Hertz Global Holdings, Inc (NYSE:HTZ)’s share price dropped 1.5% during mid-day trading on Thursday . The company traded as low as $17.31 and last traded at $17.22. Approximately 59,848 shares traded hands during mid-day trading, a decline of 99% from the average daily volume of 4,047,291 shares. The stock had previously closed at $17.48.
HTZ has been the subject of a number of research analyst reports. Deutsche Bank set a $18.00 price target on shares of Hertz Global and gave the company a “hold” rating in a report on Saturday, November 10th. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, October 4th. ValuEngine raised shares of Hertz Global from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. JPMorgan Chase & Co. increased their price objective on shares of Hertz Global from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Wednesday, November 14th. Finally, Goldman Sachs Group set a $13.00 price objective on shares of Hertz Global and gave the company a “sell” rating in a research note on Tuesday, October 16th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.00.
The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.53 and a current ratio of 1.53.
Hertz Global (NYSE:HTZ) last issued its quarterly earnings data on Thursday, November 8th. The transportation company reported $2.14 EPS for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.36. The firm had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Hertz Global had a net margin of 5.29% and a negative return on equity of 2.50%. The firm’s revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.42 EPS. On average, analysts expect that Hertz Global Holdings, Inc will post -0.56 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of HTZ. Russell Investments Group Ltd. acquired a new stake in Hertz Global in the 2nd quarter valued at about $153,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hertz Global during the 2nd quarter worth about $199,000. Bank of Montreal Can boosted its stake in shares of Hertz Global by 1,035.8% during the 2nd quarter. Bank of Montreal Can now owns 16,572 shares of the transportation company’s stock worth $255,000 after purchasing an additional 15,113 shares during the last quarter. NJ State Employees Deferred Compensation Plan boosted its stake in shares of Hertz Global by 28.6% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the transportation company’s stock worth $276,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Hertz Global during the 2nd quarter worth about $295,000.
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About Hertz Global (NYSE:HTZ)
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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