Ride Out The Next Market Storm With Grupo Financiero Galicia S.A. (GGAL), Hertz Global Holdings, Inc. (HTZ)

The shares of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has been pegged with a rating of Underweight by Morgan Stanley in its latest research note that was published on August 12th, 2019. Morgan Stanley wasn’t the only research firm that published a report of Grupo Financiero Galicia S.A., with other equities research analysts also giving their opinion on the stock. Credit Suisse advised investors in its research note published on July 2nd, 2019, to Outperform the GGAL stock. The stock had earned Underweight rating from JP Morgan when it published its report on April 29th, 2019. The stock was given Underperform rating by BofA/Merrill in its report released on February 21st, 2019. BofA/Merrill was of a view that GGAL is Neutral in its latest report on October 25th, 2018. Citigroup thinks that GGAL is worth Neutral rating. This was contained in the firm’s report on August 30th, 2018.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 4 believe it has the potential for further growth, thus rating it as Hold while 0 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $30.84. The price of the stock the last time has raised by 13.58% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 23.51.

The shares of the company added by 2.87% during the trading session on Tuesday, reaching a low of $16.80 while ending the day at $17.23. During the trading session, a total of 6.74 million shares were traded which represents a -258.47% decline from the average session volume which is 1.88M shares. GGAL had ended its last session trading at 16.75. Grupo Financiero Galicia S.A. currently has a market cap of $1.82B, while its P/E ratio stands at 5.43, while its P/E earnings growth sits at 1.07, with a beta of 1.00. Grupo Financiero Galicia S.A. debt-to-equity ratio currently stands at 0.40, while its quick ratio hovers at . GGAL 52-week low price stands at $15.17 while its 52-week high price is $39.22.

The company in its last quarterly report recorded $0.84 earnings per share which is above the $0.73 predicted by most analysts. The Grupo Financiero Galicia S.A. generated $634.95 million in revenue during the last quarter, which is slightly higher than the $538.20 million predicted by analysts. In the second quarter last year, the firm recorded $0.93 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -10.71%. Grupo Financiero Galicia S.A. has the potential to record 3.18 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Barclays published a research note on August 8th, 2019 where it informed investors and clients that Hertz Global Holdings, Inc. (NYSE:HTZ) is now rated as Overweight. Their price target on the stock stands at $19. Credit Suisse also rated HTZ as Upgrade on July 2nd, 2019, with its price target of $54 suggesting that HTZ could surge by 27.71% from its current share price. Even though the stock has been trading at $13.27/share, analysts expect it to surge higher by 0.83% to reach $18.51/share. It started the day trading at $13.80 and traded between $13.08 and $13.38 throughout the trading session.

A look at its technical shows that HTZ’s 50-day SMA is 15.77 while its 200-day SMA stands at 16.52. At the moment, only of Hertz Global Holdings, Inc. shares were sold short. The company’s average trading volume currently stands at 3.90M shares, which means that the short-interest ratio is just 6.96 days. Over the past seven days, the company moved, with its shift of -10.44%. Looking further, the stock has dropped -11.74% over the past 90 days while it lost -8.38% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Icahn Associates Holding LLC bought more HTZ shares, increasing its portfolio by +51.10% during the last quarter. This move now sees Icahn Associates Holding LLC purchasing 14,168,531 shares in the last quarter, thus it now holds 41,895,315 shares of HTZ, with a total valuation of $650,215,289. Dimensional Fund Advisors LP meanwhile sold more HTZ shares in the recently filed quarter, changing its stake to $125,112,757 worth of shares.

Similarly, The Vanguard Group Inc increased its Hertz Global Holdings, Inc. shares by +1.79% during the recently filed quarter. After buying 98,538 shares in the last quarter, the firm now controls 5,608,658 shares of Hertz Global Holdings, Inc. which are valued at $87,046,372. In the same vein, D E Shaw Co LP increased its Hertz Global Holdings, Inc. shares by during the most recent reported quarter. The firm bought 119,821 shares during the quarter which increased its stakes to 5,055,464 shares and is now valued at $78,460,801. Following these latest developments, around 0.50% of Hertz Global Holdings, Inc. stocks are owned by institutional investors and hedge funds.