Herc Holdings Inc (NYSE:HTZ) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “
Other equities research analysts have also issued research reports about the stock. Vetr lowered shares of Herc Holdings from a “strong-buy” rating to a “buy” rating and set a $54.25 price target on the stock. in a research note on Tuesday, May 31st. Northcoast Research restated a “buy” rating on shares of Herc Holdings in a research note on Tuesday, July 12th. Deutsche Bank AG dropped their price target on shares of Herc Holdings from $76.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. Morgan Stanley restated a “buy” rating and issued a $65.00 price target on shares of Herc Holdings in a research note on Wednesday, June 15th. Finally, MKM Partners restated a “buy” rating on shares of Herc Holdings in a research note on Friday, June 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.68.
Herc Holdings (NYSE:HTZ) opened at 41.55 on Monday. The firm has a market capitalization of $3.53 billion, a P/E ratio of 5.20 and a beta of 2.43. The company’s 50 day moving average price is $48.67 and its 200 day moving average price is $48.58. Herc Holdings has a 12 month low of $41.11 and a 12 month 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 consensus estimate of $0.53 by $0.12. The business had revenue of $2.30 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. Analysts anticipate that Herc Holdings will post $3.02 EPS for the current year.
A number of hedge funds have recently modified their holdings of the company. Calvert Investment Management Inc. acquired a new stake in shares of Herc Holdings during the second quarter worth $367,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Herc Holdings by 11.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 837,490 shares of the company’s stock worth $9,272,000 after buying an additional 83,909 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of Herc Holdings during the second quarter worth $200,000. SL Advisors LLC acquired a new stake in shares of Herc Holdings during the second quarter worth $229,000. Finally, FDx Advisors Inc. boosted its stake in shares of Herc Holdings by 1.1% in the second quarter. FDx Advisors Inc. now owns 45,630 shares of the company’s stock worth $505,000 after buying an additional 518 shares during the last quarter.
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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