Analysts Set Hertz Global Holdings, Inc (HTZ) PT at $14.75
Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been given an average rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.75.
HTZ has been the subject of a number of analyst reports. ValuEngine upgraded shares of Hertz Global from a “hold” rating to a “buy” rating in a report on Thursday, June 7th. Morgan Stanley increased their target price on shares of Hertz Global from $13.00 to $15.00 and gave the stock an “underweight” rating in a report on Tuesday, June 26th. Zacks Investment Research upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Barclays increased their target price on shares of Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a report on Wednesday, August 22nd. Finally, TheStreet upgraded shares of Hertz Global from a “d” rating to a “c-” rating in a report on Friday, August 24th.
Hedge funds have recently added to or reduced their stakes in the stock. Financial Architects Inc raised its stake in Hertz Global by 63.9% in the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock worth $138,000 after buying an additional 3,500 shares in the last quarter. Russell Investments Group Ltd. bought a new position in Hertz Global in the second quarter worth about $153,000. Sei Investments Co. raised its stake in Hertz Global by 59.3% in the first quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock worth $178,000 after buying an additional 3,343 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hertz Global in the second quarter worth about $199,000. Finally, Naples Global Advisors LLC bought a new position in Hertz Global in the second quarter worth about $230,000.
Hertz Global (NYSE:HTZ) last posted its earnings results on Monday, August 6th. The transportation company reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.06. The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. Hertz Global’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.63) earnings per share. sell-side analysts predict that Hertz Global will post -0.92 earnings per share for the current year.
About Hertz Global
The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.
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