Hertz Global (NYSE:HTZ) Lifted to “Hold” at ValuEngine

ValuEngine upgraded shares of Hertz Global (NYSE:HTZ) from a sell rating to a hold rating in a report issued on Friday, ValuEngine reports.

Other research analysts have also issued research reports about the stock. Barclays restated a buy rating and set a $18.00 target price on shares of Hertz Global in a research report on Wednesday, October 23rd. TheStreet upgraded shares of Hertz Global from a d+ rating to a c- rating in a research report on Wednesday, July 24th. Morgan Stanley set a $15.00 target price on shares of Hertz Global and gave the stock a sell rating in a research report on Friday, August 9th. Finally, Deutsche Bank set a $21.00 target price on shares of Hertz Global and gave the stock a hold rating in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Hertz Global presently has a consensus rating of Hold and a consensus price target of $19.40.

HTZ traded up $0.32 on Friday, reaching $16.66. The company had a trading volume of 2,793,863 shares, compared to its average volume of 3,197,848. Hertz Global has a fifty-two week low of $11.24 and a fifty-two week high of $21.95. The stock has a market cap of $2.35 billion, a P/E ratio of -98.00 and a beta of 2.22. The company’s fifty day moving average is $13.73 and its 200 day moving average is $14.97. The company has a debt-to-equity ratio of 19.52, a quick ratio of 1.13 and a current ratio of 1.13.

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Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Monday, November 4th. The transportation company reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.12. Hertz Global had a negative net margin of 0.42% and a positive return on equity of 14.65%. The business had revenue of $2.84 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the business earned $2.14 EPS. Hertz Global’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts expect that Hertz Global will post 1.27 EPS for the current year.

Several large investors have recently made changes to their positions in HTZ. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Hertz Global during the 2nd quarter worth approximately $29,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Hertz Global during the 2nd quarter worth approximately $72,000. Point72 Hong Kong Ltd acquired a new position in shares of Hertz Global during the 2nd quarter worth approximately $76,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Hertz Global by 47.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,679 shares of the transportation company’s stock worth $134,000 after acquiring an additional 3,101 shares during the period. Finally, World Asset Management Inc bought a new stake in shares of Hertz Global during the 2nd quarter worth approximately $182,000. Hedge funds and other institutional investors own 72.37% of the company’s stock.

About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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