Hertz Global Holdings, Inc (HTZ) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $15.00.

A number of research firms recently issued reports on HTZ. ValuEngine downgraded shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating in a research note on Wednesday, January 17th. Goldman Sachs decreased their price target on shares of Hertz Global from $15.00 to $13.00 and set a “sell” rating on the stock in a research note on Thursday, February 15th. Finally, Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th.

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Shares of HTZ stock opened at $19.67 on Friday. The stock has a market cap of $1,692.97, a price-to-earnings ratio of 4.98 and a beta of 1.19. The company has a debt-to-equity ratio of 9.78, a quick ratio of 1.76 and a current ratio of 1.76. Hertz Global has a 12 month low of $8.52 and a 12 month high of $27.27.

Hertz Global (NYSE:HTZ) last released its quarterly earnings results on Tuesday, February 27th. The transportation company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.17). The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.04 billion. Hertz Global had a net margin of 3.73% and a negative return on equity of 13.01%. equities analysts forecast that Hertz Global will post -0.7 EPS for the current year.

In other Hertz Global news, SVP Robin Kramer sold 5,450 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $19.67, for a total transaction of $107,201.50. Following the transaction, the senior vice president now owns 5,459 shares in the company, valued at $107,378.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Stifel Financial Corp bought a new position in Hertz Global during the third quarter valued at $469,000. Ameriprise Financial Inc. grew its holdings in shares of Hertz Global by 3,974.1% in the third quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock worth $28,414,000 after purchasing an additional 1,239,488 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Hertz Global by 11.7% in the third quarter. Legal & General Group Plc now owns 455,621 shares of the transportation company’s stock worth $10,570,000 after purchasing an additional 47,644 shares during the last quarter. Silver Point Capital L.P. bought a new position in shares of Hertz Global in the third quarter worth about $13,863,000. Finally, California State Teachers Retirement System grew its holdings in shares of Hertz Global by 8.5% in the third quarter. California State Teachers Retirement System now owns 105,124 shares of the transportation company’s stock worth $2,351,000 after purchasing an additional 8,195 shares during the last quarter.

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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.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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