A number of other research analysts also recently commented on HTZ. Deutsche Bank set a $21.00 target price on shares of Hertz Global and gave the company a “hold” rating in a research report on Wednesday, August 7th. Morgan Stanley set a $15.00 target price on shares of Hertz Global and gave the company a “sell” rating in a research report on Friday, August 9th. TheStreet raised shares of Hertz Global from a “d+” rating to a “c-” rating in a research report on Wednesday, July 24th. Finally, Barclays reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Hertz Global in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.40.
Shares of Hertz Global stock traded up $0.32 during trading on Friday, hitting $16.66. The stock had a trading volume of 2,793,863 shares, compared to its average volume of 3,197,848. The firm’s fifty day simple moving average is $13.73 and its 200-day simple moving average is $14.97. The stock has a market cap of $2.35 billion, a PE ratio of -98.00 and a beta of 2.22. The company has a debt-to-equity ratio of 19.52, a current ratio of 1.13 and a quick ratio of 1.13. Hertz Global has a 12 month low of $11.24 and a 12 month high of $21.95.
Hertz Global (NYSE:HTZ) last posted its earnings results on Monday, November 4th. The transportation company reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. The business had revenue of $2.84 billion for the quarter, compared to the consensus estimate of $2.84 billion. Hertz Global had a negative net margin of 0.42% and a positive return on equity of 14.65%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 EPS. Analysts expect that Hertz Global will post 1.27 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of HTZ. First Trust Advisors LP grew its position in shares of Hertz Global by 12.9% in the 1st quarter. First Trust Advisors LP now owns 155,872 shares of the transportation company’s stock worth $2,707,000 after buying an additional 17,779 shares during the last quarter. World Asset Management Inc purchased a new position in shares of Hertz Global in the 2nd quarter worth approximately $182,000. Commerzbank Aktiengesellschaft FI grew its position in shares of Hertz Global by 25.3% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 519,082 shares of the transportation company’s stock worth $8,285,000 after buying an additional 104,888 shares during the last quarter. Price Capital Management Inc. purchased a new position in shares of Hertz Global in the 2nd quarter worth approximately $255,000. Finally, Prime Capital Investment Advisors LLC grew its position in shares of Hertz Global by 39.5% in the 2nd quarter. Prime Capital Investment Advisors LLC now owns 97,864 shares of the transportation company’s stock worth $1,562,000 after buying an additional 27,700 shares during the last quarter. 72.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Mutual funds are not immune from market timing
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.