We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hertz (HTZ) to Serve Lufthansa Passenger, Renews Partnership
Read MoreHide Full Article
Hertz Global Holdings Inc. (HTZ - Free Report) has renewed its long standing global partnership agreement with Lufthansa, the founder member of Star Alliance and a leading European airline. The agreement, which was initially signed in 2013, has provided significant ease and exclusive gains to Lufthansa.com passengers who opt to rent Hertz vehicles worldwide.
Lufthansa provides services to both business and leisure travel customers through its global web portal Lufthansa.com in over 83 countries and in twelve languages.
Coming back to the deal, this renewal will enable Lufthansa passengers to continue enjoying the attractive car rental offers from Hertz apart from availing the special discounts and new exclusive benefits. Furthermore, this collaboration will benefit members of Lufthansa's frequent flyer program Miles & More as they will earn a minimum of 500 miles on Hertz rentals. Also, Miles & More members who enroll for Hertz's complimentary loyalty program Gold Plus Rewards, will gain from quicker rentals, extra perks and matching their status with Gold Plus Rewards' equivalent tiers.
Hertz’s partnership with Lufthansa's Miles & More is not new either. The company has been associated with Miles & More for over 23 years now, offering special discounts and award miles on car rentals to its 25 million members. Not only this, Hertz 24/7 has been serving the Lufthansa CarPool, which is a fleet of car sharing technology enabled vehicles for Lufthansa's employees in Berlin, Frankfurt, Hamburg and Munich.
Additionally, Hertz acts as Lufthansa's exclusive partner for corporate car rental services for the airline's employees globally along with providing car rental vehicles for customers and crew in case of flight disruptions.
Hertz closed at $9.55 yesterday, down 7.6%. This Zacks Rank #5 (Strong Sell) stock has a dismal price performance history, which is evident from its underperformance of the Zacks categorized Transportation – Services industry. Hertz has plunged 55.7% year to date, compared with the industry’s growth of 10.3%.
Grupo Aeroportuario has surged 39.7% year to date. Moreover, the company has a long-term EPS growth rate of 4.4%.
Matson has a long-term EPS growth rate of 5%. Also, the company has seen positive estimate revisions in the last 60 days.
NORTHGATE has a long-term EPS growth rate of 5%. Further, the company’s estimates for the current fiscal have witnessed an uptrend in the last 60 days.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hertz (HTZ) to Serve Lufthansa Passenger, Renews Partnership
Hertz Global Holdings Inc. (HTZ - Free Report) has renewed its long standing global partnership agreement with Lufthansa, the founder member of Star Alliance and a leading European airline. The agreement, which was initially signed in 2013, has provided significant ease and exclusive gains to Lufthansa.com passengers who opt to rent Hertz vehicles worldwide.
Lufthansa provides services to both business and leisure travel customers through its global web portal Lufthansa.com in over 83 countries and in twelve languages.
Coming back to the deal, this renewal will enable Lufthansa passengers to continue enjoying the attractive car rental offers from Hertz apart from availing the special discounts and new exclusive benefits. Furthermore, this collaboration will benefit members of Lufthansa's frequent flyer program Miles & More as they will earn a minimum of 500 miles on Hertz rentals. Also, Miles & More members who enroll for Hertz's complimentary loyalty program Gold Plus Rewards, will gain from quicker rentals, extra perks and matching their status with Gold Plus Rewards' equivalent tiers.
Hertz’s partnership with Lufthansa's Miles & More is not new either. The company has been associated with Miles & More for over 23 years now, offering special discounts and award miles on car rentals to its 25 million members. Not only this, Hertz 24/7 has been serving the Lufthansa CarPool, which is a fleet of car sharing technology enabled vehicles for Lufthansa's employees in Berlin, Frankfurt, Hamburg and Munich.
Additionally, Hertz acts as Lufthansa's exclusive partner for corporate car rental services for the airline's employees globally along with providing car rental vehicles for customers and crew in case of flight disruptions.
Hertz closed at $9.55 yesterday, down 7.6%. This Zacks Rank #5 (Strong Sell) stock has a dismal price performance history, which is evident from its underperformance of the Zacks categorized Transportation – Services industry. Hertz has plunged 55.7% year to date, compared with the industry’s growth of 10.3%.
Stocks to Consider
Better-ranked stocks in the same industry include Grupo Aeroportuario del Sureste, S.A. de C.V. (ASR - Free Report) , sporting a Zacks Rank #1 (Strong Buy), Matson Inc. (MATX - Free Report) and NORTHGATE PLC , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Grupo Aeroportuario has surged 39.7% year to date. Moreover, the company has a long-term EPS growth rate of 4.4%.
Matson has a long-term EPS growth rate of 5%. Also, the company has seen positive estimate revisions in the last 60 days.
NORTHGATE has a long-term EPS growth rate of 5%. Further, the company’s estimates for the current fiscal have witnessed an uptrend in the last 60 days.
3 Top Picks to Ride the Hottest Tech Trend
Zacks just released a Special Report to guide you through a space that has already begun to transform our entire economy...
Last year, it was generating $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for those who make the right trades early. Download Report with 3 Top Tech Stocks >>