In a research note issued to investors, Chris Woronka at Deutsche Bank Reiterated their Hold rating on Hertz Global Holdings Inc (NASDAQ:HTZ). The analyst placed a $22.00 price target on the stock which indicates a 8.11% upside to the last closing price. In the year following Chris’s ratings, the stocks covered yield an average return of 18.2% according to TipRanks.com. In the past year 11 out of 13 recommendations or 85% were successful.
On a consensus basis, Wall Street sell-side analysts have a mean target price of $23.4 for Hertz Global Holdings, Inc (NYSE:HTZ). This number is based on the mean estimate from the 5 research firms that recently issued reports on the company.
According to analysts, Hertz Global Holdings, Inc (NYSE:HTZ) is expected to report earnings per share for the current fiscal quarter of $N/A. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on N/A of $N/A.
The average broker recommendation is arithmetical average of the individual ratings contributed by sell-side analysts to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 is a Strong Buy and 5 is a Strong Sell, has the stock is ranked 2.33 based on 5 sell-side broker recommendations. Of the 5 analyst estimates, the most bullish sees the stock reaching $28 within the next 12 months while the most bearish analyst sees the stock at $17 within the year.
In looking at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.34. The high end estimate for this time frame is $1.39 with the low being $1.3. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 13%, based on 1 analysts providing projections.
Hertz Global Holdings, Inc. (Hertz Holdings) is a holding company. The Hertz Corporation (Hertz) is its operating company and a direct wholly owned subsidiary of Hertz Investors, Inc., which is wholly owned by Hertz Holdings. Its business operates in two segments: rental and leasing of cars, crossovers and light trucks (car rental), and rental of industrial, construction and material handling equipment (equipment rental). In its equipment rental business segment, it rents equipment through approximately 340 branches in the United States, Canada, France, Spain, Italy, China and Saudi Arabia, as well as through its international licensees. In October 2013, the Company announced that its wholly owned subsidiary Hertz Equipment Rental Corporation (hertzequip.com) has opened a 15,000 square foot location in Paso Robles, California to serve the growing non-residential construction, oil and gas, and agricultural markets.