State Board of Administration of Florida Retirement System increased its stake in shares of Hertz Global Holdings by 3.0% in the fourth quarter.
The company's shares are down by around 30 per cent this year and fell by around 60 per cent in 2016.
Shares of Hertz Global Holdings Inc. on Tuesday traded at their lowest level in seven years after worse-than-expected first-quarter results, but the car-rental company is not entirely to blame for the poor quarterly showing. During its last trading session, Stock traded with the total exchanged volume of 6.86 million shares.
HTZ has a 1-year high price of $ 53.14 and 1-year low price of $14.32. The shares are at this time trading -9.43% less than its SMA 50 and -15.57% under its SMA 200.
Total revenues fell 3 per cent from a year ago to $1.92bn, shy of expectations for $1.95bn.
Hertz Global Holdings, the parent company of Hertz vehicle rental franchises, saw its stock plunge 15% to $12.67 a share after reporting a first-quarter loss that was worse than analyst forecasts. The transportation company reported ($1.61) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($1.00) by $0.61.
Financial stocks saw some of the heaviest trading, and the popular Financial Select Sector SPDR ETF (NYSEMKT: XLF) trailed the broader market slightly by posting a 0.4% decline. The consensus recommendation for stock is 2.90.
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HTZ has been the subject of several recent research reports. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1 per share.
Let's have a look at some of the important valuation ratios of the Hertz Global Holdings, Inc (HTZ).
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At the moment 13 analysts are watching Hertz Global Holdings, Inc (NASDAQ:HTZ), 5 rate it "Buy", 3 "Outperform", 5 "Underperform", 0 "Sell", while 0 "Hold". Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Analyst's mean target price for HTZ is $22.57 while analysts mean recommendation is 2.90.
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Despite the fact Tractor Supply Company (NASDAQ:TSCO) was trading at volume less than average, prior 52-week high was $96.05 and plunged -33.28% over the same period, trading at a volume of 1.45 million. Revenue per available room (RevPAR) rose 3.1% on surprisingly strong travel demand in the US and in the company's Asia-Pacific region.