Hertz Global Holdings, Inc (NYSE:HTZ) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Hertz Global Holdings, Inc (NYSE:HTZ) from a hold rating to a buy rating in a research note issued to investors on Tuesday, October 17th. The firm currently has $29.00 price target on the transportation company’s stock.

According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “

Other equities research analysts have also recently issued reports about the stock. MKM Partners reaffirmed a buy rating and issued a $22.00 price objective on shares of Hertz Global Holdings in a research report on Thursday, August 10th. BidaskClub raised shares of Hertz Global Holdings from a hold rating to a buy rating in a research report on Sunday, July 16th. Morgan Stanley cut shares of Hertz Global Holdings from an equal weight rating to an underweight rating and boosted their price target for the stock from $12.00 to $14.00 in a research report on Thursday, September 14th. Deutsche Bank AG set a $14.00 price target on shares of Hertz Global Holdings and gave the stock a hold rating in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co began coverage on shares of Hertz Global Holdings in a research report on Friday, August 4th. They set a neutral rating and a $15.00 price target on the stock. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $17.43.

Shares of Hertz Global Holdings (HTZ) opened at 24.41 on Tuesday. The firm’s market cap is $2.04 billion. The firm has a 50-day moving average price of $23.99 and a 200-day moving average price of $23.99. Hertz Global Holdings has a 52-week low of $17.20 and a 52-week high of $35.75.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.51). The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.41 earnings per share. Analysts predict that Hertz Global Holdings will post ($1.52) EPS for the current fiscal year.

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In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Utah Retirement Systems lifted its holdings in shares of Hertz Global Holdings by 0.8% during the 1st quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock worth $231,000 after acquiring an additional 100 shares during the period. Voya Investment Management LLC lifted its holdings in shares of Hertz Global Holdings by 1.2% during the 2nd quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock worth $276,000 after acquiring an additional 282 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Hertz Global Holdings by 2.2% during the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after acquiring an additional 285 shares during the period. Hosking Partners LLP lifted its holdings in shares of Hertz Global Holdings by 1.7% during the 2nd quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after acquiring an additional 932 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Hertz Global Holdings by 0.9% during the 2nd quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock worth $1,442,000 after acquiring an additional 1,144 shares during the period.

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.

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Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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