Hertz Global Holdings, Inc (NYSE:HTZ) Receives Average Recommendation of “Hold” from Analysts
Hertz Global Holdings, Inc (NYSE:HTZ) has been assigned an average rating of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $17.17.
Several equities analysts recently issued reports on the company. BidaskClub raised Hertz Global Holdings from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Investment Research raised Hertz Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. MKM Partners reaffirmed a “buy” rating and set a $22.00 price objective on shares of Hertz Global Holdings in a report on Wednesday, June 28th. Barclays PLC set a $9.00 price objective on Hertz Global Holdings and gave the stock a “hold” rating in a report on Sunday, May 14th. 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 report on Friday, May 12th.
Hertz Global Holdings (NYSE HTZ) opened at 15.22 on Monday. The company’s market cap is $1.27 billion. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $53.14. The company has a 50-day moving average of $9.87 and a 200 day moving average of $17.22. Hertz Global Holdings also was the target of some unusual options trading on Friday. Traders bought 5,182 put options on the stock. This is an increase of 176% compared to the average daily volume of 1,875 put options.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, May 8th. The transportation company reported ($1.61) EPS for the quarter, missing the consensus estimate of ($1.00) by $0.61. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Hertz Global Holdings had a negative net margin of 7.60% and a negative return on equity of 1.86%. The firm’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.79) earnings per share. On average, equities analysts forecast that Hertz Global Holdings will post ($0.57) EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in HTZ. Federated Investors Inc. PA raised its position in Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the transportation company’s stock valued at $117,000 after buying an additional 3,236 shares during the period. Segantii Capital Management Ltd acquired a new position in shares of Hertz Global Holdings during the first quarter worth about $167,000. Nisa Investment Advisors LLC acquired a new position in shares of Hertz Global Holdings during the first quarter worth about $174,000. OLD Mutual Customised Solutions Proprietary Ltd. raised its position 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. Finally, Karp Capital Management Corp acquired a new position in shares of Hertz Global Holdings during the first quarter worth about $211,000.
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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