Hertz Global Holdings Rating Reiterated by Goldman Sachs Group Inc. (HTZ)
Hertz Global Holdings (NYSE:HTZ)‘s stock had its “buy” rating reiterated by stock analysts at Goldman Sachs Group Inc. in a report issued on Thursday, Analyst Ratings Network reports. They currently have a $31.00 price target on the stock. Goldman Sachs Group Inc.’s price objective suggests a potential upside of 20.25% from the company’s current price.
In other Hertz Global Holdings news, Director Of America Corp /De/ Bank bought 2,900 shares of Hertz Global Holdings stock in a transaction dated Monday, September 16th. The stock was purchased at an average price of $27.39 per share, for a total transaction of $79,431.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
HTZ has been the subject of a number of other recent research reports. Analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hertz Global Holdings (NYSE:HTZ) in a research note to investors on Tuesday, July 30th. They now have a $33.00 price target on the stock. Analysts at Barclays Capital raised their price target on shares of Hertz Global Holdings (NYSE:HTZ) from $30.00 to $31.00 in a research note to investors on Tuesday, July 30th. They now have an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Hertz Global Holdings has a consensus rating of “Buy” and a consensus target price of $28.67.
Hertz Global Holdings (NYSE:HTZ) traded down 12.45% during mid-day trading on Thursday, hitting $22.57. The stock had a trading volume of 27,795,594 shares. Hertz Global Holdings has a one year low of $12.97 and a one year high of $27.75. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $24.66. The company has a market cap of $9.062 billion and a price-to-earnings ratio of 33.52.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.45 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.45. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts predict that Hertz Global Holdings will post $1.89 earnings per share for the current fiscal year.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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