Hertz Stock Rating Reaffirmed by Barclays Capital (HTZ)
Hertz (NYSE: HTZ)‘s stock had its “overweight” rating reiterated by equities research analysts at Barclays Capital in a research note issued to investors on Monday. They currently have a $23.00 price target on the stock, up from their previous price target of $21.00.
Several other analysts have also recently commented on the stock. Analysts at Wells Fargo reiterated an “outperform” rating on shares of Hertz in a research note to investors on Monday. Finally, analysts at Morgan Stanley downgraded shares of Hertz from an “overweight” rating to an “underweight” rating in a research note to investors on Thursday, January 10th. They now have a $18.00 price target on the stock, up previously from $17.00.
Seven research analysts have rated the stock with a buy rating, and one has assigned a sell rating to the company. The company currently has an average rating of “overweight” and a consensus target price of $22.86.
Hertz opened at 19.24 on Monday. Hertz has a 52-week low of $10.22 and a 52-week high of $20.37. The stock’s 50-day moving average is currently $18.28. The company has a market cap of $8.099 billion and a price-to-earnings ratio of 25.93.
Hertz last posted its quarterly earnings results on Monday, February 25th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.02. The company had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. Hertz has set its FY13 guidance at $1.82-1.92 EPS. On average, analysts predict that Hertz will post $1.33 earnings per share for the current fiscal year.
Hertz Global Holdings, Inc. (Hertz Holdings) is a general use car rental brand and is engaged in equipment rental businesses in the United States and Canada.
