Hertz Global Holdings 주식 (NASDAQ: HTZ)

에 대한 최신 뉴스 Hertz Global Holdings (NASDAQ:HTZ) 주식

Hertz Global Holdings

Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.

News

General

Rydex ETF Trust S&P Midcap 400 Pure Value ETF

허츠 글로벌 홀딩스(NASDAQ:HRZ)의 24회계년도 1분기 매출이 전년 동기 대비 1.6% 증가한 20억 8천만 달러를 기록했다고 보고했다. 조정 주당 손실(EPS)은 1.28달러로 애널리스트 컨센서스 예측치인 0.44달러 손실을 하회했다.

허츠: 높은 차량 유지 비용과 유동성 문제로 인해 등급 하향 조정, 주가 하락

Tech

자동차 렌탈 회사인 허츠 글로벌 홀딩스(NASDAQ:HTZ)는 현재 보유 차량에서 전기 자동차 30,000대를 제거하려고 한다. 이는 올해 초 발표한 수치보다 훨씬 높은 수치이다. What Happened: 올해 초 허츠(Hertz)는 높은 수리 비용을 원동력으로 이유로 2024년까지 전기 자동차(EV) 차량을 20,000 대를 줄일 계획이라고 발표했다. 그러나 목요일 회사의 1분기 실적 발표에서 이 회사의 최고 운영 책임자(COO)인 저스틴 케피(Justin Keppy)는 EV 폐기 계획을 10,000대 더 늘렸다고 말했다.

자동차 렌탈 회사인 허츠의 올해 EV 폐기 계획에 10,000대 추가: 테슬라에 또 다른 타격?

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벤징가(Benzinga)는 지난주 많은 투자자가 좋아하는 주식에 대한 전망을 조사했다 – 여기 벤징가가 쓴 몇 가지 인기 기사를 살펴보자.
다우지수가 2024년 주간 최고 하락폭을 기록하며 2.27% 급락하는 등 월스트리트에서는 힘든 한 주였다. S&amp;P 500과 나스닥도 각각 0.95%, 0.8% 하락하며 압박감을 느꼈다.

벤징가 불스 앤 베어스: 테슬라, 애플, 시바 이누 그리고 메타, 비트코인, 허츠

Hertz Global Holdings, Inc - Common Stock

Hertz Global Holdings Inc

<h3>Gainers</h3>
<ul>
<li>Triumph Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGI#NYSE">TGI</a>) shares increased by 21.7% to $19.8 during Tuesday's pre-market session. The company's market cap stands at $1.5 billion. The company's, Q2 earnings came out today. </li>
<li>Bridger Aerospace Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BAER#NASDAQ">BAER</a>) shares moved upwards by 17.14% to $4.1. The company's market cap stands at $217.9 million. The company's, Q3 earnings came out yesterday. </li>
<li>Volato Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SOAR#AMEX">SOAR</a>) shares rose 13.23% to $0.28. The market value of their outstanding shares is at $8.2 million. </li>
<li>Alight (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALIT#NYSE">ALIT</a>) stock increased by 12.6% to $8.4. The market value of their outstanding shares is at $4.4 billion. As per the press release, Q3 earnings came out today. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares increased by 12.21% to $5.42. The market value of their outstanding shares is at $7.2 million. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares rose 10.2% to $2.7. The company's market cap stands at $285.7 million. As per the press release, Q3 earnings came out 3 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Team (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TISI#NYSE">TISI</a>) shares declined by 26.3% to $15.75 during Tuesday's pre-market session. The company's market cap stands at $69.6 million. The company's, Q3 earnings came out yesterday. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares decreased by 20.96% to $0.83. The company's market cap stands at $36.9 million. </li>
<li>FreightCar America (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RAIL#NASDAQ">RAIL</a>) shares fell 19.8% to $12.6. The company's market cap stands at $237.8 million. As per the press release, Q3 earnings came out today. </li>
<li>Founder Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGL#NASDAQ">FGL</a>) stock decreased by 11.74% to $1.58. The company's market cap stands at $26.7 million. </li>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares decreased by 10.98% to $3.0. The company's market cap stands at $919.5 million. As per the news, the Q3 earnings report came out today. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) stock declined by 10.59% to $0.35. The market value of their outstanding shares is at $10.2 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Tuesday's Pre-Market Session

Hertz Global Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares are trading lower Tuesday after the company reported third-quarter earnings that fell short of analyst expectations. Here&#8217;s <a href="https://www.benzinga.com/quote/HTZ/earnings">what you need to know.</a>
What To Know: Hertz Global posted a third-quarter loss of 68 cents per share, missing the consensus estimate for a loss of 50 cents per share. Revenue for the quarter fell 3.8% year-over-year to $2.6 billion, below analyst projections of $2.7 billion, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
The company noted that its third-quarter results were impacted by a $1 billion non-cash asset impairment charge, mainly due to decreased fleet residual values as Hertz accelerated its fleet rotation initiative. The company&#8217;s rotation strategy led to a notable increase in vehicle depreciation expenses, which hit $937 million for the quarter, up substantially from the previous year.
CEO Gil West commented on Hertz's ongoing transformation, stating that the company is focused on its "back-to-basics strategy" aimed at sustainable, long-term shareholder returns. Hertz aims to complete its fleet rotation by the end of 2025, at which point it anticipates that depreciation per unit will normalize to under $300.
&#8220;Our team&#8217;s commitment to both our customers and our strategic objectives were evident throughout the summer. This dedication is reflective of our ongoing endeavors to improve operational performance and reposition the Company to achieve against its value proposition,&#8221; West said.
&#8220;There is still work to be done, but I am confident that the enhancements achieved over the course of this quarter demonstrate that we are on the right track.&#8221;
HTZ Price Action: Hertz Global shares were down 1.63% at $3.31 at the time of publication, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
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Image via Shutterstock.

Hertz Stock Slides After Posting Weak Q3 Earnings: 'Still Work To Be Done ... We Are On The Right Track'

Hertz Global Holdings shares are trading lower after the company reported worse-than-expected Q3 financial results.

Guidance

Hertz Says Co 'expects to substantially complete the fleet rotation by the end of 2025, at which time it expects that DPU could normalize to under $300.'

Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) reported quarterly losses of $(0.68) per share which missed the analyst consensus estimate of $(0.50) by 36 percent. The company reported quarterly sales of $2.600 billion which missed the analyst consensus estimate of $2.696 billion by 3.55 percent. This is a 3.81 percent decrease over sales of $2.703 billion the same period last year.

Earnings

Earnings Misses

Hertz Global Holdings Q3 2024 Adj. EPS $(0.68) Misses $(0.50) Estimate, Sales $2.600B Miss $2.696B Estimate

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Earnings Scheduled For November 12, 2024

Across the recent three months, 4 analysts have shared their insights on Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $4.75, a high estimate of $7.00, and a low estimate of $3.00. Highlighting a 24.96% decrease, the current average has fallen from the previous average price target of $6.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729544491_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Hertz Global Holdings among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$3.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Hertz Global Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Hertz Global Holdings compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Hertz Global Holdings's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hertz Global Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hertz Global Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>About Hertz Global Holdings</h2>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Breaking Down Hertz Global Holdings's Financial Performance</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Hertz Global Holdings's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -3.45%. This indicates a decrease in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Hertz Global Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -36.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hertz Global Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -36.27%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Hertz Global Holdings's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -3.5%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Hertz Global Holdings's debt-to-equity ratio surpasses industry norms, standing at 9.95. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Decoding 4 Analyst Evaluations For Hertz Global Holdings

Hertz Global Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) <a href="https://www.benzinga.com/topic/mobility">is hurting</a>.
What Happened: JPMorgan Chase analysts have officially thrown the car rental service into the Underweight category.
&#8220;We believe rental car companies have structurally increased their earnings power on price discovery and Hertz has before it a number of company-specific opportunities to grow earnings, including new partnerships,&#8221; the analysts wrote in a Monday report.
Among the companies Hertz has partnered with are American Express, Tripadvisor, Uber, and Carvana. 
But the analysts &#8220;likely overestimated&#8221; the degree of company-specific structural drivers of higher earnings. Now, they&#8217;re scrapping the $5 price target for December 2024 altogether, citing a decline in underlying EBITDA.
JPMorgan also doesn&#8217;t expect Hertz to generate positive free cash flow in 2025, &#8220;leading to an inability to capitalize upon its now lower share price via repurchases.&#8221;
That&#8217;s not all. Analysts pointed out how Hertz&#8217;s <a href="https://www.benzinga.com/news/24/06/39221144/car-rental-firm-hertz-reportedly-seeks-700m-lifeline-as-ev-strategy-stalls">ill-fated attempt</a> to go green resulted in about $1 billion in losses.
Those losses stem from the sinking value of used electric vehicles and pricier repair costs.
See Also: <a href="https://www.benzinga.com/news/24/10/41417317/southwest-airlines-in-settlement-talks-with-activist-investor-elliott-management-to-avoid-proxy-figh">Southwest Airlines In Settlement Talks With Activist Investor Elliott Management To Avoid Proxy Fight</a>
Why It Matters: JPMorgan is lowering its 2026 earnings forecast for Estero, Florida-based Hertz to $400 million. That&#8217;s down from their previous 2025 estimate of $425 million. 
Hertz &#8220;is unlikely to generate positive free cash flow in both 2024 and 2025.&#8221; Also, the company likely won&#8217;t capitalize upon its now lower share price via repurchases, the analysts wrote.
Lastly, Hertz may be on the hook for a $272 million bill related to make-whole premiums and post-petition interest from its earlier bankruptcy, thanks to a U.S. Appeals Court ruling in September, <a href="https://www.wsj.com/articles/hertz-bondholders-win-appeal-for-272-million-from-bankruptcy-dispute-b3376447">according </a>to the Wall Street Journal.
What&#8217;s Next: JPMorgan advises investors to buckle up for volatility, as Hertz isn't expected to return to normalized earnings until after 2026.
Price Action: Shares of Hertz were down 8.6% to $2.97 on Monday.
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Image: Shutterstock

Downgrades

Hertz Gets Downgraded, JPMorgan Warns Of Bumpy Road Ahead For Car Renter

WIIM

Hertz Global Holdings shares are trading lower after JP Morgan downgraded the stock from Neutral to Underweight.

Across the recent three months, 4 analysts have shared their insights on Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), expressing a variety of opinions spanning from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Hertz Global Holdings, revealing an average target of $4.75, a high estimate of $7.00, and a low estimate of $3.00. This current average has decreased by 24.96% from the previous average price target of $6.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1729519241_0_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
A comprehensive examination of how financial experts perceive Hertz Global Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$3.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hertz Global Holdings. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Hertz Global Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Hertz Global Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Hertz Global Holdings's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hertz Global Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Discovering Hertz Global Holdings: A Closer Look</h2>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Hertz Global Holdings's Financial Performance</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Hertz Global Holdings's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.45% in revenue growth, reflecting a decrease in top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Hertz Global Holdings's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -36.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -36.27%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Hertz Global Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.5%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 9.95, Hertz Global Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Forecasting The Future: 4 Analyst Projections For Hertz Global Holdings

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>JP Morgan analyst Ryan Brinkman downgraded Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) from Neutral to Underweight. Hertz Global shares closed at $3.25 on Friday. <a href="https://www.benzinga.com/quote/HTZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Goldman Sachs analyst Caitlin Burrows downgraded the rating for Prologis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>) from Buy to Neutral and slashed the price target from $142 to $132. Prologis shares closed at $122.50 on Friday. <a href="https://www.benzinga.com/quote/PLD/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays analyst Brandon Oglenski downgraded United Parcel Service, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) from Equal-Weight to Underweight and maintained the price target of $120. UPS shares closed at $135.93 on Friday. <a href="https://www.benzinga.com/quote/UPS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen analyst Jeffrey Osborne downgraded SolarEdge Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>) from Buy to Hold and lowered the price target from $35 to $16. SolarEdge shares closed at $17.31 on Friday. <a href="https://www.benzinga.com/quote/SEDG/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>JP Morgan analyst Ryan Brinkman downgraded the rating for Camping World Holdings, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CWH#NYSE">CWH</a>) from Overweight to Neutral and lowered the price target from $25 to $24. Camping World shares closed at $23.12 on Friday. <a href="https://www.benzinga.com/quote/CWH/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying UPS stock? Here&#8217;s what analysts think: 
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Pre-Market Outlook

Markets

SEDG

This UPS Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Monday.
Shares of Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares fell sharply in today's pre-market trading<a href="https://www.benzinga.com/quote/LU/earnings"> following third-quarter results</a>.
Lufax Holding posted quarterly GAAP EPADS of $(0.16). The company posted sales of $789.928 million, missing estimates of $853.934 million.
Lufax Holding shares dipped 9.2% to $2.87 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>LifeStance Health Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFST#NASDAQ">LFST</a>) shares dipped 8.6% to $6.46 in pre-market trading. LifeStance Health Group will issue its third quarter earnings release before the opening bell on Thursday, Nov. 7.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares fell 6.1% to $7.56 in pre-market trading. Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares fell 4.7% to $18.68 in pre-market trading. Wells Fargo analyst Ike Boruchow, last week, downgraded VF from Equal-Weight to Underweight and lowered the price target from $16 to $15.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares fell 4.6% to $3.10 in pre-market trading.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) shares fell 4.5% to $10.74 in pre-market trading. Canada Goose will announce results for the second quarter of fiscal year 2025, before markets open on Thursday, Nov. 7.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares fell 3.8% to $26.85 in pre-market trading. On Friday, Barclays analyst Ryan Macwilliams downgraded Zeta Global from Overweight to Equal-Weight and maintained the price target of $28.</li>
<li>Dorchester Minerals, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DMLP#NYSE">DMLP</a>) shares fell 3.7% to $31.70 in pre-market trading. Dorchester Minerals announced its third quarter distribution.</li>
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DMLP

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JBLU

LFST

SAVE

ZETA

Lufax Holding, JetBlue Airways And Other Big Stocks Moving Lower In Monday's Pre-Market Session

JP Morgan analyst Ryan Brinkman downgrades Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) from Neutral to Underweight.

JP Morgan Downgrades Hertz Global Holdings to Underweight

Teamsters Says Hertz Teamsters Authorize Strike As Contract Expiration Looms

During the last three months, 6 analysts shared their evaluations of Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>), revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $4.67, a high estimate of $7.00, and a low estimate of $3.00. This current average represents a 22.17% decrease from the previous average price target of $6.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1726776051_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Hertz Global Holdings by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Dan Levy</td>
<td>Barclays</td>
<td>Announces</td>
<td>Underweight</td>
<td>$3.00</td>
<td>-</td>
</tr>
<tr>
<td>Adam Jonas</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$7.00</td>
<td>$8.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$4.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Ryan Brinkman</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$7.00</td>
</tr>
<tr>
<td>Lizzie Dove</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$3.00</td>
<td>$4.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Hertz Global Holdings. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Hertz Global Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Hertz Global Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Hertz Global Holdings's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/HTZ/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Hertz Global Holdings analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Hertz Global Holdings's Background</h2>
Hertz Global Holdings Inc is engaged in the vehicle rental and leasing business and operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and other services. Its operating segments and organized are based on the products and services provided and the geographic areas as :Americas RAC -which derives maximum revenue, includes Rental of vehicles, as well as sales of value-added services, in the U.S., Canada, Latin America and the Caribbean; and International RAC - Rental of vehicles, as well as sales of value-added services, in locations other than the U.S., Canada, Latin America and the Caribbean.
<h3>Hertz Global Holdings's Economic Impact: An Analysis</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining Hertz Global Holdings's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -3.45% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Hertz Global Holdings's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -36.76%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Hertz Global Holdings's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -36.27%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Hertz Global Holdings's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.5%, the company may face hurdles in achieving optimal financial performance.
Debt Management: With a high debt-to-equity ratio of 9.95, Hertz Global Holdings faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 6 Analyst Recommendations For Hertz Global Holdings

Barclays analyst Dan Levy initiates coverage on Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) with a Underweight rating and announces Price Target of $3.

Price Target

Initiation

Barclays Initiates Coverage On Hertz Global Holdings with Underweight Rating, Announces Price Target of $3

U.S. stock futures were higher this morning, with the Dow futures gaining over 1% on Thursday.
Shares of Steelcase Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCS#NYSE">SCS</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/09/40929014/steelcase-stock-falls-after-q2-revenue-miss-details">second-quarter revenue results</a>.
Steelcase reported quarterly earnings of 39 cents per share, which beat the analyst consensus estimate of 37 cents. Quarterly revenue of $855.8 million missed the analyst consensus estimate of $864.1 million by 0.96%.
Steelcase shares dipped 8.9% to $12.85 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) fell 23.2% to $18.78 in pre-market trading.</li>
<li>Veea Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEA#NASDAQ">VEEA</a>) shares fell 15.8% to $10.31 in pre-market trading. Veea shares jumped 131% on Wednesday after the company announced a strategic partnership with Crowdkeep to integrate their respective technologies into a singular, tailored solution to track assets, people, and conditions across a variety of use cases.</li>
<li>Eldorado Gold Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>) shares declined 4.9% to $16.23 in pre-market trading.</li>
<li>Instil Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIL#NASDAQ">TIL</a>) shares fell 3.2% to $64.02 in pre-market trading. The company recently announced the global registrational strategy for the PD-L1xVEGF bispecific antibody SYN-2510/IMM2510 in combination with chemotherapy in front-line non-small cell lung cancer and in front-line triple-negative breast cancer.</li>
<li>American Healthcare REIT, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AHR#NYSE">AHR</a>) shares declined 3% to $23.79 in pre-market trading. American Healthcare REIT priced its upsized public offering of 17.4 million common shares at $23.55 per share.</li>
<li>Applied Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLT#NASDAQ">APLT</a>) shares fell 2.6% to $7.65 in pre-market trading. Applied Therapeutics shares jumped around 69% on Wednesday after the FDA communicated that an advisory committee meeting would no longer be required.</li>
<li>Hertz Global Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NYSE">HTZ</a>) shares fell 1.6% to $3.64 in pre-market trading.</li>
</ul>
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APLT

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Steelcase Reports Weak Sales, Joins American Healthcare REIT And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

U.S. stocks were mixed, with the Dow Jones index gaining around 200 points on Monday.
Shares of Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) rose sharply during Monday's session after the company agreed to sell its 25.1% joint venture stake in Ma&#8217;aden for $1.1 billion, including $950 million <a href="https://www.benzinga.com/markets/equities/24/09/40873786/alcoa-pockets-1-1b-from-saudi-joint-venture-sale-details">in Ma&#8217;aden shares.</a>
Alcoa shares jumped 6.5% to $34.63 on Monday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Ascendis Pharma A/S (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASND#NASDAQ">ASND</a>) shares jumped 19.8% to $142.76 after the company announced topline data from its pivotal approach trial of Transcon CNP (Navepegritide).</li>
<li>Bausch + Lomb Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCO#NASDAQ">BLCO</a>) shares gained 15% to $17.86. Needham reiterated a Hold rating on Bausch &amp; Lomb.</li>
<li>Nuvalent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUVL#NASDAQ">NUVL</a>) climbed 12.8% to $98.70 after the company highlighted results for its ROS1 and ALK-Positive NSCLC programs and accelerated its development timeline. Also, the company announced a $350 million public offering and multiple firms raised their respective price targets on the stock.</li>
<li>Fitell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) gained 12.5% to $17.75.</li>
<li>JBDI Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBDI#NASDAQ">JBDI</a>) jumped 11.1% to $29.38.</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) surged 10.3% to $49.46. Lattice Semiconductor appointed Ford Tamer as CEO, effective immediately.</li>
<li>EchoStar Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) rose 8.4% to $26.33. Morgan Stanley, on Friday, raised its price target on the stock from $14 to $20.</li>
<li>Stratasys Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSYS#NASDAQ">SSYS</a>) rose 7.9% to $7.61 after the company authorized a share repurchase program of up to $50 million.</li>
<li>Corvus Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRVS#NASDAQ">CRVS</a>) gained 7.5% to $5.48. The announced it initiated the registrational Phase 3 clinical trial of Soquelitinib for patients with relapsed or refractory peripheral T-cell lymphoma.</li>
<li>Viasat, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>) rose 6.3% to $13.57.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) rose 5.5% to $3.1650.</li>
<li>Sprouts Farmers Market, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFM#NASDAQ">SFM</a>) gained 4.2% to $106.42. Evercore ISI Group analyst Michael Morris upgraded Sprouts Farmers Market from In-Line to Outperform and raised the price target from $96 to $120.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/24/09/40876800/this-analyst-with-86-accuracy-rate-sees-around-9-upside-in-rh-here-are-5-stock-picks-for-last-week-f"> </a>
<ul>
<li><a href="https://www.benzinga.com/24/09/40876800/this-analyst-with-86-accuracy-rate-sees-around-9-upside-in-rh-here-are-5-stock-picks-for-last-week-f">This Analyst With 86% Accuracy Rate Sees Around 9% Upside In RH &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

Intraday Update

ASND

BLCO

FTEL

JBDI

LSCC

NUVL

SATS

SSYS

VSAT

Alcoa, Lattice Semiconductor, Stratasys And Other Big Stocks Moving Higher On Monday

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said recommended buying Vertiv Holdings Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), saying it has &#8220;<a href="https://www.benzinga.com/news/earnings/24/07/39938457/vertivs-focus-on-ai-drives-q2-revenue-and-profit-growth-guidance-boost-more">come down enough.&#8221;</a>
On July 24, Vertiv said second-quarter net sales rose 13% Y/Y to $1.953 billion, beating the consensus of $1.939 billion. Organic orders (excluding foreign exchange) rose 57% Y/Y in the quarter. The book-to-bill ratio stood at 1.4x in the quarter.
AES (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AES#NYSE">AES</a>) is &#8220;good,&#8221; Cramer said. &#8220;It's very inexpensive, let's go for it.&#8221;
On Aug. 1, AES reported mixed financial results for the second quarter. AES reported quarterly earnings of 38 cents per share which beat the analyst consensus estimate of 37 cents per share. The company reported quarterly sales of $2.94 billion which missed the analyst consensus estimate of $3.19 billion.
When asked about NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), &#8220;I don't get this. I've got to find out what's the truth, and then we'll come back with a more considerate opinion.&#8221;
On Sept. 3, Wells Fargo analyst Neil Kalton maintained NextEra Energy with an Overweight and raised the price target from $95 to $102.
&#8220;That stock really does have me very concerned,&#8221; Cramer said when asked about Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>).
On Aug. 1, Hertz reported second-quarter revenue of $2.4 billion, missing the consensus estimate of $2.46 billion, according to estimates from Benzinga Pro. The company reported an adjusted earnings loss of $1.44 per share, missing analyst estimates for a loss of 90 cents per share.
Price Action:
<ul>
<li>AES shares gained 0.1% to settle at $16.20 on Monday.</li>
<li>NextEra Energy shares rose 1.5% to close at $81.19 during Monday's session.</li>
<li>Vertiv shares gained 3.8% to close at $74.48 during Monday's session.</li>
<li>Hertz gained 4.1% to settle at $2.82 during the session.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/09/40773243/top-2-health-care-stocks-that-may-collapse-this-quarter">Top 2 Health Care Stocks That May Collapse This Quarter</a></li>
</ul>
Image: Shutterstock

Media

Jim Cramer Says AES Is 'Very Inexpensive', Recommends Buying This Industrial Stock

Travel over the Labor Day holiday has <a href="https://www.benzinga.com/general/education/24/08/40653618/labor-day-weekend-with-a-billionaire-did-benzinga-readers-pick-musk-branson-cuban-gates-or-bezo">picked up significantly</a> from a year ago, data revealed.
Domestic travel is up 9% from the same period last year as American Automobile Association (AAA) booking data shows a 30% jump in trips to Seattle, partly because Seattle is a major port city for cruises to Alaska.
"This is a great time of year to take a cruise to Alaska. Crowds are smaller than earlier in the summer, the weather is still decent, although chillier than in July and August, and you may even see some fall colors," said Doreen Loofburrow, senior vice president of travel at AAA Oregon/Idaho.
Gas prices over Labor Day are averaging $3.35 a gallon nationwide, down from an average of $3.81 a gallon during the same period in 2023, according to AAA.
Read Also: <a href="https://www.benzinga.com/news/24/08/40577215/elliott-plans-meeting-with-southwest-over-immense-challenges-may-push-for-board-changes">Elliott Plans Meeting With Southwest Over &#8216;Immense&#8217; Challenges, May Push For Board Changes</a>
The Transportation Security Administration (TSA) said it plans to screen more than 17 million people at airports during what is expected to be the busiest Labor Day travel period on record from Aug. 29 into Sept. 4. TSA expects to screen 2.86 million travelers on the busiest day of Aug. 30.
The TSA said this summer&#8217;s air travel volumes have been the highest it has seen in its history, and it expects passenger volumes to be 8.5% higher than last year during this time. 
&#8220;People are traveling more than ever this summer and TSA along with our airline and airport partners stand ready to close the busiest summer travel period on record during this upcoming Labor Day weekend," said TSA Administrator David Pekoske. 
Price Action: Rental car companies, airlines and cruise providers gave varied performances on Wall Street into Friday&#8217;s early-afternoon trading as the busy travel period was underway.
<ul>
<li>Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) declined 3.1% to $3.10</li>
<li>Avis Budget Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAR#NASDAQ">CAR</a>) fell 0.99% to $81.82</li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) gained 1.1% to $42.01</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rose 1.92% to $43.46</li>
<li>Carnival Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) slipped 1.42% to $16.31</li>
<li>Norwegian Cruise Line Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NCLH#NYSE">NCLH</a>) slid 0.98% to $17.67</li>
</ul>
Read Now:
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40658314/chipmakers-tick-up-as-nvidia-halts-sell-off-dollar-rises-as-traders-revise-fed-wagers-whats-driv">Chipmakers Tick Up As Nvidia Halts Sell-Off, Dollar Rises As Traders Revise Fed Wagers: What&#8217;s Driving Markets Friday?</a></li>
</ul>
Photo: Ozkan Ulucam via Shutterstock

Travel

NCLH

Labor Day Getaway: Travelers Hit The Road As Gas Prices Drop

The car rental titan's stock has tumbled 60% in the last two years and it doesn't look like investors should attempt to buy into Avis Budget just yet.

Bear Of The Day: Avis Budget Group, Inc.

Teamsters at 20 local unions have voted to ratify the Western Regional master agreement with Hertz (HTZ). The three-year agreement includes signifi...

Teamsters ratify western regional agreement with Hertz

Catalyst Watch: Eyes on tech with Apple, Amazon, Alphabet, and Meta reporting

CVS Health, Apollo Global Management, And Novo Nordisk Reported Results

Earnings week ahead: O, PLTR, QCOM, SQ, AMC, PARA, LCID, RIVN, WBD, and more

Hertz Global Holdings Q3 2024 Earnings Preview

Here's the major earnings before the open tomorrow

Reports Q3 revenue $2.6B, consensus $2.7B. "In the third quarter, we continued executing on our efforts to implement our transformation, focusing o...

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