Hertz Global Holdings, Inc (NYSE:HTZ) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Sunday.

A number of other research analysts also recently issued reports on HTZ. MKM Partners reiterated a “buy” rating and set a $29.00 target price (down previously from $33.00) on shares of Hertz Global Holdings in a research report on Sunday, March 19th. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, April 19th. Deutsche Bank AG restated a “hold” rating and set a $16.00 price objective on shares of Hertz Global Holdings in a report on Tuesday, May 9th. Morgan Stanley lowered their price objective on shares of Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, May 12th. Finally, Barclays PLC set a $9.00 price objective on shares of Hertz Global Holdings and gave the stock a “hold” rating in a report on Sunday, May 14th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $22.71.

Shares of Hertz Global Holdings (NYSE:HTZ) traded up 1.00% during midday trading on Friday, hitting $15.22. 10,542,674 shares of the company were exchanged. The firm’s market capitalization is $1.27 billion. Hertz Global Holdings has a one year low of $8.52 and a one year high of $53.14. The firm’s 50 day moving average price is $9.87 and its 200 day moving average price is $17.22.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, May 8th. The transportation company reported ($1.61) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.00) by $0.61. Hertz Global Holdings had a negative net margin of 7.60% and a negative return on equity of 1.86%. The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm earned ($0.79) EPS. The firm’s revenue was down 3.4% on a year-over-year basis. Analysts forecast that Hertz Global Holdings will post ($0.57) EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTZ. Russell Investments Group Ltd. acquired a new position in Hertz Global Holdings during the fourth quarter valued at $265,000. Dimensional Fund Advisors LP increased its position in Hertz Global Holdings by 8.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,136,099 shares of the transportation company’s stock valued at $24,494,000 after buying an additional 84,736 shares during the last quarter. Federated Investors Inc. PA increased its position in 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 during the last quarter. Credit Agricole S A acquired a new position in Hertz Global Holdings during the fourth quarter valued at $341,000. Finally, GSA Capital Partners LLP increased its position in Hertz Global Holdings by 15.7% in the fourth quarter. GSA Capital Partners LLP now owns 17,284 shares of the transportation company’s stock valued at $373,000 after buying an additional 2,340 shares during the last quarter.

About Hertz Global Holdings

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.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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