According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “
Other equities analysts have also recently issued research reports about the stock. Vetr cut shares of Herc Holdings from a strong-buy rating to a buy rating and set a $54.25 price objective on the stock. in a research report on Tuesday, May 31st. Morgan Stanley reissued a buy rating and set a $65.00 price objective on shares of Herc Holdings in a research report on Wednesday, June 15th. MKM Partners reissued a buy rating on shares of Herc Holdings in a research report on Friday, June 17th. Deutsche Bank AG cut their price objective on shares of Herc Holdings from $76.00 to $63.00 and set a buy rating on the stock in a research report on Wednesday, August 10th. Finally, Macquarie started coverage on shares of Herc Holdings in a research report on Thursday, August 25th. They set a neutral rating and a $56.00 price objective on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $61.68.
Shares of Herc Holdings (NYSE:HTZ) opened at 40.27 on Monday. Herc Holdings has a one year low of $39.76 and a one year high of $53.14. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 5.04 and a beta of 2.43. The stock has a 50 day moving average price of $48.54 and a 200-day moving average price of $48.45.
Herc Holdings (NYSE:HTZ) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The business earned $2.30 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the firm posted $0.80 EPS. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. On average, equities research analysts expect that Herc Holdings will post $3.02 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP boosted its position in Herc Holdings by 3.3% in the first quarter. Wellington Management Group LLP now owns 24,600,138 shares of the company’s stock valued at $259,040,000 after buying an additional 787,739 shares in the last quarter. State Street Corp boosted its position in Herc Holdings by 8.4% in the first quarter. State Street Corp now owns 8,056,011 shares of the company’s stock valued at $84,836,000 after buying an additional 621,887 shares in the last quarter. Legal & General Group Plc boosted its position in Herc Holdings by 5.3% in the first quarter. Legal & General Group Plc now owns 2,055,611 shares of the company’s stock valued at $21,634,000 after buying an additional 102,909 shares in the last quarter. Keane Capital Partners LLC purchased a new position in Herc Holdings during the first quarter valued at approximately $948,000. Finally, Eqis Capital Management Inc. purchased a new position in Herc Holdings during the second quarter valued at approximately $285,000.
About Herc 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.
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