Hertz Global (HTZ) Given a $13.00 Price Target by Goldman Sachs Group Analysts

Share on StockTwits

Hertz Global (NYSE:HTZ) has been given a $13.00 target price by research analysts at Goldman Sachs Group in a research note issued on Tuesday, October 16th. The brokerage presently has a “sell” rating on the transportation company’s stock. Goldman Sachs Group’s price objective would indicate a potential downside of 33.02% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Hertz Global from a “hold” rating to a “sell” rating in a report on Monday, July 16th. Zacks Investment Research raised Hertz Global from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. TheStreet raised Hertz Global from a “d” rating to a “c-” rating in a research note on Friday, August 24th. Morgan Stanley upped their target price on Hertz Global from $13.00 to $15.00 and gave the company an “underweight” rating in a research note on Tuesday, June 26th. Finally, Barclays upped their target price on Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a research note on Wednesday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Hertz Global presently has a consensus rating of “Hold” and an average target price of $14.00.

Shares of HTZ traded up $3.12 on Tuesday, reaching $19.41. The stock had a trading volume of 19,605,417 shares, compared to its average volume of 2,779,616. The stock has a market cap of $1.39 billion, a P/E ratio of -12.21 and a beta of 0.89. The company has a debt-to-equity ratio of 16.24, a current ratio of 1.16 and a quick ratio of 1.16. Hertz Global has a twelve month low of $13.01 and a twelve month high of $25.14.

Hertz Global (NYSE:HTZ) last released its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.36. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Hertz Global had a negative return on equity of 8.10% and a net margin of 4.87%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. Research analysts expect that Hertz Global will post -0.9 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Sei Investments Co. lifted its stake in Hertz Global by 59.3% in the 1st quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock valued at $178,000 after buying an additional 3,343 shares in the last quarter. Financial Architects Inc lifted its stake in shares of Hertz Global by 63.9% during the 2nd quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock worth $138,000 after purchasing an additional 3,500 shares during the period. NJ State Employees Deferred Compensation Plan lifted its stake in shares of Hertz Global by 28.6% during the 2nd quarter. NJ State Employees Deferred Compensation Plan now owns 18,000 shares of the transportation company’s stock worth $276,000 after purchasing an additional 4,000 shares during the period. KBC Group NV lifted its stake in shares of Hertz Global by 31.3% during the 2nd quarter. KBC Group NV now owns 22,741 shares of the transportation company’s stock worth $349,000 after purchasing an additional 5,417 shares during the period. Finally, First Republic Investment Management Inc. lifted its stake in shares of Hertz Global by 7.7% during the 2nd quarter. First Republic Investment Management Inc. now owns 76,100 shares of the transportation company’s stock worth $1,167,000 after purchasing an additional 5,440 shares during the period.

Hertz Global Company Profile

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.

Featured Story: What is a Leveraged Buyout (LBO)?

Analyst Recommendations for Hertz Global (NYSE:HTZ)

Receive News & Ratings for Hertz Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply