Hertz Global Target of Unusually Large Options Trading (HTZ)
Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 21,182 call options on the stock. This represents an increase of approximately 1,179% compared to the average volume of 1,656 call options.
Several equities analysts have recently weighed in on HTZ shares. Zacks Investment Research upgraded shares of Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research note on Tuesday, October 17th. Deutsche Bank reiterated a “hold” rating and issued a $18.00 price objective (up previously from $14.00) on shares of Hertz Global in a research note on Friday, October 6th. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Macquarie upgraded shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday. Finally, ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $17.29.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTZ. Crow Point Partners LLC bought a new stake in Hertz Global during the 3rd quarter worth approximately $112,000. BlueCrest Capital Management Ltd bought a new stake in Hertz Global during the 2nd quarter worth approximately $147,000. Suntrust Banks Inc. raised its stake in Hertz Global by 2.2% during 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 period. Caxton Associates LP bought a new stake in Hertz Global during the 2nd quarter worth approximately $199,000. Finally, Pacer Advisors Inc. raised its stake in Hertz Global by 479,950.0% during 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 period.
Hertz Global (NYSE:HTZ) last released its earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the business earned $1.58 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. equities analysts forecast that Hertz Global will post -1.39 earnings per share for the current year.
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Hertz Global 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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