Hertz Global Holdings, Inc (NYSE:HTZ) – Northcoast Research upped their FY2019 earnings per share (EPS) estimates for shares of Hertz Global in a research note issued to investors on Wednesday, November 6th. Northcoast Research analyst J. Healy now forecasts that the transportation company will earn $0.87 per share for the year, up from their prior forecast of $0.79. Northcoast Research also issued estimates for Hertz Global’s Q4 2019 earnings at ($0.47) EPS and FY2020 earnings at $1.39 EPS.
Other research analysts have also issued research reports about the stock. Deutsche Bank set a $21.00 price target on shares of Hertz Global and gave the stock a “hold” rating in a research report on Wednesday, August 7th. ValuEngine raised shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Friday. Morgan Stanley set a $15.00 price target on shares of Hertz Global and gave the stock a “sell” rating in a research report on Friday, August 9th. TheStreet raised shares of Hertz Global from a “d+” rating to a “c-” rating in a research report on Wednesday, July 24th. Finally, Barclays reissued a “buy” rating and issued a $18.00 price target on shares of Hertz Global in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Hertz Global has an average rating of “Hold” and a consensus target price of $19.40.
HTZ stock traded up $0.14 during mid-day trading on Friday, reaching $16.48. 131,262 shares of the stock traded hands, compared to its average volume of 2,722,087. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 19.52. The business has a 50-day moving average of $13.67 and a two-hundred day moving average of $14.98. Hertz Global has a 52 week low of $11.24 and a 52 week high of $21.95. The firm has a market capitalization of $2.35 billion, a PE ratio of -97.74 and a beta of 2.22.
Hertz Global (NYSE:HTZ) last issued its quarterly earnings data on Monday, November 4th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.48 by $0.12. The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Hertz Global had a negative net margin of 0.42% and a positive return on equity of 14.65%. Hertz Global’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.14 earnings per share.
A number of large investors have recently bought and sold shares of HTZ. First Trust Advisors LP raised its position in Hertz Global by 12.9% in the first quarter. First Trust Advisors LP now owns 155,872 shares of the transportation company’s stock worth $2,707,000 after purchasing an additional 17,779 shares in the last quarter. World Asset Management Inc acquired a new stake in shares of Hertz Global during the second quarter worth approximately $182,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Hertz Global by 25.3% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 519,082 shares of the transportation company’s stock worth $8,285,000 after buying an additional 104,888 shares in the last quarter. Price Capital Management Inc. acquired a new stake in shares of Hertz Global during the second quarter worth approximately $255,000. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Hertz Global by 39.5% during the second quarter. Prime Capital Investment Advisors LLC now owns 97,864 shares of the transportation company’s stock worth $1,562,000 after buying an additional 27,700 shares in the last quarter. 72.37% of the stock is owned by hedge funds and other institutional investors.
About Hertz Global
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
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