Hertz Global Holdings, Inc (NYSE:HTZ) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.

Other equities analysts have also recently issued research reports about the stock. MKM Partners reiterated a “buy” rating and issued a $22.00 price target on shares of Hertz Global Holdings in a research note on Wednesday, June 28th. Morgan Stanley dropped their price target on shares of Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, May 12th. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Deutsche Bank AG set a $14.00 price target on shares of Hertz Global Holdings and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Finally, Barclays PLC set a $9.00 price target on shares of Hertz Global Holdings and gave the stock a “hold” rating in a research note on Sunday, May 14th. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Hertz Global Holdings presently has an average rating of “Hold” and an average target price of $21.50.

Shares of Hertz Global Holdings (NYSE HTZ) traded up 5.07% during mid-day trading on Tuesday, hitting $18.24. 5,878,715 shares of the stock traded hands. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $52.27. The company’s 50-day moving average price is $15.50 and its 200 day moving average price is $15.50. The company’s market capitalization is $1.53 billion.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.12) by $0.51. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The business’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 EPS. Equities research analysts forecast that Hertz Global Holdings will post ($1.63) EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of HTZ. The Manufacturers Life Insurance Company raised its position in shares of Hertz Global Holdings by 1,679.2% in the second quarter. The Manufacturers Life Insurance Company now owns 44,586 shares of the transportation company’s stock worth $513,000 after buying an additional 42,080 shares during the period. Caxton Associates LP acquired a new position in shares of Hertz Global Holdings during the second quarter worth $199,000. Glenview Capital Management LLC raised its position in shares of Hertz Global Holdings by 30.9% in the second quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock worth $65,721,000 after buying an additional 1,350,000 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Hertz Global Holdings during the second quarter worth $147,000. Finally, State Street Corp raised its position in shares of Hertz Global Holdings by 43.0% in the second quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock worth $23,510,000 after buying an additional 614,357 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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