Hertz Global (NYSE:HTZ) has been given a $13.00 target price by Goldman Sachs Group in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the transportation company’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 21.02% from the stock’s previous close.
Several other equities research analysts have also commented on HTZ. Morgan Stanley raised their price target on shares of Hertz Global from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, June 26th. ValuEngine lowered shares of Hertz Global from a “buy” rating to a “hold” rating in a research note on Wednesday, July 4th. Zacks Investment Research upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Barclays raised their price target on shares of Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, August 22nd. Finally, TheStreet upgraded shares of Hertz Global from a “d” rating to a “c-” rating in a research note on Friday, August 24th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Hertz Global presently has an average rating of “Hold” and a consensus price target of $15.00.
Shares of NYSE:HTZ opened at $16.46 on Tuesday. Hertz Global has a 52 week low of $13.40 and a 52 week high of $26.04. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of -10.35 and a beta of 0.43. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 16.24.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Monday, August 6th. The transportation company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($0.25) by $0.06. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.31 billion. During the same quarter last year, the business earned ($0.63) earnings per share. Hertz Global’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts predict that Hertz Global will post -0.92 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Financial Architects Inc increased its stake in shares of Hertz Global by 63.9% during the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock valued at $138,000 after acquiring an additional 3,500 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Hertz Global during the second quarter valued at approximately $153,000. Sei Investments Co. increased its stake in shares of Hertz Global by 59.3% during the first quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock valued at $178,000 after acquiring an additional 3,343 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Hertz Global during the second quarter valued at approximately $199,000. Finally, Naples Global Advisors LLC acquired a new position in shares of Hertz Global during the second quarter valued at approximately $230,000.
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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