Brokerages Set $34.00 Price Target for Hertz Global Holdings Inc. (NYSE:HRI)
Shares of Hertz Global Holdings Inc. (NYSE:HRI) have received a consensus broker rating score of 2.50 (Hold) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Three equities research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. Hertz Global Holdings’ rating score has declined by 25% from 90 days ago as a result of various analysts’ upgrades and downgrades.
Brokerages have set a 1-year consensus price objective of $34.00 for the company and are forecasting that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Hertz Global Holdings an industry rank of 154 out of 265 based on the ratings given to related companies.
A number of equities analysts recently weighed in on HRI shares. Longbow Research started coverage on Hertz Global Holdings in a research report on Thursday, July 7th. They issued a “neutral” rating for the company. KeyCorp started coverage on Hertz Global Holdings in a research report on Wednesday, July 6th. They issued a “sector weight” rating for the company. Zacks Investment Research upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Monday, July 18th. Finally, Barclays PLC started coverage on Hertz Global Holdings in a research report on Monday, August 15th. They issued an “equal weight” rating and a $34.00 price target for the company.
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In other Hertz Global Holdings news, Director James H. Browning acquired 1,500 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was purchased at an average cost of $32.94 per share, for a total transaction of $49,410.00. Following the transaction, the director now owns 1,500 shares of the company’s stock, valued at approximately $49,410. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.40% of the company’s stock.
Hertz Global Holdings (NYSE:HRI) traded down 2.36% during mid-day trading on Tuesday, reaching $32.75. 263,374 shares of the company were exchanged. Hertz Global Holdings has a 12 month low of $20.85 and a 12 month high of $60.15. The stock’s 50-day moving average is $33.95 and its 200-day moving average is $31.11. The company has a market cap of $927.15 million, a P/E ratio of 10.93 and a beta of 2.35.
Hertz Global Holdings (NYSE:HRI) last announced its earnings results on Tuesday, August 9th. The company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.59. Hertz Global Holdings had a net margin of 3.07% and a return on equity of 11.95%. The firm had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. Equities analysts expect that Hertz Global Holdings will post $0.19 earnings per share for the current year.
About Hertz Global Holdings
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