The stock presently has an average rating of “Buy” and a consensus target price of $14.67. The stock attained the volume of 76,569,998 shares.
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HTZ has been the subject of a number of other reports. The Charlotte-based lender has statedly readied a round of layoffs in its investment banking unit surpassing the usual 5 percent trim in payrolls.
Hertz Global Holdings, Inc.is a holding company. Finally, Zacks Investment Research lowered shares of Hertz Global Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, March 3rd. Hertz Global Holdings was founded on July 15, 2005 and is headquartered in Naples, FL.
A number of other equities analysts have also recently weighed in on the stock.
Several large investors have modified their holdings of HTZ.
This past February, Hertz reported earnings for the fourth quarter that were higher than estimates on Wall Street as the company’s fleet management and cost cutting efforts started to bear fruit despite prices being hit from an increased amount of competition. Morgan Stanley now owns 8,784,840 shares of the company’s stock worth $125,008,000 after buying an additional 7,663,284 shares during the last quarter. Creative Planning raised its position in Hertz Global Holdings by 130.9% in the fourth quarter. Gulf International Bank UK Ltd now owns 126,916 shares of the company’s stock worth $1,806,000 after buying an additional 1,000 shares in the last quarter. The firm has a PE ratio of 14.32. Hertz Global Holdings Inc (NYSE:HTZ)’s distance from 20 day simple moving average is -16.74% whereas its distance from 50 day simple moving average is -7.78% along with -40.93% distance from 200 day simple moving average. The company earned $2.41 billion during the quarter, compared to the consensus estimate of $2.52 billion.
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For the first quarter 2016, Hertz Global Holdings expects U.S. RAC revenue per available auto day (RACD) to decline between 2.5 to 3.5 percent versus the same period previous year on low single-digit growth in transaction days. In addition to maintaining its 2016 adjusted Corporate EBITDA guidance, the company provided corresponding full-year adjusted earnings per share guidance of between $0.95 per share and $1.10 per share, which is based on an average of 424 million shares outstanding and a 37 percent effective tax rate.
