Hertz Global Holdings, Inc (NYSE:HTZ) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $17.29.
Several research firms have recently issued reports on HTZ. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 target price (up from $14.00) on shares of Hertz Global Holdings in a report on Friday, October 6th. Morgan Stanley lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $12.00 to $14.00 in a report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Hertz Global Holdings in a report on Thursday, September 7th. Finally, ValuEngine raised shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Crow Point Partners LLC purchased a new position in Hertz Global Holdings during the third quarter worth $112,000. BlueCrest Capital Management Ltd purchased a new position in Hertz Global Holdings during the second quarter worth $147,000. Suntrust Banks Inc. boosted its stake in Hertz Global Holdings by 2.2% during 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. Caxton Associates LP purchased a new position in Hertz Global Holdings during the second quarter worth $199,000. Finally, Pacer Advisors Inc. boosted its stake in Hertz Global Holdings by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after buying an additional 9,599 shares during the period.
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Shares of Hertz Global Holdings (NYSE:HTZ) opened at $17.69 on Friday. The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77. Hertz Global Holdings has a 1 year low of $8.52 and a 1 year high of $27.27.
Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global Holdings had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.58 earnings per share. equities research analysts forecast that Hertz Global Holdings will post -1.39 earnings per share for the current year.
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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