Hertz Global Holdings (HTZ) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about Hertz Global Holdings (NYSE:HTZ) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hertz Global Holdings earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.8199908594758 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Hertz Global Holdings Target of Unusually Large Options Trading (NYSE:HTZ) (americanbankingnews.com)
- Hertz Global Holdings, Inc (NYSE:HTZ) Bond Prices Rise 2.6% Earnings (expressnewsline.com)
- See what the IHS Markit Score report has to say about Hertz Global Holdings Inc. (finance.yahoo.com)
- Northcoast Research Comments on Hertz Global Holdings, Inc’s FY2017 Earnings (HTZ) (americanbankingnews.com)
- Hertz Global Holdings, Inc (NYSE:HTZ) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
HTZ has been the subject of a number of analyst reports. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a “hold” rating and set a $16.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. Barclays PLC set a $9.00 price target on Hertz Global Holdings and gave the company a “hold” rating in a research note on Sunday, May 14th. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Finally, Morgan Stanley cut their price target on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, May 12th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $21.50.
Shares of Hertz Global Holdings (NYSE HTZ) traded up 1.36% during trading on Friday, hitting $18.65. The stock had a trading volume of 13,813,673 shares. The firm’s market cap is $1.56 billion. The stock has a 50 day moving average of $14.17 and a 200 day moving average of $15.68. Hertz Global Holdings has a 52-week low of $8.52 and a 52-week high of $52.27. Hertz Global Holdings also was the target of some unusual options trading activity on Wednesday. Investors acquired 25,795 call options on the company. This is an increase of approximately 428% compared to the average daily volume of 4,888 call options.
Hertz Global Holdings (NYSE:HTZ) last announced its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.51. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. During the same period in the prior year, the business posted $0.41 EPS. Hertz Global Holdings’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities analysts anticipate that Hertz Global Holdings will post ($1.42) EPS for the current year.
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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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