Hertz Global Holdings, Inc (NYSE:HTZ) Receives $19.40 Consensus Price Target from Brokerages

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been assigned an average recommendation of “Buy” from the seven brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $18.75.

HTZ has been the subject of a number of research reports. ValuEngine upgraded Hertz Global from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Deutsche Bank set a $21.00 price target on Hertz Global and gave the company a “hold” rating in a report on Wednesday, August 7th. Morgan Stanley set a $15.00 price target on Hertz Global and gave the company a “sell” rating in a report on Friday, August 9th. Barclays restated a “buy” rating and set a $18.00 price target on shares of Hertz Global in a report on Wednesday, October 23rd. Finally, TheStreet upgraded Hertz Global from a “d+” rating to a “c-” rating in a report on Wednesday, July 24th.

Large investors have recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Hertz Global during the second quarter valued at $29,000. C M Bidwell & Associates Ltd. bought a new position in shares of Hertz Global during the second quarter valued at $72,000. Point72 Hong Kong Ltd bought a new position in shares of Hertz Global during the second quarter valued at $76,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hertz Global by 47.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,679 shares of the transportation company’s stock valued at $134,000 after acquiring an additional 3,101 shares in the last quarter. Finally, World Asset Management Inc bought a new position in shares of Hertz Global during the second quarter valued at $182,000. Hedge funds and other institutional investors own 75.15% of the company’s stock.

Shares of Hertz Global stock traded up $0.19 during midday trading on Thursday, reaching $16.47. 1,299,699 shares of the company’s stock traded hands, compared to its average volume of 3,122,129. The company has a debt-to-equity ratio of 9.91, a quick ratio of 1.53 and a current ratio of 1.53. The company has a market cap of $2.31 billion, a PE ratio of 20.35 and a beta of 2.22. The stock has a 50 day moving average of $14.10 and a 200-day moving average of $14.93. Hertz Global has a 12 month low of $11.24 and a 12 month high of $21.95.

Hertz Global (NYSE:HTZ) last announced its earnings results on Monday, November 4th. The transportation company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. The company had revenue of $2.84 billion during the quarter, compared to the consensus estimate of $2.84 billion. Hertz Global had a positive return on equity of 12.04% and a negative net margin of 0.42%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. On average, equities analysts anticipate that Hertz Global will post 1.38 earnings per share for the current fiscal year.

Hertz Global Company Profile

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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