Hertz Global Holdings Given Consensus Recommendation of “Buy” by Brokerages (NYSE:HTZ)
Shares of Hertz Global Holdings (NYSE:HTZ) have received an average rating of “Buy” from the twelve ratings firms that are currently covering the company, Analyst RN reports. Four research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $30.00.
Shares of Hertz Global Holdings (NYSE:HTZ) traded down 8.71% during mid-day trading on Friday, hitting $27.835. The stock had a trading volume of 17,743,754 shares. Hertz Global Holdings has a 52 week low of $19.73 and a 52 week high of $30.52. The stock has a 50-day moving average of $28.76 and a 200-day moving average of $26.89. The company has a market cap of $12.461 billion and a price-to-earnings ratio of 40.12.
Hertz Global Holdings (NYSE:HTZ) last released its earnings data on Tuesday, March 18th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by $0.06. The company had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts expect that Hertz Global Holdings will post $1.86 EPS for the current fiscal year.
A number of research firms have recently commented on HTZ. Analysts at Zacks upgraded shares of Hertz Global Holdings from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $31.00 price target on the stock. Finally, analysts at Wells Fargo & Co. reiterated a “positive” rating on shares of Hertz Global Holdings in a research note on Thursday, April 17th.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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