Hertz Global Holdings Downgraded by Deutsche Bank (HTZ)
Hertz Global Holdings (NYSE:HTZ) was downgraded by analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. 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. 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $28.98.
Hertz Global Holdings (NYSE:HTZ) opened at 31.56 on Wednesday. Hertz Global Holdings has a one year low of $19.73 and a one year 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 $14.129 billion and a P/E ratio of 41.00. Hertz Global Holdings also saw some unusual options trading activity on Tuesday. Investors acquired 22,438 put options on the company. This represents an increase of approximately 695% compared to the typical volume of 2,822 put options.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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