MKM Partners Reiterates $66.00 Price Target for Herc Holdings Inc (HTZ)
Several other research firms also recently commented on HTZ. Vetr raised shares of Herc Holdings from a sell rating to a hold rating and set a $54.25 price target on the stock in a research note on Monday, June 13th. Zacks Investment Research raised shares of Herc Holdings from a strong sell rating to a hold rating in a research report on Wednesday, June 22nd. Deutsche Bank AG cut their target price on shares of Herc Holdings from $76.00 to $63.00 and set a buy rating on the stock in a research report on Wednesday, August 10th. Barclays PLC began coverage on shares of Herc Holdings in a research report on Tuesday, September 27th. They set an equal weight rating and a $52.00 target price on the stock. Finally, Morgan Stanley reissued a buy rating and set a $65.00 target price on shares of Herc Holdings in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and a consensus price target of $61.48.
Herc Holdings (NYSE:HTZ) opened at 39.63 on Wednesday. Herc Holdings has a 12-month low of $38.43 and a 12-month high of $53.14. The stock’s 50 day moving average is $48.01 and its 200 day moving average is $48.04.
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 Thomson Reuters’ consensus estimate of $0.53 by $0.12. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. Herc Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 earnings per share. Equities analysts anticipate that Herc Holdings will post $2.98 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Herc Holdings during the fourth quarter worth approximately $56,391,000. Teachers Advisors Inc. boosted its stake in Herc Holdings by 127.0% in the first quarter. Teachers Advisors Inc. now owns 4,036,686 shares of the company’s stock worth $42,506,000 after buying an additional 2,258,092 shares during the period. Iridian Asset Management LLC CT boosted its stake in Herc Holdings by 15.4% in the second quarter. Iridian Asset Management LLC CT now owns 14,988,648 shares of the company’s stock worth $165,924,000 after buying an additional 1,999,570 shares during the period. TIAA CREF Investment Management LLC boosted its stake in Herc Holdings by 28.7% in the first quarter. TIAA CREF Investment Management LLC now owns 8,407,835 shares of the company’s stock worth $88,535,000 after buying an additional 1,876,771 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in Herc Holdings by 35.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,999,237 shares of the company’s stock worth $77,482,000 after buying an additional 1,846,305 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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