Herc Holdings Inc (NYSE:HTZ) has been assigned a $66.00 price objective by research analysts at MKM Partners in a note issued to investors on Wednesday. The firm presently has a a “buy” rating on the stock. MKM Partners’ target price would suggest a potential upside of 70.10% from the company’s previous close.
Several other research firms have also recently weighed in on HTZ. Morgan Stanley restated a “buy” rating and set a $65.00 price target on shares of Herc Holdings in a report on Wednesday, June 15th. Vetr cut shares of Herc Holdings from a “buy” rating to a “hold” rating and set a $54.25 target price on the stock. in a research note on Monday, June 6th. Macquarie began coverage on shares of Herc Holdings in a research note on Thursday, August 25th. They issued a “neutral” rating and a $56.00 target price on the stock. Northcoast Research reiterated a “buy” rating on shares of Herc Holdings in a research note on Tuesday, July 12th. Finally, Zacks Investment Research cut shares of Herc Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $61.48.
Shares of Herc Holdings (NYSE:HTZ) opened at 38.80 on Wednesday. The firm has a market capitalization of $3.30 billion, a P/E ratio of 4.85 and a beta of 2.43. The company has a 50-day moving average of $48.37 and a 200 day moving average of $48.30. Herc Holdings has a 52 week low of $38.65 and a 52 week high of $53.14.
Herc Holdings (NYSE:HTZ) last released its quarterly earnings results on Monday, August 8th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by $0.12. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the business posted $0.80 EPS. The business’s revenue was down 2.0% compared to the same quarter last year. Equities research analysts anticipate that Herc Holdings will post $3.02 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Herc Holdings during the first quarter worth $231,000. Royce & Associates LP purchased a new stake in Herc Holdings during the first quarter worth $5,307,000. BlackRock Group LTD raised its stake in Herc Holdings by 0.6% in the first quarter. BlackRock Group LTD now owns 2,654,051 shares of the company’s stock worth $27,948,000 after buying an additional 15,230 shares during the period. BlackRock Inc. raised its stake in Herc Holdings by 15.0% in the first quarter. BlackRock Inc. now owns 319,851 shares of the company’s stock worth $3,368,000 after buying an additional 41,777 shares during the period. Finally, Teachers Advisors Inc. raised its stake in Herc Holdings by 127.0% in the first quarter. Teachers Advisors Inc. now owns 4,036,686 shares of the company’s stock worth $42,506,000 after buying an additional 2,258,092 shares during the period.
Herc Holdings Company Profile
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.
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