Hertz Global Holdings Inc (HRI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Hertz Global Holdings Inc (NYSE:HRI) have received an average rating of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $57.00.

A number of brokerages have recently issued reports on HRI. Royal Bank of Canada began coverage on Hertz Global in a report on Friday, February 2nd. They issued an “outperform” rating and a $79.00 target price for the company. Barclays increased their target price on Hertz Global from $70.00 to $74.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. Zacks Investment Research cut Hertz Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 10th. Northcoast Research reissued a “neutral” rating on shares of Hertz Global in a report on Tuesday, December 19th. Finally, Buckingham Research began coverage on Hertz Global in a report on Tuesday, November 21st. They issued a “neutral” rating and a $55.00 target price for the company.

Hertz Global (NYSE HRI) traded down $3.90 during trading on Friday, reaching $58.65. The company’s stock had a trading volume of 480,355 shares, compared to its average volume of 181,143. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09. The firm has a market cap of $1,770.00, a PE ratio of -24.64 and a beta of 3.72. Hertz Global has a 12-month low of $33.27 and a 12-month high of $70.58.

Hertz Global (NYSE:HRI) last issued its earnings results on Wednesday, November 8th. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.23. Hertz Global had a negative return on equity of 6.63% and a negative net margin of 4.08%. The business had revenue of $457.60 million during the quarter, compared to analysts’ expectations of $422.31 million. During the same period in the prior year, the firm posted $0.11 EPS. Hertz Global’s quarterly revenue was up 13.4% compared to the same quarter last year. sell-side analysts expect that Hertz Global will post -0.47 earnings per share for the current year.

In related news, Director Jean K. Holley bought 1,400 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $54.78 per share, with a total value of $76,692.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HRI. JPMorgan Chase & Co. grew its position in Hertz Global by 67.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 129,441 shares of the transportation company’s stock worth $5,089,000 after acquiring an additional 52,275 shares during the last quarter. Wells Fargo & Company MN grew its position in Hertz Global by 23.2% during the 2nd quarter. Wells Fargo & Company MN now owns 237,106 shares of the transportation company’s stock worth $9,323,000 after acquiring an additional 44,726 shares during the last quarter. Alliancebernstein L.P. grew its position in Hertz Global by 60.2% during the 2nd quarter. Alliancebernstein L.P. now owns 36,264 shares of the transportation company’s stock worth $1,426,000 after acquiring an additional 13,625 shares during the last quarter. Nationwide Fund Advisors bought a new stake in Hertz Global during the 2nd quarter worth approximately $540,000. Finally, PNC Financial Services Group Inc. grew its position in Hertz Global by 43.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,062 shares of the transportation company’s stock worth $436,000 after acquiring an additional 3,361 shares during the last quarter.

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Hertz Global Company Profile

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

Analyst Recommendations for Hertz Global (NYSE:HRI)

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