Hertz Global Holdings, Inc (NYSE:HTZ) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Monday, July 31st.
A number of other brokerages have also weighed in on HTZ. Barclays PLC lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $17.34 to $9.00 in a report on Monday, July 31st. Zacks Investment Research raised Hertz Global Holdings from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. ValuEngine cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Deutsche Bank AG reiterated a “hold” rating and issued a $16.00 price objective on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. Finally, MKM Partners reissued a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a report on Wednesday, June 28th. Five analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $21.50.
Shares of Hertz Global Holdings (NYSE HTZ) traded down 8.37% on Monday, reaching $16.96. 12,040,098 shares of the company were exchanged. The stock’s market capitalization is $1.42 billion. Hertz Global Holdings has a 12-month low of $8.52 and a 12-month high of $52.27. The firm has a 50 day moving average price of $15.33 and a 200-day moving average price of $15.60.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. During the same period in the previous year, the business earned $0.41 EPS. Hertz Global Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts predict that Hertz Global Holdings will post ($1.63) EPS for the current fiscal year.
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Several hedge funds have recently modified their holdings of HTZ. Russell Investments Group Ltd. acquired a new stake in shares of Hertz Global Holdings during the fourth quarter valued at approximately $265,000. Dimensional Fund Advisors LP boosted its stake in shares of Hertz Global Holdings by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,136,099 shares of the transportation company’s stock worth $24,494,000 after buying an additional 84,736 shares in the last quarter. Guggenheim Capital LLC raised its position in Hertz Global Holdings by 13.9% in the fourth quarter. Guggenheim Capital LLC now owns 67,510 shares of the transportation company’s stock worth $1,455,000 after buying an additional 8,214 shares during the last quarter. Norges Bank acquired a new position in Hertz Global Holdings during the fourth quarter worth approximately $13,574,000. Finally, Highbridge Capital Management LLC raised its position in Hertz Global Holdings by 48.5% in the fourth quarter. Highbridge Capital Management LLC now owns 39,709 shares of the transportation company’s stock worth $857,000 after buying an additional 12,969 shares during the last quarter.
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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