Hertz Global Holdings’ (HTZ) “Neutral” Rating Reaffirmed at Northcoast Research

Hertz Global Holdings, Inc (NYSE:HTZ)‘s stock had its “neutral” rating reissued by research analysts at Northcoast Research in a report released on Monday.

Several other research analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Hertz Global Holdings from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, October 17th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $18.00 price target (up previously from $14.00) on shares of Hertz Global Holdings in a report on Friday, October 6th. Morgan Stanley cut shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $12.00 to $14.00 in a report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Hertz Global Holdings in a report on Thursday, September 7th. Finally, ValuEngine upgraded shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $17.43.

Hertz Global Holdings (NYSE:HTZ) opened at $19.30 on Monday. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $28.37. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Hertz Global Holdings had a negative net margin of 8.35% and a negative return on equity of 14.05%. The business’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.58 earnings per share. research analysts forecast that Hertz Global Holdings will post -1.11 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “Hertz Global Holdings’ (HTZ) “Neutral” Rating Reaffirmed at Northcoast Research” was reported by Stock Observer and is owned by of Stock Observer. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.thestockobserver.com/2017/11/14/hertz-global-holdings-htz-neutral-rating-reaffirmed-at-northcoast-research.html.

In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of HTZ. Crow Point Partners LLC purchased a new stake in Hertz Global Holdings during the third quarter valued at about $112,000. BlueCrest Capital Management Ltd purchased a new stake in Hertz Global Holdings during the second quarter valued at about $147,000. Suntrust Banks Inc. boosted its position in Hertz Global Holdings by 2.2% during the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after buying an additional 285 shares during the period. Caxton Associates LP purchased a new stake in Hertz Global Holdings during the second quarter valued at about $199,000. Finally, Pacer Advisors Inc. boosted its position in Hertz Global Holdings by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares during the period.

About Hertz Global Holdings

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 Holdings (NYSE:HTZ)

Receive News & Ratings for Hertz Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply