts have published ratings on Hertz Global Holdings (NASDAQ:HTZ) in the last three months. The company is engaged in the vehicle rental and leasing business. The average price target for Hertz global Holdings is $6.86. The analysts have decreased their 12-month price target by 30.21%. The company has an average revenue growth rate of 7.32%.
Benzinga · 5h ago
Noteworthy Friday Option Activity: KNSL, ULTA, HTZ
NASDAQ · 6h ago
BUZZ-U.S. STOCKS ON THE MOVE-Chevron, Intel, Alphabet
Dow Jones Industrial Average was up 0.65% on Friday. Alphabet pushed its market value over $2 trillion. Top three S&P 500 percentage losers: Chevron, Intel, Alphabet and Exxon Mobil. The Nasdaq Composite was up 2.31%. Wall Street's main indexes advanced after robust quarterly results.
Reuters · 7h ago
Hertz’s stock is having an awful week, and BofA adds to investors’ misery
MarketWatch · 8h ago
Hertz Global Price Target Cut to $4.00/Share From $7.00 by Goldman Sachs
Dow Jones · 9h ago
Hertz Global Is Maintained at Sell by Goldman Sachs
Dow Jones · 9h ago
Goldman Sachs Maintains Sell on Hertz Global Holdings, Lowers Price Target to $4
Benzinga · 9h ago
BUZZ-U.S. STOCKS ON THE MOVE-HCA Healthcare, ResMed, LyondellBasell
Dow Jones Industrial Average was up 0.24% on Friday. Alphabet pushed its market value over $2 trillion. Most growth stocks rose after robust quarterly results from Alphabet. HCA Healthcare, ResMed, LyondellBasell were among the top stocks on the NYSE.
Reuters · 9h ago
CORRECTED-BUZZ-Hertz extends slump as BofA joins bear camp, analysts slash PTs
Hertz's shares down 2.4% to record low of $4.57 on Fri. BofA Global Research downgrades to "underperform" from "" in wake of rental car firm's bleak report. Hertz on Thurs slumped 19.3% after posting wider-than-expected Q1 loss. Jefferies and JP Morgan cut their PTs for Hertz.
Reuters · 10h ago
BUZZ-Hertz extends slump as BofA joins bear camp, analysts slash PTs
Hertz's shares down 2.4% to record low of $4.57 on Fri. BofA Global Research downgrades Hertz to "underperform" from "" in wake of rental car firm's bleak report. Rental car firm posted wider-than-expected Q1 loss and announced plans to sell more electric vehicles. Jefferies and JP Morgan cut their PTs for Hertz's stock.
Reuters · 10h ago
'Hertz To Sell Off Even More EVs As Depreciation Losses Mount' - InsideEVs
American rental car giant Hertz plans to increase the number of electric vehicles it plans to sell this year. The company had planned to build the largest electric vehicle rental fleet in North America. Hertz says the company has been stung by rapid-fire EV price cuts and higher repair costs.
Benzinga · 10h ago
HERTZ GLOBAL HOLDINGS INC <HTZ.O>: BOFA GLOBAL RESEARCH CUTS PRICE OBJECTIVE TO $3 FROM $9
Reuters · 12h ago
HERTZ GLOBAL HOLDINGS INC <HTZ.O>: BOFA GLOBAL RESEARCH CUTS TO UNDERPERFORM FROM NEUTRAL
Reuters · 12h ago
Hertz Global slides even lower after BofA takes a wrecking ball to near-term estimates
Bank of America downgrades Hertz Global Holdings to an Underperform rating. The car rental company missed consensus estimates with its Q1 earnings report. The firm slashed its price target on the stock by 67% to $3.00. The company missed estimates due in part to higher fleet costs.
Seeking Alpha · 13h ago
HTZ, CYCC and WORX among pre-market losers
On the Move HTZ, CYCC and WORX among pre-market losers. ReAlpha Tech Corp. (AIRE) and Boyd Gaming Corp (BYD) among losers. ACM Research announces preliminary unaudited revenue and shipments for the first quarter of 2024.
Seeking Alpha · 13h ago
Why Alphabet Shares Are Trading Higher By 12%; Here Are 20 Stocks Moving Premarket
Shares of Alphabet Inc. Rose sharply in today's pre-market trading. The company reported upbeat results for its first quarter. Tevogen Bio Holdings Inc. Shares gained 64.7% after falling over 43% on Thursday. Skechers U.S.A., Inc. And Snap Inc. Also rose in pre- market trading.
Benzinga · 13h ago
Microsoft To Rally Over 29%? Here Are 10 Top Analyst Forecasts For Friday
Goldman Sachs raised the price target for Microsoft Corporation from $450 to $515. Mizuho lowered Intel Corporation’s price target from $55 to $45. B of A Securities downgraded the stock of Hertz Global Holdings, Inc. To Underperform. Raymond James boosted the price of Kratos Defense & Security Solutions.
Benzinga · 13h ago
Hertz Global Price Target Cut to $3.00/Share From $9.00 by B of A Securities
Dow Jones · 14h ago
Hertz Global Cut to Underperform From Neutral by B of A Securities
Dow Jones · 14h ago
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About HTZ
Hertz Global Holdings, Inc. is a holding company. The Company is engaged in the business of renting vehicles primarily through its Hertz, Dollar and Thrifty brands. It operates through two segments: Americas RAC and International RAC. Americas RAC segment provides rental of vehicles, as well as sales of vehicles and value-added services, in the United States, Canada, Latin America and the Caribbean. The International RAC segment provides rental and leasing of vehicles, as well as sales of value-added services in locations other than the United States, Canada, Latin America and the Caribbean. It also owns and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business. It operates its vehicle rental business globally from approximately 11,400 Company-operated and franchisee locations across approximately 160 countries and jurisdictions, including the United States, Europe, Africa, Asia, Australia, Canada, the Caribbean, Latin America, the Middle East and New Zealand.