Hertz Global Holdings, Inc (NYSE:HTZ) – Equities research analysts at Northcoast Research cut their FY2017 earnings estimates for shares of Hertz Global Holdings in a note issued to investors on Wednesday. Northcoast Research analyst J. Healy now expects that the transportation company will post earnings of ($1.02) per share for the year, down from their previous forecast of ($0.49). Northcoast Research also issued estimates for Hertz Global Holdings’ Q4 2017 earnings at ($0.33) EPS and FY2018 earnings at $0.61 EPS.
Other research analysts have also issued reports about the company. MKM Partners reaffirmed a “buy” rating and set a $22.00 target price on shares of Hertz Global Holdings in a research report on Thursday. BidaskClub raised Hertz Global Holdings from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. J P Morgan Chase & Co began coverage on Hertz Global Holdings in a research report on Friday, August 4th. They set a “neutral” rating and a $15.00 target price on the stock. Deutsche Bank AG set a $14.00 target price on Hertz Global Holdings and gave the company a “hold” rating in a research report on Wednesday. Finally, Barclays PLC lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $17.34 to $9.00 in a research report on Monday, July 31st. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $21.50.
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Shares of Hertz Global Holdings (NYSE HTZ) opened at 18.65 on Friday. The stock’s market capitalization is $1.56 billion. Hertz Global Holdings has a 52-week low of $8.52 and a 52-week high of $52.27. The company’s 50 day moving average price is $14.17 and its 200 day moving average price is $15.68.
Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue was down 2.0% on a year-over-year basis.
A number of institutional investors have recently added to or reduced their stakes in the company. First Manhattan Co. boosted its position in Hertz Global Holdings by 251.6% in the first quarter. First Manhattan Co. now owns 7,267 shares of the transportation company’s stock worth $291,000 after buying an additional 5,200 shares during the last quarter. Segantii Capital Management Ltd acquired a new position in Hertz Global Holdings during the first quarter worth $167,000. Nisa Investment Advisors LLC acquired a new position in Hertz Global Holdings during the first quarter worth $174,000. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock worth $174,000 after buying an additional 5,900 shares during the last quarter. Finally, Karp Capital Management Corp acquired a new position in Hertz Global Holdings during the first quarter worth $211,000.
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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