Published: Sat, September 16, 2017
Finance | By Loren Pratt

Morgan Stanley Cuts Rating On Hertz Global Holdings, Inc (HTZ) To "Underweight"

The average volume of a stock suggests the liquidity of a particular company. The legal version of this piece can be read at Active investors may choose to use this technical indicator as a stock evaluation tool.

Cleveland-Cliffs Inc. most recently reported earnings per share (EPS) of $0.11 for the June 2017 versus $0.07 in the same quarter a year ago, representing 57% growth. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company's stock valued at $56,209,000 after acquiring an additional 1,501,599 shares during the period. The percentage of shares being held by the company management was 0.2% while institutional stake was 0%. The company's quarterly EPS surprised Wall Street by as much as -35% to the downside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. The company was downgraded on Tuesday, April 12 by Credit Suisse.

ATR value of company was 1.57 and Relative Strength Index (RSI) was 53.39.

The company is so far trading down by 1.05% percent from yesterday's close.

SG Americas Securities LLC raised its holdings in Hertz Global Holdings, Inc (NYSE:HTZ) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. If you are accessing this piece on another site, it was stolen and reposted in violation of US and worldwide copyright and trademark law.

Hertz Global Holdings, Inc (NYSE HTZ) opened at 20.97 on Friday.

A number of equities analysts recently commented on the company. BidaskClub upgraded shares of Hertz Global Holdings from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, August 16th. The firm has "Buy" rating by Craig Hallum given on Monday, July 10. On Friday, October 23 the stock rating was downgraded by TheStreet to "Sell". They cut their rating on the $2.00 billion market cap company to a "Underweight" from their past "Equal-Weight" rating, but made a decision to keep their price target of $14 on HTZ. (NYSE:HTZ), 1 have Buy rating, 5 Sell and 5 Hold. Hertz Global Holdings has a consensus rating of "Hold" and an average target price of $16.86. The stock of Hertz Global Holdings, Inc (NYSE:HTZ) earned "Underperform" rating by Credit Suisse on Friday, February 17.

Over the past 50 days, Hertz Global Holdings, Inc. stock's -13.42% off of the high and 95.62% removed from the low. The company reported revenue of $1.95 Billion in the same period a year ago. The stock last traded at $20.75 a tad under the 50 day moving average of $23.02 and marginally under the 200 day moving average of $22.55. Also, it has an estimated price-earnings (P/E) multiple of 332.86. The business had revenue of $2.22 billion for the quarter, compared to analysts' expectations of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. Zacks Investment Research cut Hertz Global Holdings from a "hold" rating to a "sell" rating in a research note on Tuesday, July 18th. For the past 5 years, the company's revenue has grown 1.2%, while the company's earnings per share has grown -38.3%.

Tracking other technical indicators, the 14-day RSI is presently standing at 55.16, the 7-day sits at 46.68, and the 3-day is resting at 25.77 for Hertz Global Holdings Inc (HTZ). 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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