Hertz Global Holdings, Inc (NYSE:HTZ) had its target price lowered by Morgan Stanley from $14.00 to $13.00 in a report released on Wednesday morning. Morgan Stanley currently has an underweight rating on the transportation company’s stock.
Several other research analysts have also recently weighed in on HTZ. Zacks Investment Research cut Hertz Global Holdings from a hold rating to a sell rating in a research report on Tuesday, July 18th. BidaskClub cut Hertz Global Holdings from a buy rating to a hold rating in a research report on Tuesday, July 25th. Barclays PLC cut Hertz Global Holdings from an equal weight rating to an underweight rating and decreased their price target for the stock from $17.34 to $9.00 in a research report on Monday, July 31st. J P Morgan Chase & Co initiated coverage on Hertz Global Holdings in a research report on Friday, August 4th. They issued a neutral rating and a $15.00 price target on the stock. Finally, Deutsche Bank AG set a $14.00 price target on Hertz Global Holdings and gave the stock a hold rating in a research report on Wednesday, August 9th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of $17.29.
Hertz Global Holdings (NYSE HTZ) traded down $0.02 during mid-day trading on Wednesday, reaching $17.69. The company’s stock had a trading volume of 3,940,979 shares, compared to its average volume of 6,228,680. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global Holdings has a 1 year low of $8.52 and a 1 year high of $27.27.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.58 EPS. equities analysts expect that Hertz Global Holdings will post -1.41 EPS 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 dated 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 legal filing with the SEC, which is accessible through this link. Insiders own 0.33% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Crow Point Partners LLC bought a new position in Hertz Global Holdings in the third quarter valued at about $112,000. BlueCrest Capital Management Ltd acquired a new stake in shares of Hertz Global Holdings during the second quarter valued at about $147,000. Suntrust Banks Inc. boosted 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 purchasing an additional 285 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Hertz Global Holdings during the second quarter valued at about $199,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Hertz Global Holdings by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 9,599 shares in the last quarter.
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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