Hertz Global (HTZ) Multiple Too Low, Says MKM
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Price: $2.25 +7.66%
Rating Summary:
3 Buy, 6 Hold, 7 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
3 Buy, 6 Hold, 7 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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With a compound annual growth rate of 27 percent through 2015, analysts at MKM think Hertz Global (NYSE: HTZ) P/E multiple is too lower.
"The final round of industry consolidation is a positive structural change for the industry and we believe justifies a higher multiple," said analyst Christopher Agnew.
"HTZ are executing across a broad range of revenue and cost initiatives that increase our confidence in its three-year revenue and margin goals and therefore the 27% EPS CAGR (2011-15) that we are modeling," added the analyst.
MKM Partners has a Buy rating on Hertz Global (NYSE: HTZ) with a price target of $26.00.
For an analyst ratings summary and ratings history on Hertz Global click here. For more ratings news on Hertz Global click here.
Shares of Hertz Global closed at $16.21 yesterday.
"The final round of industry consolidation is a positive structural change for the industry and we believe justifies a higher multiple," said analyst Christopher Agnew.
"HTZ are executing across a broad range of revenue and cost initiatives that increase our confidence in its three-year revenue and margin goals and therefore the 27% EPS CAGR (2011-15) that we are modeling," added the analyst.
MKM Partners has a Buy rating on Hertz Global (NYSE: HTZ) with a price target of $26.00.
For an analyst ratings summary and ratings history on Hertz Global click here. For more ratings news on Hertz Global click here.
Shares of Hertz Global closed at $16.21 yesterday.
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