Herc Holdings Inc (HTZ) Coverage Initiated at Barclays PLC
Barclays PLC initiated coverage on shares of Herc Holdings Inc (NYSE:HTZ) in a research report issued on Tuesday. The firm set an “equal weight” rating and a $52.00 price target on the stock. Barclays PLC’s target price would indicate a potential upside of 29.13% from the company’s current price.
A number of other brokerages have also weighed in on HTZ. MKM Partners reaffirmed a “buy” rating on shares of Herc Holdings in a research report on Friday, June 17th. Vetr raised Herc Holdings from a “sell” rating to a “hold” rating and set a $54.25 target price for the company in a research report on Monday, June 13th. Zacks Investment Research raised Herc Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Deutsche Bank AG decreased their target price on Herc Holdings from $76.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $65.00 target price on shares of Herc Holdings in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Herc Holdings has a consensus rating of “Hold” and a consensus target price of $61.68.
Herc Holdings (NYSE:HTZ) opened at 40.27 on Tuesday. The firm has a 50-day moving average price of $48.54 and a 200-day moving average price of $48.45. Herc Holdings has a 12-month low of $39.76 and a 12-month high of $53.14. The company has a market cap of $3.42 billion, a P/E ratio of 5.04 and a beta of 2.43.
Herc Holdings (NYSE:HTZ) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.12. The company earned $2.30 billion during the quarter, compared to the consensus estimate of $2.26 billion. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.80 EPS. On average, equities research analysts forecast that Herc Holdings will post $3.02 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of 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 during the period. State Street Corp increased its position in shares of 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 during the period. Legal & General Group Plc increased its position in shares of 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 during the period. Keane Capital Partners LLC acquired a new position in shares of Herc Holdings during the first quarter valued at $948,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Herc Holdings during the second quarter valued at $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.
Receive News & Stock Ratings for Herc Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Herc Holdings Inc and related stocks with our FREE daily email newsletter.