Herc Holdings Inc (HTZ) Trading Down 2%
Herc Holdings Inc (NYSE:HTZ) shares traded down 2% during trading on Monday . The stock traded as low as $48.12 and last traded at $48.26, with a volume of 433,110 shares. The stock had previously closed at $49.22.
Several research analysts have recently commented on the company. Vetr upgraded Herc Holdings from a “hold” rating to a “strong-buy” rating and set a $87.05 target price for the company in a research note on Monday, June 27th. Morgan Stanley began coverage on Herc Holdings in a research note on Tuesday, September 6th. They set an “overweight” rating and a $57.00 target price for the company. Macquarie began coverage on Herc Holdings in a report on Thursday, August 25th. They set a “neutral” rating and a $56.00 price target for the company. Northcoast Research reissued a “buy” rating on shares of Herc Holdings in a report on Tuesday, July 12th. Finally, Deutsche Bank AG lifted their price target on Herc Holdings from $16.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, July 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $62.76.
The firm’s 50-day moving average is $48.69 and its 200 day moving average is $48.83. The company has a market capitalization of $3.97 billion, a PE ratio of 5.85 and a beta of 2.43.
Herc Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The firm earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm earned $0.80 earnings per share. Herc Holdings’s revenue for the quarter was down 2.0% on a year-over-year basis. Equities analysts anticipate that Herc Holdings Inc will post $3.02 earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. State Street Corp increased its stake in shares of Herc Holdings by 8.4% in the first quarter. State Street Corp now owns 8,056,011 shares of the company’s stock worth $84,836,000 after buying an additional 621,887 shares during the period. Wellington Management Group LLP increased its stake in shares of Herc Holdings by 3.3% in the first quarter. Wellington Management Group LLP now owns 24,600,138 shares of the company’s stock worth $259,040,000 after buying an additional 787,739 shares during the period. Legal & General Group Plc increased its stake in shares of Herc Holdings by 5.3% in the first quarter. Legal & General Group Plc now owns 2,055,611 shares of the company’s stock worth $21,634,000 after buying an additional 102,909 shares during the period. Keane Capital Partners LLC acquired a new stake in shares of Herc Holdings during the first quarter worth about $948,000. Finally, BlackRock Group LTD increased its stake in shares of Herc Holdings by 0.6% in the first quarter. BlackRock Group LTD now owns 2,654,051 shares of the company’s stock worth $27,948,000 after buying an additional 15,230 shares during the period.
About Herc 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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