Hertz Global (HTZ) Rating Reiterated by Northcoast Research

Hertz Global (NYSE:HTZ)‘s stock had its “neutral” rating reaffirmed by analysts at Northcoast Research in a report issued on Monday, November 13th. Northcoast Research also issued estimates for Hertz Global’s Q4 2017 earnings at ($0.48) EPS, FY2017 earnings at ($1.27) EPS and FY2018 earnings at $0.24 EPS.

HTZ has been the subject of a number of other reports. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, October 17th. Deutsche Bank set a $14.00 price target on Hertz Global and gave the stock a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered Hertz Global from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine upgraded Hertz Global from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, Morgan Stanley lowered Hertz Global from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $12.00 to $14.00 in a research note on Thursday, September 14th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.29.

Shares of Hertz Global (HTZ) traded up $1.32 during mid-day trading on Monday, hitting $20.27. The stock had a trading volume of 8,087,801 shares, compared to its average volume of 5,339,594. Hertz Global has a one year low of $8.52 and a one year high of $27.27. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the company earned $1.58 earnings per share. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. equities analysts anticipate that Hertz Global will post -1.39 earnings per share for the current fiscal year.

In related news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of HTZ. Neuberger Berman Group LLC grew its position in Hertz Global by 1.0% in the third quarter. Neuberger Berman Group LLC now owns 1,174,048 shares of the transportation company’s stock valued at $26,252,000 after acquiring an additional 11,380 shares during the period. California Public Employees Retirement System grew its position in Hertz Global by 17.1% in the third quarter. California Public Employees Retirement System now owns 938,013 shares of the transportation company’s stock valued at $20,974,000 after acquiring an additional 137,213 shares during the period. Silver Point Capital L.P. bought a new stake in Hertz Global in the third quarter valued at $13,863,000. Marianas Fund Management LLC bought a new stake in Hertz Global in the third quarter valued at $1,105,000. Finally, California State Teachers Retirement System grew its position in Hertz Global by 8.5% in the third quarter. California State Teachers Retirement System now owns 105,124 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 8,195 shares during the period.

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Hertz Global Company Profile

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.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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