Hertz Global (HTZ) Shares Down 1.5%

Hertz Global Holdings, Inc (NYSE:HTZ) fell 1.5% during mid-day trading on Thursday . The stock traded as low as $17.31 and last traded at $17.22. 59,848 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 4,047,291 shares. The stock had previously closed at $17.48.

Several research firms recently issued reports on HTZ. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. TheStreet raised shares of Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. ValuEngine cut shares of Hertz Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Barclays raised their target price on shares of Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 22nd. Finally, Goldman Sachs Group set a $13.00 target price on shares of Hertz Global and gave the stock a “sell” rating in a research report on Tuesday, October 16th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.00.

The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 13.98.

Hertz Global (NYSE:HTZ) last posted its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.36. Hertz Global had a net margin of 5.29% and a negative return on equity of 2.50%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $1.42 earnings per share. Hertz Global’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Hertz Global Holdings, Inc will post -0.56 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its holdings in Hertz Global by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 7,078,223 shares of the transportation company’s stock valued at $115,588,000 after buying an additional 89,080 shares during the period. Gamco Investors INC. ET AL raised its holdings in Hertz Global by 21.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,072,289 shares of the transportation company’s stock valued at $93,149,000 after buying an additional 1,060,999 shares during the period. Renaissance Technologies LLC raised its holdings in Hertz Global by 11.2% in the second quarter. Renaissance Technologies LLC now owns 4,551,300 shares of the transportation company’s stock valued at $69,817,000 after buying an additional 457,260 shares during the period. Lyrical Asset Management LP raised its holdings in Hertz Global by 4.1% in the third quarter. Lyrical Asset Management LP now owns 3,806,090 shares of the transportation company’s stock valued at $62,153,000 after buying an additional 150,389 shares during the period. Finally, Gabelli Funds LLC raised its holdings in Hertz Global by 35.5% in the second quarter. Gabelli Funds LLC now owns 1,844,700 shares of the transportation company’s stock valued at $28,298,000 after buying an additional 483,620 shares during the period.

TRADEMARK VIOLATION NOTICE: “Hertz Global (HTZ) Shares Down 1.5%” was first reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2018/12/08/hertz-global-htz-shares-down-1-5.html.

About Hertz Global (NYSE:HTZ)

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

See Also: Institutional Investors

Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit