The shares of Hertz Global Holdings Inc (NYSE:HTZ)currently has mean rating of 2.1 while 3 analyst have recommended the shares as ‘BUY’ ,2 recommended as ‘OUTPERFORM’ and 3 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of Hertz Global Holdings Inc (NYSE:HTZ)is at $13.83 while the highest price target suggested by the analysts is $16.00 and low price target is $11.00. The mean price target is calculated keeping in view the consensus of 6 brokerage firms.
The company’s mean estimate for sales for the current quarter ending Jun 16 is 2.67B by 6 analysts. The means estimate of sales for the year ending Dec 16 is 10.52B by 7 analysts.
The average estimate of EPS for the current fiscal quarter for Hertz Global Holdings Inc (NYSE:HTZ)stands at $0.21 while the EPS for the current year is fixed at $0.94 by 7.00 analysts
The next one year’s EPS estimate is set at 1.19 by 8.00 analysts while a year ago the analysts suggested the company’s EPS at $0.94. The analysts also projected the company’s long-term growth at 23.24% for the upcoming five years
In its latest quarter ended on 31 Mar 2016 , Hertz Global Holdings Inc (NYSE:HTZ)reported earnings of $-0.12. The posted earnings missed the analyst’s consensus by $-0.11 with the surprise factor of -1,100.00%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Hertz Global Holdings Inc (NYSE:HTZ) traded up +4.59% during trading on Friday, hitting $11.88 . The stock had a trading volume of 8.8 M shares. The firm has a 50 day moving average of $9.71 and a 200-day moving average of $10.25. The stock has a market cap of $5.03B and a price-to-earnings ratio of 18.19. On Jul 17, 2015 the shares registered one year high at $20.50 and the one year low was seen on Feb 11, 2016.
On June 23, 2016 Hertz Global Holdings Inc (NYSE:HTZ) will continue to serve as the official car rental partner for Disneyland Paris – Europe’s top tourist destination – for a further five years, following a recent renewal agreement.
The partnership, which celebrated its 20th anniversary in 2015, has been expanded beyond France to a European level. As a result, Disneyland Paris guests (totalling 14.8 million annually) will benefit from special car rental rates in locations across Belgium, France, Germany, Italy, Luxembourg, The Netherlands, Spain and the UK, from the end of this year.
To mark its partnership renewal, Hertz and Disneyland Paris will kick off a new program of joint marketing activity. Hertz will also continue to benefit from exposure in the resort, including ongoing sponsorship of the Main Street Vehicles attraction. The car rental company’s product line includes the Family Collection, an ideal choice for groups and families visiting the parks.
Michel Taride, Group President, Hertz International, said: “Disneyland Paris is undeniably one of the best and most popular tourist attractions in Europe and we’re proud of our special relationship with the park for more than 20 years. This latest agreement will mean continued collaboration between Hertz and Disneyland Paris for the benefit of all of our customers.”
Thierry Pedros, Vice President of Strategic Alliances at Disneyland Paris and The Walt Disney Company EMEA, commented: “We’re delighted about this lasting partnership. The extension of this agreement illustrates our shared desire to build privileged relationships with European visitors, and to help them have access to everything necessary for a truly successful stay at Disneyland Paris.”