Hertz tanks 15% after missing big on earnings

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. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal.

On 11/10/2016 Carl C Icahn, Major Shareholder, bought 1,244,831 with an average share price of $28.10 per share and the total transaction amounting to $34,979,751.10.

HTZ has been the topic of several recent research reports. The company's price range for the trading day is $11.78 to $13.42. Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. For the next 5 years, Hertz Global Holdings, Inc.is expecting Growth of 85.7% per annum, whereas in the past 5 years the growth was 12.11% per annum. Barclays PLC restated an "equal weight" rating and issued a $23.00 price objective (down from $31.00) on shares of Hertz Global Holdings in a report on Friday, February 24th.

Other institutional investors also recently modified their holdings of the company. Icahn Carl C raised its stake in shares of Hertz Global Holdings by 126.2% in the fourth quarter.

The Estero, FL-based auto rental giant reported a Q1 net loss of ($1.61), which was $0.77 worse than the Wall Street consensus estimate of ($0.84). MKM Partners restated a "buy" rating and issued a $29.00 target price (down previously from $33.00) on shares of Hertz Global Holdings in a research note on Sunday, March 19th. State Board of Administration of Florida Retirement System increased its stake in Hertz Global Holdings by 3.0% in the fourth quarter. No trade can occur until someone is willing to sell a stock at a price that another is willing to buy it at. Finally, Credit Agricole S A purchased a new position in Hertz Global Holdings during the fourth quarter valued at $341,000.

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Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. (HTZ) touched the day high at $15.29 while its day Low was at $14.26. The stock's market capitalization is $1.24 billion. The firm's 50-day moving average is $16.75 and its 200 day moving average is $22.38.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, May 8th. The company had Year Ago Sales of 2.31 Billion.

IDRA's revenue has grown at an average annualized rate of about 214.1% during the past five years. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and 0.

Presently, Analysts assigned consensus EPS estimate of $-0.90 for present quarter and one month ago projected EPS estimate was set at $-0.78, according to FactSet data. State of New Jersey Common Pension Fund D owned 2.17% of Hertz Global Holdings as of its most recent SEC filing.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Hertz Global Holdings, Inc (HTZ) stands at 1.3 while the industry's and the sector's growth for next 5 years ticked at 4.06 and 7.23 respectively. It operates through four segments: U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations.

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