Hertz Global Holdings, Inc (NYSE:HTZ) Receives $18.33 Consensus Price Target from Analysts

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have been given an average rating of “Hold” by the nine analysts that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $18.33.

A number of research firms recently weighed in on HTZ. Zacks Investment Research downgraded Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. TheStreet cut AMERCO from a “b” rating to a “c+” rating in a research note on Monday, March 25th. Finally, Deutsche Bank lifted their price target on Lululemon Athletica from $204.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th.

NYSE HTZ traded down $0.37 during trading hours on Friday, hitting $14.87. The company had a trading volume of 155,933 shares, compared to its average volume of 3,946,425. Hertz Global has a 52 week low of $13.01 and a 52 week high of $22.37. The company’s 50 day moving average is $16.05. The company has a debt-to-equity ratio of 18.68, a current ratio of 1.33 and a quick ratio of 1.33. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -88.09 and a beta of 2.11.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings results on Monday, May 6th. The transportation company reported ($0.99) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.32) by $0.33. The firm had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.12 billion. Hertz Global had a positive return on equity of 3.17% and a negative net margin of 1.78%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the company posted ($1.58) EPS. Sell-side analysts forecast that Hertz Global will post 1.06 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in HTZ. Dimensional Fund Advisors LP grew its stake in Hertz Global by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,114,841 shares of the transportation company’s stock worth $97,119,000 after purchasing an additional 36,618 shares during the period. Neuberger Berman Group LLC grew its stake in Hertz Global by 4.9% in the first quarter. Neuberger Berman Group LLC now owns 1,253,522 shares of the transportation company’s stock worth $21,773,000 after purchasing an additional 58,130 shares during the period. Parametric Portfolio Associates LLC grew its stake in Hertz Global by 10.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,085,644 shares of the transportation company’s stock worth $18,858,000 after purchasing an additional 98,615 shares during the period. Royce & Associates LP grew its stake in Hertz Global by 14.1% in the first quarter. Royce & Associates LP now owns 839,900 shares of the transportation company’s stock worth $14,589,000 after purchasing an additional 103,500 shares during the period. Finally, Marshall Wace LLP grew its stake in Hertz Global by 1,406.4% in the first quarter. Marshall Wace LLP now owns 811,503 shares of the transportation company’s stock worth $14,095,000 after purchasing an additional 757,632 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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