Rental & Leasing Services Stocks on Investors' Radar -- Avis Budget, United Rentals, Hertz Global, and Rent-A-Center
NEW YORK, November 8, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com turns investors' attention to the Rental and Leasing Services industry, which rents various equipment, products and services, such as cars, heavy equipment and furniture, to individuals and businesses. Companies in this category offer dividend yields that are above average when compared to the wider market. Equities featured are: Avis Budget Group Inc. (NASDAQ: CAR), United Rentals Inc. (NYSE: URI), Hertz Global Holdings Inc. (NYSE: HTZ), and Rent-A-Center Inc. (NASDAQ: RCII). Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Avis Budget Group
Parsippany, New Jersey headquartered Avis Budget Group Inc.'s stock finished Monday's session 3.37% higher at $39.00. A total volume of 3.83 million shares was traded, which was above their three months average volume of 2.16 million shares. The Company's shares have advanced 19.78% in the past month, 1.72% over the previous three months, and 7.47% since the start of this year. The stock is trading 12.90% above its 50-day moving average and 26.49% above its 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 a Relative Strength Index (RSI) of 72.62.
On October 24th, 2016, research firm Goldman initiated a 'Neutral' rating on the Company's stock, issuing a target price of $30 per share.
On November 02nd, 2016, Avis Budget reported revenue of $2.7 billion for Q3 2016, a Company record, and net income of $209 million, or $2.28 per share. The Company reported record adjusted EBITDA of $469 million and adjusted net income of $227 million, or $2.47 per share. Earnings per share increased 29% on a y-o-y basis and adjusted earnings per share increased 25% from Q3 2015. CAR complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=CAR
United Rentals
On Monday, Stamford, Connecticut headquartered United Rentals Inc.'s stock recorded a trading volume of 1.71 million shares, and ended the session 5.47% higher at $76.11. The Company's shares have advanced 4.92% on an YTD basis. The stock is trading 12.27% above its 200-day moving average. Moreover, shares of United Rentals, which through its subsidiaries, operates as an equipment rental company, have an RSI of 50.03.
On October 24th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'.
As per notes filed with the SEC on November 7th, 2016, United Rentals completed an offering of $750 million aggregate principal amount of its 5.50% Senior Notes due 2027. The Notes will mature on May 15th, 2027, and bear interest at a rate of 5.50% per year payable semi-annually in cash in arrears on February 15th and August 15th of each year. The first such interest payment will be made on February 15th, 2017. The complimentary report on URI can be downloaded at:
http://stock-callers.com/registration/?symbol=URI
Hertz Global
Shares in Estero, Florida-based Hertz Global Holdings Inc. closed the day 7.26% higher at $35.74. The stock recorded a trading volume of 2.19 million shares, which was higher than its three months average volume of 1.26 million shares. The Company's shares are trading 13.07% below their 50-day moving average. Additionally, 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 an RSI of 47.96.
On October 24th, 2016, research firm Goldman initiated a 'Sell' rating on the Company's stock, issuing a target price of $29 per share.
On November 07th, 2016, Hertz Global reported Q3 2016 net income from continuing operations of $44 million, or $0.52 per diluted share, compared to net income from continuing operations of $217 million, or $2.38 per diluted share, during Q3 2015. Total revenues for the reported quarter were $2.5 billion, a 1% decline versus Q3 2015. Income from continuing operations before income taxes for Q3 2016 was $108 million versus $256 million in Q3 2015. Sign up for your complimentary research report on HTZ at:
http://stock-callers.com/registration/?symbol=HTZ
Rent-A-Center
At the close, shares in Plano, Texas headquartered Rent-A-Center Inc. ended the day at $10.60, rising 2.22%. The stock recorded a trading volume of 712,055 shares. The Company's shares are trading below their 50-day moving average by 7.00%. 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 52.17.
On October 13th, 2016, research firm Jefferies initiated a 'Hold' rating on the Company's stock, issuing a target price of $10 per share.
On October 26th, 2016, Rent-A-Center reported that Q3 2016 diluted earnings per share were $0.11 compared to $0.47 for Q3 2015. The company's consolidated total revenues decreased 12.3% to $693.9 million and same store sales dropped 8.4%. Get free access to your research report on RCII at:
http://stock-callers.com/registration/?symbol=RCII
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