Hertz Global Holdings, Inc (NYSE:HTZ)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a report issued on Friday, October 6th. They currently have a $18.00 price target on the transportation company’s stock, up from their previous price target of $14.00. Deutsche Bank AG’s price target suggests a potential downside of 29.85% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Morgan Stanley lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $12.00 to $14.00 in a research report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Hertz Global Holdings in a report on Thursday, September 7th. ValuEngine raised shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub lowered shares of Hertz Global Holdings from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, MKM Partners reissued a “buy” rating and issued a $22.00 target price on shares of Hertz Global Holdings in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.43.
Hertz Global Holdings (NYSE:HTZ) opened at 25.66 on Friday. Hertz Global Holdings has a 12 month low of $8.52 and a 12 month high of $35.75. The company’s market capitalization is $2.15 billion. The stock’s 50 day moving average is $23.76 and its 200-day moving average is $23.76.
Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.51). Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the previous year, the company earned $0.41 EPS. Hertz Global Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, analysts expect that Hertz Global Holdings will post ($1.45) EPS for the current year.
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In related news, SVP Robin Kramer sold 3,524 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Crow Point Partners LLC purchased a new stake in Hertz Global Holdings in the third quarter worth $112,000. BlueCrest Capital Management Ltd purchased a new stake in Hertz Global Holdings in the second quarter worth $147,000. Suntrust Banks Inc. increased its stake in shares of Hertz Global Holdings by 2.2% during the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after buying an additional 285 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Hertz Global Holdings by 146.0% during the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock valued at $174,000 after buying an additional 5,900 shares during the period. Finally, Caxton Associates LP purchased a new position in shares of Hertz Global Holdings during the second quarter valued at $199,000.
Hertz Global Holdings 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.
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