Hertz Global Holdings, Inc (HTZ) Raised to Hold at Zacks Investment Research
According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “
Several other analysts also recently issued reports on the stock. Barclays PLC started coverage on shares of Hertz Global Holdings in a research report on Tuesday, September 27th. They issued an equal weight rating and a $52.00 price objective for the company. Goldman Sachs Group, Inc. (The) started coverage on shares of Hertz Global Holdings in a research report on Monday, October 24th. They issued a sell rating and a $29.00 price objective for the company. Credit Suisse Group reaffirmed a neutral rating and issued a $27.00 price objective on shares of Hertz Global Holdings in a research report on Thursday, December 15th. Deutsche Bank AG cut Hertz Global Holdings from a buy rating to a hold rating and reduced their target price for the company from $59.00 to $24.00 in a research note on Tuesday, November 8th. Finally, MKM Partners set a $66.00 target price on Hertz Global Holdings and gave the company a buy rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $44.62.
Shares of Hertz Global Holdings (NYSE:HTZ) traded up 0.18% during trading on Tuesday, hitting $22.10. 550,643 shares of the stock were exchanged. Hertz Global Holdings has a 12-month low of $17.20 and a 12-month high of $53.14. The firm has a 50 day moving average of $23.33 and a 200-day moving average of $37.63. The company has a market cap of $1.83 billion and a price-to-earnings ratio of 29.82.
Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Monday, November 7th. The company reported $1.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.73 by $1.15. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same period last year, the business earned $0.49 earnings per share. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. On average, analysts forecast that Hertz Global Holdings will post $0.74 earnings per share for the current year.
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In related news, insider Thomas C. Kennedy bought 10,000 shares of the business’s stock in a transaction on Monday, November 14th. The shares were bought at an average cost of $28.05 per share, for a total transaction of $280,500.00. Following the completion of the purchase, the insider now owns 31,200 shares of the company’s stock, valued at approximately $875,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Tyler Best bought 14,320 shares of the business’s stock in a transaction on Friday, November 11th. The stock was bought at an average price of $27.93 per share, for a total transaction of $399,957.60. Following the completion of the purchase, the vice president now directly owns 28,810 shares of the company’s stock, valued at approximately $804,663.30. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Passport Capital LLC bought a new stake in Hertz Global Holdings during the second quarter worth about $121,000. Pitcairn Co. boosted its stake in Hertz Global Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock worth $159,000 after buying an additional 531 shares during the last quarter. Portland Investment Counsel Inc. boosted its stake in Hertz Global Holdings by 33.7% in the second quarter. Portland Investment Counsel Inc. now owns 17,075 shares of the company’s stock worth $189,000 after buying an additional 4,300 shares during the last quarter. Stifel Financial Corp bought a new stake in Hertz Global Holdings during the second quarter worth about $200,000. Finally, Fifth Third Bancorp boosted its stake in Hertz Global Holdings by 27,671.2% in the second quarter. Fifth Third Bancorp now owns 20,273 shares of the company’s stock worth $224,000 after buying an additional 20,200 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.
About Hertz Global 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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