Analysts at J P Morgan Chase & Co assumed coverage on shares of Hertz Global Holdings, Inc (NYSE:HTZ) in a research note issued on Friday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $15.00 price target on the transportation company’s stock. J P Morgan Chase & Co’s target price indicates a potential upside of 4.75% from the company’s previous close.

A number of other research firms also recently weighed in on HTZ. Barclays PLC downgraded Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $17.34 to $9.00 in a research report on Monday, July 31st. Zacks Investment Research raised Hertz Global Holdings from a “sell” rating to a “hold” rating in a report on Monday, May 1st. BidaskClub cut Hertz Global Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. ValuEngine cut Hertz Global Holdings from a “hold” rating to a “sell” rating in a report on Monday, July 17th. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $16.00 price target on shares of Hertz Global Holdings in a report on Tuesday, May 9th. Five equities research 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 has an average rating of “Hold” and an average target price of $21.75.

Hertz Global Holdings (NYSE HTZ) traded up 10.32% during trading on Friday, reaching $14.32. The company’s stock had a trading volume of 11,511,820 shares. The firm has a 50-day moving average price of $12.76 and a 200-day moving average price of $15.89. The firm’s market capitalization is $1.20 billion. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $52.27. Hertz Global Holdings also was the recipient of unusually large options trading on Thursday. Stock traders acquired 24,812 put options on the company. This represents an increase of 648% compared to the typical volume of 3,316 put options.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, May 8th. The transportation company reported ($1.61) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by $0.61. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.79) earnings per share. On average, equities analysts anticipate that Hertz Global Holdings will post ($0.60) EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in HTZ. Utah Retirement Systems increased its stake in shares of Hertz Global Holdings by 0.8% in the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock valued at $231,000 after buying an additional 100 shares during the period. Suntrust Banks Inc. increased its stake in shares of Hertz Global Holdings by 3.5% in the first quarter. Suntrust Banks Inc. now owns 12,822 shares of the transportation company’s stock valued at $224,000 after buying an additional 434 shares during the period. SG Americas Securities LLC increased its stake in shares of Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock valued at $1,442,000 after buying an additional 1,144 shares during the period. M&T Bank Corp increased its stake in shares of Hertz Global Holdings by 18.9% in the first quarter. M&T Bank Corp now owns 21,284 shares of the transportation company’s stock valued at $373,000 after buying an additional 3,380 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Hertz Global Holdings by 40.4% in the first quarter. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company’s stock valued at $305,000 after buying an additional 5,007 shares during the period.

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.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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