Several other equities analysts have also issued reports on HTZ. Barclays reissued a buy rating and issued a $18.00 price target on shares of Hertz Global in a report on Wednesday, October 23rd. Deutsche Bank set a $21.00 price target on shares of Hertz Global and gave the company a hold rating in a report on Wednesday, August 7th. TheStreet raised shares of Hertz Global from a d+ rating to a c- rating in a research report on Wednesday, July 24th. Finally, Morgan Stanley set a $15.00 price objective on shares of Hertz Global and gave the company a sell rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Hertz Global currently has a consensus rating of Hold and a consensus price target of $19.40.
Shares of HTZ stock traded up $0.32 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. Hertz Global has a twelve month low of $11.24 and a twelve month high of $21.95. The firm has a market cap of $2.35 billion, a P/E ratio of -98.00 and a beta of 2.22. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 19.52. The company has a fifty day moving average price of $13.73 and a two-hundred day moving average price of $14.97.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Monday, November 4th. The transportation company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.12. Hertz Global had a negative net margin of 0.42% and a positive return on equity of 14.65%. The company had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business earned $2.14 EPS. The firm’s revenue was up 2.8% on a year-over-year basis. On average, analysts expect that Hertz Global will post 1.27 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC bought a new stake in Hertz Global in the 3rd quarter valued at $390,000. Public Employees Retirement Association of Colorado lifted its position in Hertz Global by 69.4% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 15,603 shares of the transportation company’s stock valued at $216,000 after acquiring an additional 6,393 shares in the last quarter. Gabelli Funds LLC lifted its position in Hertz Global by 50.6% in the 3rd quarter. Gabelli Funds LLC now owns 1,863,380 shares of the transportation company’s stock valued at $25,789,000 after acquiring an additional 626,480 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Hertz Global by 53.8% in the 3rd quarter. Gamco Investors INC. ET AL now owns 7,972,919 shares of the transportation company’s stock valued at $110,345,000 after acquiring an additional 2,788,526 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Hertz Global by 11.6% in the 3rd quarter. California Public Employees Retirement System now owns 190,744 shares of the transportation company’s stock valued at $2,640,000 after acquiring an additional 19,790 shares in the last quarter. 72.37% of the stock is currently owned by institutional investors and hedge funds.
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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