Hertz Global Holdings, Inc (NYSE:HTZ) had its target price cut by investment analysts at Morgan Stanley from $14.00 to $13.00 in a research note issued on Wednesday. The firm currently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective suggests a potential downside of 24.42% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. MKM Partners restated a “buy” rating and issued a $22.00 price target on shares of Hertz Global Holdings in a research report on Thursday, August 10th. BidaskClub cut shares of Hertz Global Holdings from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Hertz Global Holdings in a research report on Thursday, September 7th. 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 report on Wednesday, August 9th. Finally, J P Morgan Chase & Co assumed coverage on shares of Hertz Global Holdings in a research report on Friday, August 4th. They issued a “neutral” rating and a $15.00 price target on the stock. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Hertz Global Holdings presently has an average rating of “Hold” and a consensus price target of $17.29.

Hertz Global Holdings (NYSE:HTZ) traded down $0.69 during trading on Wednesday, hitting $17.20. 5,735,700 shares of the stock traded hands, compared to its average volume of 6,241,579. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global Holdings has a 52-week low of $8.52 and a 52-week high of $27.43.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.09. Hertz Global Holdings had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the business posted $1.58 earnings per share. Hertz Global Holdings’s quarterly revenue was up 1.2% on a year-over-year basis. analysts anticipate that Hertz Global Holdings will post -1.11 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 business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HTZ. Crow Point Partners LLC bought a new position in Hertz Global Holdings during the third quarter valued at $112,000. BlueCrest Capital Management Ltd purchased a new stake in shares of Hertz Global Holdings during the second quarter valued at $147,000. Suntrust Banks Inc. boosted its stake in shares of Hertz Global Holdings by 2.2% during the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after purchasing an additional 285 shares during the period. Caxton Associates LP purchased a new stake in shares of Hertz Global Holdings during the second quarter valued at $199,000. Finally, Pacer Advisors Inc. boosted its stake in shares of Hertz Global Holdings by 479,950.0% during the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 9,599 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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