Hertz Global Holdings, Inc (HTZ) Receives $14.00 Average Price Target from Brokerages

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Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

HTZ has been the subject of several recent research reports. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Thursday, October 4th. ValuEngine upgraded Hertz Global from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Goldman Sachs Group set a $13.00 price target on Hertz Global and gave the company a “sell” rating in a research report on Tuesday, October 16th. Barclays lifted their price target on Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, August 22nd. Finally, TheStreet upgraded Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th.

NYSE:HTZ traded up $0.38 during trading hours on Friday, reaching $16.11. The stock had a trading volume of 513,880 shares, compared to its average volume of 2,610,823. The company has a debt-to-equity ratio of 16.24, a current ratio of 1.16 and a quick ratio of 1.16. Hertz Global has a 12-month low of $13.01 and a 12-month high of $25.14. The company has a market capitalization of $1.24 billion, a P/E ratio of -10.13 and a beta of 0.89.

Hertz Global (NYSE:HTZ) last released its earnings results on Monday, August 6th. The transportation company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.06. Hertz Global had a negative return on equity of 8.10% and a net margin of 4.87%. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.31 billion. During the same period last year, the business posted ($0.63) earnings per share. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, analysts anticipate that Hertz Global will post -0.9 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Sei Investments Co. boosted its stake in Hertz Global by 59.3% during the first quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock valued at $178,000 after buying an additional 3,343 shares during the period. Financial Architects Inc boosted its stake in Hertz Global by 63.9% during the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock valued at $138,000 after buying an additional 3,500 shares during the period. NJ State Employees Deferred Compensation Plan boosted its stake in Hertz Global by 28.6% during the second quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the transportation company’s stock valued at $276,000 after buying an additional 4,000 shares during the period. KBC Group NV boosted its stake in Hertz Global by 31.3% during the second quarter. KBC Group NV now owns 22,741 shares of the transportation company’s stock valued at $349,000 after buying an additional 5,417 shares during the period. Finally, First Republic Investment Management Inc. boosted its stake in Hertz Global by 7.7% during the second quarter. First Republic Investment Management Inc. now owns 76,100 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 5,440 shares during the period.

About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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Analyst Recommendations for Hertz Global (NYSE:HTZ)

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