Herc Holdings Inc (NYSE:HTZ) has been given a $66.00 price target by investment analysts at MKM Partners in a note issued to investors on Wednesday. The firm presently has a a “buy” rating on the stock. MKM Partners’ price objective suggests a potential upside of 63.89% from the company’s current price.
HTZ has been the subject of several other research reports. Vetr upgraded Herc Holdings from a “hold” rating to a “strong-buy” rating and set a $87.05 price target for the company in a report on Monday, June 27th. Morgan Stanley initiated coverage on Herc Holdings in a report on Tuesday, September 6th. They set an “overweight” rating and a $57.00 target price for the company. Zacks Investment Research upgraded Herc Holdings from a “sell” rating to a “hold” rating in a report on Monday. Macquarie initiated coverage on Herc Holdings in a report on Thursday, August 25th. They set a “neutral” rating and a $56.00 target price for the company. Finally, Northcoast Research reiterated a “buy” rating on shares of Herc Holdings in a report on Tuesday, July 12th. One equities research 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. The company has a consensus rating of “Hold” and a consensus price target of $61.48.
Shares of Herc Holdings (NYSE:HTZ) traded down 3.2031% during trading on Wednesday, reaching $38.9801. 994,188 shares of the company’s stock traded hands. The stock has a market capitalization of $3.31 billion, a PE ratio of 4.8768 and a beta of 2.43. The company has a 50 day moving average price of $48.54 and a 200 day moving average price of $48.45. Herc Holdings has a 1-year low of $38.65 and a 1-year high of $53.14.
Herc Holdings (NYSE:HTZ) last posted 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 earned $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. Herc Holdings’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.80 EPS. On average, equities analysts forecast that Herc Holdings will post $2.98 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in HTZ. Norges Bank acquired a new position in shares of Herc Holdings during the fourth quarter worth about $56,391,000. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Herc Holdings by 6.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 120,045 shares of the company’s stock worth $1,264,000 after buying an additional 7,049 shares during the last quarter. OLD National Bancorp IN raised its position in shares of Herc Holdings by 25.4% in the first quarter. OLD National Bancorp IN now owns 29,355 shares of the company’s stock worth $309,000 after buying an additional 5,944 shares during the last quarter. Commonwealth Equity Services Inc raised its position in shares of Herc Holdings by 27.9% in the first quarter. Commonwealth Equity Services Inc now owns 45,485 shares of the company’s stock worth $479,000 after buying an additional 9,923 shares during the last quarter. Finally, Aperio Group LLC raised its position in shares of Herc Holdings by 2.7% in the first quarter. Aperio Group LLC now owns 110,820 shares of the company’s stock worth $1,167,000 after buying an additional 2,917 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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