Hertz Global Holdings, Inc (NYSE:HTZ) has been given an average rating of “Hold” by the ten research firms that are covering the company. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $32.44.
Several brokerages recently weighed in on HTZ. Morgan Stanley lowered their price objective on Hertz Global Holdings from $30.00 to $20.00 and set an “equal weight” rating for the company in a report on Tuesday, February 28th. MKM Partners reissued a “buy” rating and issued a $29.00 price objective (down from $33.00) on shares of Hertz Global Holdings in a report on Sunday, March 19th. Deutsche Bank AG reissued a “hold” rating and issued a $24.00 price objective on shares of Hertz Global Holdings in a report on Wednesday, March 1st. Credit Suisse Group AG lowered Hertz Global Holdings from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $27.00 to $15.00 in a report on Friday, February 17th. Finally, Zacks Investment Research downgraded Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, February 23rd.
Several institutional investors have recently modified their holdings of HTZ. Icahn Carl C increased its position in shares of Hertz Global Holdings by 126.2% in the fourth quarter. Icahn Carl C now owns 29,263,869 shares of the transportation company’s stock valued at $630,929,000 after buying an additional 16,325,273 shares in the last quarter. Glenview Capital Management LLC acquired a new position in shares of Hertz Global Holdings during the fourth quarter valued at about $94,107,000. Two Sigma Investments LP acquired a new position in shares of Hertz Global Holdings during the fourth quarter valued at about $27,545,000. Gabelli Funds LLC increased its position in shares of Hertz Global Holdings by 184.7% in the fourth quarter. Gabelli Funds LLC now owns 1,715,463 shares of the transportation company’s stock valued at $36,985,000 after buying an additional 1,112,963 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Hertz Global Holdings by 52.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 2,258,147 shares of the transportation company’s stock valued at $48,686,000 after buying an additional 772,757 shares in the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.
Hertz Global Holdings (NYSE:HTZ) traded up 0.25% during mid-day trading on Tuesday, reaching $15.89. The company’s stock had a trading volume of 1,100,740 shares. Hertz Global Holdings has a 12-month low of $14.90 and a 12-month high of $53.14. The stock’s market cap is $1.32 billion. The firm’s 50 day moving average price is $18.53 and its 200 day moving average price is $24.02.
Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings data on Monday, February 27th. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.54) by $0.17. The company earned $2.01 billion during the quarter, compared to analysts’ expectations of $2.04 billion. The firm’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.05 earnings per share. On average, equities analysts predict that Hertz Global Holdings will post $1.01 earnings per share for the current year.
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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