Herc Holdings Inc (NYSE:HTZ) Receives Average Rating of “Hold” from Analysts
Herc Holdings Inc (NYSE:HTZ) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, five have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.15.
Several analysts have commented on HTZ shares. MKM Partners restated a “buy” rating on shares of Herc Holdings in a report on Friday, June 17th. Vetr upgraded Herc Holdings from a “sell” rating to a “hold” rating and set a $54.25 price target for the company in a report on Monday, June 13th. Zacks Investment Research upgraded Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Deutsche Bank AG lowered their price target on Herc Holdings from $76.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, August 10th. Finally, Morgan Stanley restated a “buy” rating and issued a $65.00 price target on shares of Herc Holdings in a report on Wednesday, June 15th.
A number of institutional investors have recently added to or reduced their stakes in HTZ. BlackRock Group LTD raised its position in Herc Holdings by 0.6% in the first quarter. BlackRock Group LTD now owns 2,654,051 shares of the company’s stock valued at $27,948,000 after buying an additional 15,230 shares during the period. BlackRock Inc. raised its position in shares of Herc Holdings by 15.0% in the first quarter. BlackRock Inc. now owns 319,851 shares of the company’s stock worth $3,368,000 after buying an additional 41,777 shares during the last quarter. Teachers Advisors Inc. raised its position in shares of Herc Holdings by 127.0% in the first quarter. Teachers Advisors Inc. now owns 4,036,686 shares of the company’s stock worth $42,506,000 after buying an additional 2,258,092 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Herc Holdings by 28.7% in the first quarter. TIAA CREF Investment Management LLC now owns 8,407,835 shares of the company’s stock worth $88,535,000 after buying an additional 1,876,771 shares during the last quarter. Finally, Ngam Advisors L.P. raised its position in shares of Herc Holdings by 30.4% in the first quarter. Ngam Advisors L.P. now owns 414,571 shares of the company’s stock worth $4,366,000 after buying an additional 96,752 shares during the last quarter.
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Shares of Herc Holdings (NYSE:HTZ) traded down 3.14% during mid-day trading on Tuesday, reaching $46.55. 496,430 shares of the company traded hands. The firm’s 50 day moving average price is $48.69 and its 200-day moving average price is $48.87. Herc Holdings has a 52-week low of $41.11 and a 52-week high of $53.14. The company has a market capitalization of $3.96 billion, a P/E ratio of 5.82 and a beta of 2.43.
Herc Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.53 by $0.12. The business earned $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Herc Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. Equities analysts predict that Herc Holdings will post $3.02 earnings per share for the current fiscal year.
Herc Holdings Company Profile
Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.
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