Hertz Global Holdings, Inc (HTZ) Given Consensus Rating of “Hold” by Analysts
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been given an average rating of “Hold” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $17.43.
Several brokerages have issued reports on HTZ. Zacks Investment Research lowered Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. MKM Partners reaffirmed a “buy” rating and set a $22.00 price target on shares of Hertz Global Holdings in a research note on Thursday, August 10th. Deutsche Bank AG set a $14.00 price target on Hertz Global Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Finally, ValuEngine lowered Hertz Global Holdings from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd.
Hertz Global Holdings (HTZ) opened at 24.14 on Wednesday. Hertz Global Holdings has a 52-week low of $8.52 and a 52-week high of $35.75. The company’s market capitalization is $2.02 billion. The firm has a 50-day moving average price of $23.99 and a 200 day moving average price of $23.99.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (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 firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period last year, the firm earned $0.41 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, analysts predict that Hertz Global Holdings will post ($1.53) earnings per share for the current fiscal year.
In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.
Several hedge funds have recently bought and sold shares of HTZ. Crow Point Partners LLC purchased a new position in shares of Hertz Global Holdings during the 3rd quarter worth approximately $112,000. BlueCrest Capital Management Ltd purchased a new position in shares of Hertz Global Holdings during the 2nd quarter worth approximately $147,000. Suntrust Banks Inc. grew its holdings in shares of Hertz Global Holdings by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after acquiring an additional 285 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. grew its holdings in shares of Hertz Global Holdings by 146.0% during the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after acquiring an additional 5,900 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Hertz Global Holdings during the 2nd quarter worth approximately $199,000.
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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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