Media headlines about Hertz Global Holdings (NYSE:HTZ) have been trending somewhat positive this week, according to Alpha One. The research group, a service of Accern, scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hertz Global Holdings earned a news sentiment score of 0.18 on Alpha One’s scale. Alpha One also gave headlines about the transportation company an impact score of 58 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have effected AlphaOne Sentiment’s rankings:
- Stock in Limelight: Hertz Global Holdings Inc (HTZ) – Post Registrar (postregistrar.com)
- Hertz Global Shares Down 74.4% Since SmarTrend’s Sell Call (HTZ) (mysmartrend.com)
- Morgan Stanley Trims Hertz Global Holdings, Inc (HTZ) Target Price to $12.00 (campdesrecrues.com)
- Hertz (HTZ) to Serve Lufthansa Passenger, Renews Partnership (finance.yahoo.com)
- Hertz renews global partnership with Lufthansa (seekingalpha.com)
Shares of Hertz Global Holdings (HTZ) traded down 2.09% during trading on Friday, reaching $9.35. 5,781,705 shares of the company traded hands. The stock’s market cap is $782.70 million. Hertz Global Holdings has a 12 month low of $8.65 and a 12 month high of $53.14. The stock’s 50 day moving average price is $11.14 and its 200-day moving average price is $18.18. Hertz Global Holdings also was the recipient of some unusual options trading on Wednesday. Stock traders bought 1,284 call options on the stock. This represents an increase of approximately 343% compared to the average volume of 290 call options.
Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, May 8th. The transportation company reported ($1.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.00) by $0.61. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Hertz Global Holdings had a negative net margin of 7.60% and a negative return on equity of 1.86%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.79) EPS. On average, equities research analysts expect that Hertz Global Holdings will post ($0.50) EPS for the current fiscal year.
A number of research firms have recently issued reports on HTZ. MKM Partners reissued a “buy” rating and issued a $22.00 price target (down from $29.00) on shares of Hertz Global Holdings in a research report on Tuesday, June 6th. Deutsche Bank AG reissued a “hold” rating and issued a $24.00 price target on shares of Hertz Global Holdings in a research report on Wednesday, March 1st. Barclays PLC reissued an “equal weight” rating and issued a $23.00 price target (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th. Morgan Stanley reduced their price target on shares of Hertz Global Holdings from $30.00 to $20.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 28th. Finally, Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, February 23rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Hertz Global Holdings currently has a consensus rating of “Hold” and an average target price of $30.76.
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About Hertz Global Holdings
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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