Herc Holdings Inc (HTZ) Trading Down 2%
Herc Holdings Inc (NYSE:HTZ) shares were down 2% during trading on Monday . The stock traded as low as $48.12 and last traded at $48.26, with a volume of 433,110 shares traded. The stock had previously closed at $49.22.
Several research analysts have commented on HTZ shares. 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. Morgan Stanley reiterated a “buy” rating and issued a $65.00 price objective on shares of Herc Holdings in a report on Wednesday, June 15th. MKM Partners reiterated a “buy” rating on shares of Herc Holdings in a report on Friday, June 17th. Zacks Investment Research upgraded shares of Herc Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Finally, Deutsche Bank AG increased their price objective on shares of Herc Holdings from $16.00 to $76.00 and gave the company a “buy” rating in a report on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $62.76.
The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 6.01 and a beta of 2.43. The company’s 50 day moving average is $48.69 and its 200 day moving average is $48.87.
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Herc Holdings (NYSE:HTZ) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.41 earnings per share (EPS) 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 prior year, the company earned $0.80 earnings per share. The firm’s revenue was down 2.0% compared to the same quarter last year. Analysts forecast that Herc Holdings Inc will post $3.02 earnings per share for the current year.
A number of institutional investors have recently made changes to their positions in HTZ. Norges Bank purchased a new position in shares of Herc Holdings during the fourth quarter valued at about $56,391,000. Teachers Advisors Inc. increased its position in shares of Herc Holdings by 127.0% in the first quarter. Teachers Advisors Inc. now owns 4,036,686 shares of the company’s stock valued at $42,506,000 after buying an additional 2,258,092 shares in the last quarter. Iridian Asset Management LLC CT increased its position in shares of Herc Holdings by 15.4% in the second quarter. Iridian Asset Management LLC CT now owns 14,988,648 shares of the company’s stock valued at $165,924,000 after buying an additional 1,999,570 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Herc Holdings by 28.7% in the first quarter. TIAA CREF Investment Management LLC now owns 8,407,835 shares of the company’s stock valued at $88,535,000 after buying an additional 1,876,771 shares in the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Herc Holdings by 35.8% in the second quarter. Gamco Investors INC. ET AL now owns 6,999,237 shares of the company’s stock valued at $77,482,000 after buying an additional 1,846,305 shares in the last quarter.
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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