Gabelli Trims Hertz Global Holdings Target Price to $36.00 (HTZ)
Equities research analysts at Gabelli lowered their target price on shares of Hertz Global Holdings (NYSE:HTZ) from $44.00 to $36.00 in a research note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Gabelli’s price target suggests a potential upside of 14.07% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank downgraded shares of Hertz Global Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday. They now have a $25.00 price target on the stock, down previously from $33.00. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Hertz Global Holdings from an “overweight” rating to a “neutral” rating in a research note on Wednesday. They now have a $25.00 price target on the stock, down previously from $32.00. Finally, analysts at Zacks upgraded shares of Hertz Global Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $30.90 price target on the stock. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hertz Global Holdings has a consensus rating of “Hold” and a consensus target price of $28.49.
Hertz Global Holdings (NYSE:HTZ) traded down 9.46% on Wednesday, hitting $28.575. The stock had a trading volume of 52,639,520 shares. Hertz Global Holdings has a 52 week low of $19.73 and a 52 week high of $31.61. The stock has a 50-day moving average of $28.66 and a 200-day moving average of $27.82. The company has a market cap of $12.792 billion and a P/E ratio of 41.53. Hertz Global Holdings also was the target of some unusual options trading activity on Tuesday. Stock investors purchased 22,438 put options on the company. This is an increase of 695% compared to the average volume of 2,822 put options.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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