HTZ has been the subject of several other reports. Zacks Investment Research upgraded Hertz Global Holdings from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Tuesday, October 17th. Deutsche Bank AG set a $14.00 price target on Hertz Global Holdings and gave the company a hold rating in a research report on Wednesday, August 9th. BidaskClub cut Hertz Global Holdings from a buy rating to a hold rating in a research report on Tuesday, July 25th. ValuEngine raised Hertz Global Holdings from a strong sell rating to a sell rating in a report on Friday, September 1st. Finally, Morgan Stanley lowered Hertz Global Holdings from an equal weight rating to an underweight rating and raised their price objective for the company from $12.00 to $14.00 in a report on Thursday, September 14th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $17.43.
Shares of Hertz Global Holdings (HTZ) traded down $0.26 during trading hours on Monday, hitting $19.30. The stock had a trading volume of 7,742,600 shares, compared to its average volume of 6,243,302. Hertz Global Holdings has a 1 year low of $8.52 and a 1 year high of $28.37. 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 Holdings (NYSE:HTZ) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. The firm had revenue of $2.57 billion during the quarter, compared to analysts’ expectations of $2.58 billion. During the same period last year, the business posted $1.58 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. equities analysts predict that Hertz Global Holdings will post -1.11 earnings per share for the current fiscal year.
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In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings 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 transaction was disclosed in a filing with the SEC, which is available at this link. 0.33% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the business. Crow Point Partners LLC purchased a new stake in Hertz Global Holdings in the third quarter valued at $112,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Hertz Global Holdings in the 2nd quarter valued at $147,000. Suntrust Banks Inc. raised its holdings in shares of Hertz Global Holdings by 2.2% in the 2nd 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. Caxton Associates LP purchased a new stake in shares of Hertz Global Holdings in the 2nd quarter valued at $199,000. Finally, Pacer Advisors Inc. raised its holdings in shares of Hertz Global Holdings by 479,950.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares during the period.
About Hertz Global Holdings
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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