Oppenheimer analyst Ian Zaffino maintained a Hold rating on Hertz Global (HTZ – Research Report) today. The company’s shares closed last Friday at $7.58.
Zaffino covers the Consumer Cyclical sector, focusing on stocks such as Cedar Fair, Travel + Leisure Co, and Cannae Holdings. According to TipRanks, Zaffino has an average return of 3.4% and a 48.37% success rate on recommended stocks.
Hertz Global has an analyst consensus of Hold, with a price target consensus of $9.75.
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Based on Hertz Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.18 billion and a GAAP net loss of $348 million. In comparison, last year the company earned a revenue of $2.04 billion and had a net profit of $116 million
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Hertz Global (HTZ) Company Description:
Hertz Global Holdings Inc operates an automotive vehicle rental service through the Hertz, Dollar, Thrifty, and Firefly brands. The company offers cars, crossovers, and light trucks for rent; ancillary products and services; rental of industrial, construction, and material handling equipment; and fleet-leasing and fleet-management services. The company operates a network of car rental locations and licenses its brands to associates and franchisees. The highest segment by revenue is the U.S. car rental unit.
Read More on HTZ:
- Hertz CEO Stephen Scherr steps down, Gil West to succeed
- Morgan Stanley upgrades U.S. auto industry view to Attractive from In-Line
- Hertz Global Holdings put volume heavy and directionally bearish
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