Hertz Global Holdings, Inc (HTZ) Upgraded to “Strong-Buy” by BidaskClub
Hertz Global Holdings, Inc (NYSE:HTZ) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday.
Several other analysts have also commented on the stock. MKM Partners restated a “buy” rating and issued a $22.00 price objective on shares of Hertz Global Holdings in a report on Thursday, August 10th. Deutsche Bank AG set a $14.00 price objective on shares of Hertz Global Holdings and gave the stock a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co assumed coverage on shares of Hertz Global Holdings in a report on Friday, August 4th. They issued a “neutral” rating and a $15.00 price objective for the company. Finally, Barclays PLC lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $17.34 to $9.00 in a report on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $21.50.
Hertz Global Holdings (NYSE:HTZ) traded down 6.39% on Wednesday, reaching $18.89. The company had a trading volume of 11,128,819 shares. The company’s 50 day moving average is $14.96 and its 200-day moving average is $15.61. The firm’s market capitalization is $1.58 billion. Hertz Global Holdings has a one year low of $8.52 and a one year high of $52.27.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s quarterly revenue was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Hertz Global Holdings will post ($1.42) earnings per share for the current fiscal year.
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Several institutional investors have recently added to or reduced their stakes in the stock. First Manhattan Co. raised its position in Hertz Global Holdings by 251.6% in the first quarter. First Manhattan Co. now owns 7,267 shares of the transportation company’s stock valued at $291,000 after buying an additional 5,200 shares during the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Hertz Global Holdings during the first quarter worth $167,000. Nisa Investment Advisors LLC purchased a new position in shares of Hertz Global Holdings during the first quarter worth $174,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position 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 worth $174,000 after buying an additional 5,900 shares during the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of Hertz Global Holdings during the first quarter worth $211,000.
Hertz Global 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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