Hertz Global Holdings Receives Average Recommendation of “Hold” from Brokerages (NYSE:HTZ)
Hertz Global Holdings (NYSE:HTZ) has received a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, AnalystRatings.Net reports. One analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $28.49.
A number of analysts have recently weighed in on HTZ shares. Analysts at Morgan Stanley reiterated an “underweight” rating on shares of Hertz Global Holdings in a research note on Thursday. They now have a $20.00 price target on the stock, up previously from $19.00. Separately, analysts at Gabelli cut their price target on shares of Hertz Global Holdings from $44.00 to $36.00 in a research note on Wednesday, August 20th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank downgraded shares of Hertz Global Holdings from a “buy” rating to a “hold” rating in a research note on Wednesday, August 20th. They now have a $25.00 price target on the stock, down previously from $33.00.
Hertz Global Holdings (NYSE:HTZ) opened at 29.55 on Tuesday. 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 $29.03 and a 200-day moving average of $28.06. The company has a market cap of $13.229 billion and a P/E ratio of 39.75. Hertz Global Holdings also was the recipient of a significant increase in short interest in the month of August. As of August 15th, there was short interest totalling 10,178,638 shares, an increase of 41.4% from the July 31st total of 7,200,719 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 7,558,097 shares, the days-to-cover ratio is currently 1.3 days.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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