Research Report Coverage on Rental & Leasing Services Stocks -- Avis Budget Group, United Rentals, Hertz Global, and Red Rock Resorts
Aug 19, 2016, 08:05 ET from Chelmsford Park SA
NEW YORK, August 19, 2016 /PRNewswire/ --
Today's feature on Stock-Callers.com is the Rental and Leasing Services space, which yielded return on assets (TTM) of 1.09% in the second quarter 2016, and achieved return on investment (TTM) of 2.52%, above industry average. Stocks to assess are Avis Budget Group Inc. (NASDAQ: CAR), United Rentals Inc. (NYSE: URI), Hertz Global Holdings Inc. (NYSE: HTZ), and Red Rock Resorts Inc. (NASDAQ: RRR). These stocks research reports can be downloaded now by simply registering for free at:
http://stock-callers.com/registration
Avis Budget Group
Parsippany, New Jersey headquartered Avis Budget Group Inc.'s stock finished Thursday's session 1.95% higher at $37.13. A total volume of 2.78 million shares was traded, which was above their three months average volume of 2.36 million shares. The Company's shares have advanced 0.49% in the past month, 41.18% over the previous three months, and 2.31% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.76% and 18.90%, respectively. Furthermore, 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 52.89.
On August 17th, 2016, a subsidiary of Avis Budget Group, Zipcar and Yakima Products, Inc., announced that the two companies are joining forces to bring Yakima bike, ski and surfboard carriers to Zipcar in North America. Your complete research report on CAR can be retrieved for free at:
http://stock-callers.com/registration/?symbol=CAR
United Rentals
On Thursday, shares in Stamford, Connecticut headquartered United Rentals Inc. ended the session at $80.81, jumping 4.11%. The stock recorded a trading volume of 2.11 million shares, which was above its three months average volume of 1.84 million shares. The Company's shares have gained 15.67% in the last one month, 26.07% in the previous three months, and 11.40% since the start of this year. The stock is trading 11.76% above its 50-day moving average and 23.17% 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 62.04.
On August 8th, 2016, Echo Barrier USA announced an exclusive agreement with United Rentals Inc. for the distribution of Echo Barrier products in United Rentals branches in the United States and Canada. United Rentals will carry Echo Barrier's acoustic barrier products, including the Echo H2 Acoustic Noise Barrier, Echo H3 FR Barrier and H2O Acoustic Enclosure, as well as noise reduction accessories.
On August 18th, 2016, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'. URI free report is just a click away at:
http://stock-callers.com/registration/?symbol=URI
Hertz Global Holdings
Estero, Florida-based Hertz Global Holdings Inc.'s stock ended yesterday's session 3.55% higher at $51.32. A total volume of 1.41 million shares was traded, which was higher than the three months average volume of 1.23 million shares. The Company's shares have advanced 0.14% in the past month and 16.98% on an YTD basis. The stock is trading 6.49% above its 50-day moving average and 6.49% above its 200-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, traded at a PE ratio of 5.40.
On August 8th, 2016, Hertz Global Holdings reported a Q2 2016 net loss from continuing operations of $28 million, or $0.33 per share, compared to net income from continuing operations of $13 million, or $0.14 per share, during the same period last year. Total revenues for Q2 2016 were $2.3 billion, a 2% decline versus Q2 2015.
On August 10th, 2016, Deutsche Bank reiterated its 'Buy' rating on the Company's stock with a decrease of the target price from $76 a share to $63 a share. Sign up for your complimentary research report on HTZ at:
http://stock-callers.com/registration/?symbol=HTZ
Red Rock Resorts
At the close on Thursday, shares in Las Vegas, Nevada-based Red Rock Resorts Inc. recorded a trading volume of 375,735 shares. The stock finished 0.13% higher at $22.92. The Company's shares have gained 2.42% in the last one month, 19.23% over the previous three months, and 23.12% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.21% and 8.27%, respectively. Furthermore, shares of Red Rock Resorts, which develops, owns, operates, and manages gaming, hotel, and casino properties, have an RSI of 54.52.
On August 15th, 2016, Red Rock Resorts reported that net revenues increased 4.0% to $351.5 million compared to $337.8 million in the prior year period, the 13th consecutive quarter of y-o-y net revenue growth. Register for free on Stock-Callers.com and download the latest research report on RRR at:
http://stock-callers.com/registration/?symbol=RRR
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