Hertz Global Holdings, Inc (HTZ) Upgraded by BidaskClub to Strong-Buy
Hertz Global Holdings, Inc (NYSE:HTZ) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Wednesday.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research raised shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Deutsche Bank AG reissued a “hold” rating and set a $16.00 target price on shares of Hertz Global Holdings in a research report on Tuesday, May 9th. Morgan Stanley reduced their target price on shares of Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, May 12th. Barclays PLC set a $9.00 target price on shares of Hertz Global Holdings and gave the stock a “hold” rating in a research report on Sunday, May 14th. Finally, MKM Partners reissued a “buy” rating and set a $22.00 target price (down from $29.00) on shares of Hertz Global Holdings in a research report on Tuesday, June 6th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $21.50.
Shares of Hertz Global Holdings (NYSE:HTZ) traded down 3.62% during midday trading on Wednesday, hitting $19.45. 4,379,140 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $14.73 and its 200-day moving average is $15.58. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $52.27. The stock’s market cap is $1.63 billion.
Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. Analysts predict that Hertz Global Holdings will post ($1.42) earnings per share for the current fiscal year.
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Several hedge funds have recently modified their holdings of HTZ. BlueCrest Capital Management Ltd bought a new stake in shares of Hertz Global Holdings during the second quarter worth about $147,000. Suntrust Banks Inc. raised its stake in shares of Hertz Global Holdings by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the period. Segantii Capital Management Ltd bought a new stake in shares of Hertz Global Holdings during the first quarter worth about $167,000. Nisa Investment Advisors LLC bought a new stake in shares of Hertz Global Holdings during the first quarter worth about $174,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. raised its stake 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 period.
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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