Hertz Global Holdings, Inc (NYSE:HTZ) Lowered to Sell at ValuEngine

Hertz Global Holdings, Inc (NYSE:HTZ) was downgraded by research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Monday, July 17th.

A number of other analysts also recently weighed in on HTZ. MKM Partners restated a “buy” rating and issued a $29.00 price target (down from $33.00) on shares of Hertz Global Holdings in a research note on Sunday, March 19th. Zacks Investment Research upgraded Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and issued a $16.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. Morgan Stanley decreased their price target on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, May 12th. Finally, Barclays PLC set a $9.00 price target on Hertz Global Holdings and gave the company a “hold” rating in a research note on Sunday, May 14th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $21.50.

Shares of Hertz Global Holdings (NYSE:HTZ) traded up 1.36% on Monday, reaching $18.65. The company’s stock had a trading volume of 13,813,673 shares. The company’s market capitalization is $1.56 billion. The stock has a 50-day moving average price of $14.17 and a 200-day moving average price of $15.68. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $52.27.

Hertz Global Holdings (NYSE:HTZ) last announced its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.51. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter last year, the business posted $0.41 earnings per share. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. On average, equities research analysts forecast that Hertz Global Holdings will post ($1.42) EPS for the current year.

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A number of institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA boosted its position in shares of Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the transportation company’s stock valued at $117,000 after buying an additional 3,236 shares in the last quarter. Suntrust Banks Inc. boosted its position in shares of Hertz Global Holdings by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after buying an additional 285 shares in the last quarter. Segantii Capital Management Ltd purchased a new position in shares of Hertz Global Holdings during the first quarter valued at about $167,000. Nisa Investment Advisors LLC purchased a new position in shares of Hertz Global Holdings during the first quarter valued at about $174,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in shares of Hertz Global Holdings by 146.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 9,940 shares of the transportation company’s stock valued at $174,000 after buying an additional 5,900 shares in 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.

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Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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