Zacks: Hertz Global Holdings Inc. (NYSE:HRI) Given Average Recommendation of “Hold” by Analysts
Shares of Hertz Global Holdings Inc. (NYSE:HRI) have been given a consensus broker rating score of 2.50 (Hold) from the four analysts that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. Hertz Global Holdings’ rating score has declined by 25% in the last three months as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price objective of $34.00 for the company and are anticipating that the company will post $0.22 EPS for the current quarter, according to Zacks. Zacks has also given Hertz Global Holdings an industry rank of 110 out of 265 based on the ratings given to its competitors.
A number of brokerages recently weighed in on HRI. Zacks Investment Research raised shares of Hertz Global Holdings from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research report on Monday, July 18th. Barclays PLC began coverage on shares of Hertz Global Holdings in a research report on Monday, August 15th. They set an “equal weight” rating and a $34.00 price objective for the company. Longbow Research began coverage on shares of Hertz Global Holdings in a research report on Thursday, July 7th. They set a “neutral” rating for the company. Finally, KeyCorp began coverage on shares of Hertz Global Holdings in a research report on Wednesday, July 6th. They set a “sector weight” rating for the company.
Shares of Hertz Global Holdings (NYSE:HRI) opened at 32.79 on Tuesday. Hertz Global Holdings has a 52-week low of $20.85 and a 52-week high of $60.15. The stock’s 50 day moving average is $33.76 and its 200-day moving average is $31.14. The firm has a market capitalization of $928.28 million, a P/E ratio of 10.95 and a beta of 2.35.
Hertz Global Holdings (NYSE:HRI) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by $0.59. Hertz Global Holdings had a net margin of 3.07% and a return on equity of 11.95%. The business had revenue of $380.40 million for the quarter, compared to the consensus estimate of $422.70 million. The firm’s revenue was down 10.0% on a year-over-year basis. On average, equities analysts forecast that Hertz Global Holdings will post $0.19 earnings per share for the current fiscal year.
In other news, Director James H. Browning bought 1,500 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was purchased at an average price of $32.94 per share, for a total transaction of $49,410.00. Following the transaction, the director now owns 1,500 shares in the company, valued at $49,410. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.40% of the stock is currently owned by company insiders.
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