Hertz Global Holdings, Inc (NYSE:HTZ)‘s stock had its “hold” rating reissued by equities researchers at Deutsche Bank AG in a note issued to investors on Friday. They currently have a $18.00 price target on the transportation company’s stock, up from their prior price target of $14.00. Deutsche Bank AG’s price objective points to a potential downside of 26.38% from the company’s current price.

Other analysts also recently issued research reports about the company. MKM Partners reiterated a “buy” rating and set a $22.00 price target on shares of Hertz Global Holdings in a research note on Thursday, August 10th. BidaskClub upgraded Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Morgan Stanley downgraded Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $12.00 to $14.00 in a research note on Thursday, September 14th. J P Morgan Chase & Co assumed coverage on Hertz Global Holdings in a research note on Friday, August 4th. They set a “neutral” rating and a $15.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Hertz Global Holdings in a research note on Thursday, September 7th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. Hertz Global Holdings presently has a consensus rating of “Hold” and an average target price of $17.43.

Shares of Hertz Global Holdings (HTZ) traded up 3.44% during midday trading on Friday, hitting $25.29. The company had a trading volume of 4,371,167 shares. The company’s 50 day moving average is $23.04 and its 200 day moving average is $23.04. The firm’s market cap is $2.12 billion. Hertz Global Holdings has a one year low of $17.20 and a one year high of $38.75.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.51). The company had revenue of $2.22 billion for 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 was down 2.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Equities analysts forecast that Hertz Global Holdings will post ($1.51) earnings per share for the current fiscal year.

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In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.33% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Glenview Capital Management LLC raised its holdings in Hertz Global Holdings by 30.9% in the 2nd quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after acquiring an additional 1,350,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Hertz Global Holdings by 120.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after acquiring an additional 2,826,922 shares in the last quarter. Gamco Investors INC. ET AL raised its holdings in Hertz Global Holdings by 44.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock valued at $56,209,000 after acquiring an additional 1,501,599 shares in the last quarter. Vanguard Group Inc. raised its holdings in Hertz Global Holdings by 6.0% in the 2nd quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock valued at $55,325,000 after acquiring an additional 272,574 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Hertz Global Holdings by 71.7% in the 2nd quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock valued at $30,210,000 after acquiring an additional 1,097,060 shares in 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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