Hertz Global Holdings, Inc (HTZ) Given Consensus Rating of “Hold” by Brokerages
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $27.15.
A number of equities research analysts recently issued reports on the stock. Deutsche Bank AG reissued a “hold” rating and issued a $24.00 price target on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. MKM Partners reissued a “buy” rating and issued a $29.00 price target (down previously from $33.00) on shares of Hertz Global Holdings in a research note on Sunday, March 19th. Barclays PLC reissued an “equal weight” rating and issued a $23.00 price target (down previously from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th. Zacks Investment Research cut shares of Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd. Finally, Morgan Stanley dropped their price target on shares of Hertz Global Holdings from $30.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 28th.
Hertz Global Holdings (HTZ) opened at 9.45 on Tuesday. Hertz Global Holdings has a one year low of $8.65 and a one year high of $53.14. The firm has a 50-day moving average of $10.94 and a 200 day moving average of $17.97. The stock’s market capitalization is $791.07 million.
Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Monday, May 8th. The transportation company reported ($1.61) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by $0.61. Hertz Global Holdings had a negative net margin of 7.60% and a negative return on equity of 1.86%. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted ($0.79) EPS. Hertz Global Holdings’s revenue was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Hertz Global Holdings will post ($0.50) earnings per share for the current fiscal year.
A number of large investors have recently made changes to their positions in the company. Federated Investors Inc. PA boosted its stake in shares of Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the transportation company’s stock valued at $117,000 after buying an additional 3,236 shares during the period. Segantii Capital Management Ltd acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at about $167,000. Nisa Investment Advisors LLC acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at about $174,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock valued at $174,000 after buying an additional 5,900 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of Hertz Global Holdings during the first quarter valued at about $211,000.
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About Hertz Global Holdings
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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