NEW YORK, February 21, 2017 /PRNewswire/ --
Rental and Leasing Services companies rent various equipment, products, and services to consumers and businesses. They are generally structured as corporations and offer dividend yields that are above average when compared to the wider market. Today, Stock-Callers.com takes a closer look at these four stocks: Hertz Global Holdings Inc. (NYSE: HTZ), United Rentals Inc. (NYSE: URI), Avis Budget Group Inc. (NASDAQ: CAR), and Rent-A-Center Inc. (NASDAQ: RCII). Learn more about these stocks by downloading their comprehensive and free reports at:
Estero, Florida-based Hertz Global Holdings Inc.'s shares finished Friday's session 7.66% lower at $20.00. A total volume of 5.48 million shares was traded, which was above their three months average volume of 2.04 million shares. The stock is trading below its 50-day moving average by 8.93%. Moreover, shares of Hertz Global Holdings, which engages in the car rental business in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East, and New Zealand, have a Relative Strength Index (RSI) of 42.07.
On February 15th, 2017, Hertz Global announced its sponsorship of the DRIVE Innovation Center launched by the Mayer Group in Tel Aviv to promote the development of cutting edge technology for the smart mobility domain, including car rental. The DRIVE Innovation Center is the first of its kind and will introduce Hertz to Israeli-based start-ups and entrepreneurs to provide them with guidance on car rental business model development and value creation, as well as explore partnership opportunities. Hertz will have first-hand insight into potentially disruptive technologies with the chance to influence the development of the next generation of innovative ideas.
On February 17th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Neutral' to 'Underperform'. HTZ complete research report is just a click away and free at:
Shares in Stamford, Connecticut headquartered United Rentals Inc. ended the day 1.43% lower at $126.03 with a total trading volume of 1.12 million shares. The stock has advanced 14.11% in the last month, 36.81% in the previous three months, and 19.37% on an YTD basis. The Company's shares are trading 10.13% and 46.76% above their 50-day and 200-day moving averages, respectively. Moreover, shares of United Rentals, which through its subsidiaries, operates as an equipment rental company, have an RSI of 59.34.
On January 25th, 2017, United Rentals and NES Rentals Holdings II, Inc. ("NES") announced that they have entered into a definitive agreement under which United Rentals will acquire NES for approximately $965 million in cash. The board of directors of United Rentals and Diamond Castle Holdings LLC, the majority owner of NES, unanimously approved the agreement. The transaction is expected to close early in Q2 2017, subject to Hart-Scott-Rodino clearance and customary conditions.
On February 02nd, 2017, research firm Argus downgraded the Company's stock rating from 'Buy' to 'Hold'. The complimentary report on URI can be downloaded at:
Parsippany, New Jersey headquartered Avis Budget Group Inc.'s stock sank 5.59%, closing the session at $33.76. A total volume of 6.07 million shares was traded, which was above their three months average volume of 1.62 million shares. The Company's shares are trading 3.57% below their 200-day moving average. Additionally, shares of Avis Budget Group, which together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide, have an RSI of 37.29.
On February 15th, 2017, Avis Budget reported revenue of $1.9 billion and a net loss of $31 million, or $0.35 per share for Q4 2016. The Company reported adjusted EBITDA of $121 million and adjusted net income of $13 million, or $0.15 per diluted share, in Q4 2016. For full year 2016, the Company reported revenue of $8.7 billion, an increase of 2% compared with full year 2015. Net income was $163 million, or $1.75 per diluted share, for the full year 2015.
On February 17th, 2017, research firm Credit Suisse downgraded the Company's stock rating from 'Outperform' to 'Neutral'. Sign up for your complimentary research report on CAR at:
On Friday, shares in Plano, Texas headquartered Rent-A-Center Inc. finished the session 3.07% lower at $8.20. A total volume of 4.11 million shares was traded, which was above their three months average volume of 1.73 million shares. The stock is trading below its 50-day moving average by 19.00%. Furthermore, shares of Rent-A-Center, which together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis, have an RSI of 35.87.
On February 20th, 2017, AcceptanceNOW, a nationwide pioneer in the operation of rent-to-own kiosks within third-party retail outlets, and a division of Rent-A-Center, announced that, beginning next month, it will be the exclusive no-credit-needed payment option for Rooms To Go. Get free access to your research report on RCII at:
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