Hertz Global (HTZ) Shares Gap Up to $21.06

Hertz Global Holdings, Inc (NYSE:HTZ)’s share price gapped up prior to trading on Friday . The stock had previously closed at $19.86, but opened at $21.06. Hertz Global shares last traded at $22.43, with a volume of 8082200 shares changing hands.

A number of research firms recently weighed in on HTZ. Macquarie upgraded shares of Hertz Global from a “neutral” rating to an “outperform” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Hertz Global from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine lowered shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Morgan Stanley lowered their price objective on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 15th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.29.

The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77. The company has a market capitalization of $1,880.00 and a price-to-earnings ratio of -2.58.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Glenview Capital Management LLC lifted its holdings in Hertz Global by 30.9% in the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after acquiring an additional 1,350,000 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Hertz Global by 7.3% during the 3rd quarter. Gamco Investors INC. ET AL now owns 5,245,864 shares of the transportation company’s stock worth $117,298,000 after buying an additional 358,161 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hertz Global by 120.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock worth $59,548,000 after buying an additional 2,826,922 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hertz Global by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock worth $55,325,000 after buying an additional 272,574 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in shares of Hertz Global by 71.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock worth $30,210,000 after buying an additional 1,097,060 shares during the last quarter.

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About Hertz Global

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.

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