Hertz Global Holdings Lowered to “Underperform” at Zacks (HTZ)
Hertz Global Holdings (NYSE:HTZ) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Tuesday, StockRatingsNetwork reports. They currently have a $21.10 target price on the stock. Zacks‘ price objective indicates a potential downside of 4.44% from the stock’s previous close.
HTZ has been the subject of a number of other recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Hertz Global Holdings (NYSE:HTZ) in a research note to investors on Thursday, September 26th. They now have a $31.00 price target on the stock. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.59.
Hertz Global Holdings (NYSE:HTZ) traded down 0.36% during mid-day trading on Tuesday, hitting $22.08. 12,192,587 shares of the company’s stock traded hands. Hertz Global Holdings has a one year low of $12.97 and a one year high of $27.75. The stock has a 50-day moving average of $25.1 and a 200-day moving average of $24.70. The company has a market cap of $8.865 billion and a price-to-earnings ratio of 28.82. Hertz Global Holdings also saw unusually large options trading on Tuesday. Investors bought 21,194 call options on the company. This is an increase of 304% compared to the average volume of 5,247 call options.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Hertz Global Holdings will post $1.80 earnings per share for the current fiscal year.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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