Herc Holdings Inc (HTZ) Given a $66.00 Price Target by MKM Partners Analysts
Herc Holdings Inc (NYSE:HTZ) has been given a $66.00 price target by stock analysts at MKM Partners in a research 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 stock’s previous close.
Other research analysts have also recently issued research reports about the stock. Deutsche Bank AG dropped their price objective on shares of Herc Holdings from $76.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Northcoast Research restated a “buy” rating on shares of Herc Holdings in a research report on Tuesday, July 12th. Morgan Stanley restated a “buy” rating and issued a $65.00 price objective on shares of Herc Holdings in a research report on Wednesday, June 15th. Vetr cut shares of Herc Holdings from a “strong-buy” rating to a “buy” rating and set a $54.25 target price for the company. in a research report on Tuesday, May 31st. Finally, Barclays PLC initiated coverage on shares of Herc Holdings in a research report on Tuesday. They set an “equal weight” rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $61.48.
Shares of Herc Holdings (NYSE:HTZ) opened at 38.80 on Wednesday. The firm’s 50-day moving average price is $48.37 and its 200 day moving average price is $48.30. Herc Holdings has a 52 week low of $38.65 and a 52 week high of $53.14. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of 4.85 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 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 analysts’ expectations of $2.26 billion. During the same period in the previous year, the business earned $0.80 EPS. Herc Holdings’s revenue was down 2.0% compared to the same quarter last year. On average, analysts anticipate that Herc Holdings will post $2.98 EPS for the current year.
A number of institutional investors have recently made changes to their positions in HTZ. Passport Capital LLC bought a new position in shares of Herc Holdings during the second quarter worth $121,000. Mountain Lake Investment Management LLC bought a new position in shares of Herc Holdings during the first quarter worth $158,000. Pitcairn Co. raised its position in shares of Herc Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock worth $159,000 after buying an additional 531 shares during the last quarter. World Asset Management Inc raised its position in shares of Herc Holdings by 14.0% in the second quarter. World Asset Management Inc now owns 15,487 shares of the company’s stock worth $171,000 after buying an additional 1,898 shares during the last quarter. Finally, Boothbay Fund Management LLC bought a new position in shares of Herc Holdings during the first quarter worth $186,000.
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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