Hertz Global Holdings, Inc (NYSE:HTZ) shares were up 5.2% during mid-day trading on Thursday . The company traded as high as $25.14 and last traded at $24.30. Approximately 3,634,606 shares were traded during trading, an increase of 64% from the average daily volume of 2,222,588 shares. The stock had previously closed at $23.09.
A number of analysts have commented on the stock. Northcoast Research restated a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Zacks Investment Research upgraded shares of Hertz Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank restated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Hertz Global in a research note on Friday, October 6th. ValuEngine lowered shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Morgan Stanley decreased their price target on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Six analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $17.29.
The stock has a market capitalization of $2,034.44, a P/E ratio of -2.81 and a beta of -0.74. 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 (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.09. The business had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. Hertz Global’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.58 EPS. equities analysts anticipate that Hertz Global Holdings, Inc will post -1.39 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of HTZ. Schwab Charles Investment Management Inc. grew its stake in shares of Hertz Global by 132.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 450,585 shares of the transportation company’s stock worth $5,182,000 after acquiring an additional 256,804 shares in the last quarter. Federated Investors Inc. PA bought a new stake in shares of Hertz Global in the 2nd quarter worth $1,159,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Hertz Global in the 2nd quarter worth $355,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Hertz Global in the 2nd quarter worth $993,000. Finally, Private Advisor Group LLC bought a new stake in shares of Hertz Global in the 2nd quarter worth $235,000.
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Hertz Global 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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