Why Hertz (HTZ) Stock Is Down Today

NEW YORK (TheStreet) -- Hertz Global Holdings (HTZ) was falling -3.6% to $28.33 Tuesday after the car rental company postponed its first quarter results conference call.

In a press release Hertz announced it will announce a new date and time for the conference call ad webcast at a later time. The company is changing the time of the call to complete the closing procedures associated with the first quarter. Hertz said that more work "is required primarily related to validating its conclusions regarding the capitalization and timing of depreciation for certain non-fleet expenditures."

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TheStreet Ratings team rates HERTZ GLOBAL HOLDINGS INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."

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