Hertz Global Holdings, Inc (NYSE:HTZ) had its target price reduced by Morgan Stanley from $15.00 to $12.00 in a research report released on Friday, May 12th. They currently have an equal weight rating on the transportation company’s stock.
Several other analysts have also recently issued reports on HTZ. Deutsche Bank AG restated a hold rating and set a $24.00 price objective on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Barclays PLC reiterated an equal weight rating and set a $23.00 price target (down from $31.00) on shares of Hertz Global Holdings in a research report on Friday, February 24th. Zacks Investment Research cut Hertz Global Holdings from a hold rating to a sell rating in a research report on Thursday, February 23rd. Credit Suisse Group lowered Hertz Global Holdings from a neutral rating to an underperform rating and decreased their price objective for the stock from $27.00 to $15.00 in a report on Friday, February 17th. Finally, MKM Partners reissued a buy rating and issued a $29.00 price objective (down from $33.00) on shares of Hertz Global Holdings in a report on Sunday, March 19th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $30.76.
Hertz Global Holdings (NYSE:HTZ) traded down 2.09% during mid-day trading on Friday, hitting $9.35. The company had a trading volume of 5,781,705 shares. The company has a 50-day moving average price of $11.14 and a 200 day moving average price of $18.18. The company’s market capitalization is $782.70 million. Hertz Global Holdings has a 52-week low of $8.65 and a 52-week high of $53.14. Hertz Global Holdings also was the target of unusually large options trading on Wednesday. Stock traders bought 1,284 call options on the stock. This represents an increase of approximately 343% compared to the typical daily volume of 290 call options.
Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Monday, May 8th. The transportation company reported ($1.61) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.00) by $0.61. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm posted ($0.79) EPS. The company’s revenue was down 3.4% compared to the same quarter last year. On average, analysts forecast that Hertz Global Holdings will post ($0.50) EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Pacad Investment Ltd. increased its stake in shares of Hertz Global Holdings by 75.1% in the fourth quarter. Pacad Investment Ltd. now owns 39,431 shares of the transportation company’s stock valued at $850,000 after buying an additional 16,906 shares in the last quarter. Credit Agricole S A acquired a new stake in shares of Hertz Global Holdings during the fourth quarter valued at about $341,000. Gideon Capital Advisors Inc. acquired a new stake in shares of Hertz Global Holdings during the fourth quarter valued at about $384,000. Knott David M acquired a new stake in shares of Hertz Global Holdings during the fourth quarter valued at about $539,000. Finally, Gamco Investors INC. ET AL increased its stake in Hertz Global Holdings by 52.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,258,147 shares of the transportation company’s stock worth $48,686,000 after buying an additional 772,757 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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