Equities researchers at Barclays PLC assumed coverage on shares of Herc Holdings Inc (NYSE:HTZ) in a research report issued on Tuesday, StockTargetPrices.com reports. The firm set an “equal weight” rating and a $52.00 price target on the stock. Barclays PLC’s price objective would indicate a potential upside of 12.60% from the stock’s current price.
A number of other analysts have also commented on the stock. Zacks Investment Research upgraded shares of Herc Holdings from a “sell” rating to a “hold” rating in a research note on Monday. Morgan Stanley assumed coverage on shares of Herc Holdings in a research note on Tuesday, September 6th. They set an “overweight” rating and a $57.00 price target for the company. Macquarie assumed coverage on shares of Herc Holdings in a research note on Thursday, August 25th. They set a “neutral” rating and a $56.00 price target for the company. Deutsche Bank AG decreased their price target on shares of Herc Holdings from $76.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, August 10th. Finally, Northcoast Research restated a “buy” rating on shares of Herc Holdings in a research note on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Herc Holdings presently has an average rating of “Hold” and a consensus price target of $61.68.
Shares of Herc Holdings (NYSE:HTZ) opened at 46.18 on Tuesday. The firm has a market cap of $3.92 billion, a PE ratio of 5.78 and a beta of 2.43. The stock’s 50 day moving average is $48.83 and its 200-day moving average is $48.70. Herc Holdings has a 1-year low of $41.11 and a 1-year high of $53.14.
Herc Holdings (NYSE:HTZ) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. The company’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 EPS. Analysts expect that Herc Holdings will post $3.02 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of HTZ. Passport Capital LLC bought a new position in Herc Holdings during the second quarter valued at $121,000. Mountain Lake Investment Management LLC acquired a new stake in Herc Holdings during the first quarter valued at approximately $158,000. Pitcairn Co. increased its stake in Herc Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock valued at $159,000 after buying an additional 531 shares during the period. World Asset Management Inc increased its stake in Herc Holdings by 14.0% in the second quarter. World Asset Management Inc now owns 15,487 shares of the company’s stock valued at $171,000 after buying an additional 1,898 shares during the period. Finally, Boothbay Fund Management LLC acquired a new stake in Herc Holdings during the first quarter valued at approximately $186,000.
About Herc 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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