Hertz Global Holdings, Inc (HTZ) Receives Consensus Recommendation of “Hold” from Brokerages
Hertz Global Holdings, Inc (NYSE:HTZ) has earned an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $17.29.
A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price objective on Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 15th. Northcoast Research reissued a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Zacks Investment Research raised Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Tuesday, October 17th. Deutsche Bank reissued a “hold” rating and set a $18.00 target price (up previously from $14.00) on shares of Hertz Global in a research note on Friday, October 6th. Finally, Goldman Sachs Group reissued a “sell” rating on shares of Hertz Global in a research note on Thursday, September 7th.
A number of large investors have recently added to or reduced their stakes in the business. Crow Point Partners LLC bought a new stake in Hertz Global in the 3rd quarter worth approximately $112,000. Pacer Advisors Inc. increased its stake in Hertz Global by 479,950.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after acquiring an additional 9,599 shares during the last quarter. Sei Investments Co. increased its stake in Hertz Global by 260.2% in the 3rd quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock worth $265,000 after acquiring an additional 8,575 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in Hertz Global in the 2nd quarter worth approximately $147,000. Finally, Suntrust Banks Inc. increased its stake in Hertz Global by 2.2% in 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 last quarter.
Hertz Global (NYSE:HTZ) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.09. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same period in the previous year, the firm earned $1.58 EPS. The business’s quarterly revenue was up 1.2% on a year-over-year basis. sell-side analysts anticipate that Hertz Global will post -1.39 earnings per share for the current year.
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About Hertz Global
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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