Hertz Global (NYSE:HTZ) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.
Other equities research analysts have also issued reports about the company. Morgan Stanley dropped their price target on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Zacks Investment Research lowered Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Goldman Sachs Group restated a “sell” rating and set a $13.00 price target (down from $15.00) on shares of Hertz Global in a research note on Thursday. Macquarie upgraded Hertz Global from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 18th. Finally, Northcoast Research restated a “neutral” rating on shares of Hertz Global in a research note 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 stock. Hertz Global has an average rating of “Hold” and an average price target of $16.75.
Hertz Global (NYSE HTZ) traded down $0.09 during trading on Thursday, reaching $18.62. The company had a trading volume of 3,930,000 shares, compared to its average volume of 3,120,000. The firm has a market capitalization of $1,570.00 and a price-to-earnings ratio of -2.14. Hertz Global has a 52-week low of $8.52 and a 52-week 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.
Hedge funds and other institutional investors have recently modified their holdings of the company. Crow Point Partners LLC purchased a new stake in shares of Hertz Global in the third quarter worth about $112,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Hertz Global in the fourth quarter worth about $181,000. Pacer Advisors Inc. boosted its position in shares of Hertz Global by 479,950.0% in the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after buying an additional 9,599 shares during the period. Sei Investments Co. boosted its position in shares of Hertz Global by 260.2% in the third quarter. Sei Investments Co. now owns 11,871 shares of the transportation company’s stock worth $265,000 after buying an additional 8,575 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new stake in shares of Hertz Global in the second quarter worth about $147,000.
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Hertz Global 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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