Hertz Global Holdings, Inc (HTZ) PT Lowered to $13.00

Hertz Global Holdings, Inc (NYSE:HTZ) had its price target trimmed by Morgan Stanley from $14.00 to $13.00 in a report published on Wednesday. The firm currently has an underweight rating on the transportation company’s stock.

Several other research analysts have also commented on HTZ. Northcoast Research restated a neutral rating on shares of Hertz Global Holdings in a report on Monday, November 13th. Barclays PLC lowered shares of Hertz Global Holdings from an equal weight rating to an underweight rating and decreased their price objective for the stock from $17.34 to $9.00 in a report on Monday, July 31st. Zacks Investment Research upgraded shares of Hertz Global Holdings from a strong sell rating to a hold rating in a report on Wednesday, October 11th. BidaskClub upgraded shares of Hertz Global Holdings from a buy rating to a strong-buy rating in a report on Wednesday, August 16th. Finally, J P Morgan Chase & Co started coverage on shares of Hertz Global Holdings in a report on Friday, August 4th. They issued a neutral rating and a $15.00 price objective for the company. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of $17.29.

Shares of Hertz Global Holdings (HTZ) opened at $17.69 on Wednesday. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $27.27. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.09. Hertz Global Holdings had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the prior year, the business posted $1.58 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. equities research analysts expect that Hertz Global Holdings will post -1.39 earnings per share for the current fiscal year.

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In other news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC grew its position in Hertz Global Holdings by 14.6% during the 1st quarter. Teachers Advisors LLC now owns 87,229 shares of the transportation company’s stock valued at $1,530,000 after purchasing an additional 11,120 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in Hertz Global Holdings by 25.8% during the 1st quarter. TIAA CREF Investment Management LLC now owns 273,104 shares of the transportation company’s stock valued at $4,790,000 after purchasing an additional 56,011 shares during the last quarter. Geode Capital Management LLC grew its position in Hertz Global Holdings by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 537,546 shares of the transportation company’s stock valued at $9,428,000 after purchasing an additional 15,351 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Hertz Global Holdings by 106.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,351,144 shares of the transportation company’s stock valued at $41,239,000 after purchasing an additional 1,215,045 shares during the last quarter. Finally, KCG Holdings Inc. grew its position in Hertz Global Holdings by 63.3% during the 1st quarter. KCG Holdings Inc. now owns 15,560 shares of the transportation company’s stock valued at $273,000 after purchasing an additional 6,031 shares during the last quarter.

Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand. It operates through four segments: U.S.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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