Macquarie reaffirmed their hold rating on shares of Hertz Global Holdings Inc. (NYSE:HTZ) in a report issued on Tuesday.

Several other analysts have also weighed in on HTZ. Northcoast Research restated a buy rating on shares of Hertz Global Holdings in a report on Tuesday, July 12th. Deutsche Bank AG decreased their price target on Hertz Global Holdings from $76.00 to $63.00 and set a buy rating on the stock in a report on Wednesday, August 10th. Morgan Stanley started coverage on Hertz Global Holdings in a research note on Tuesday, September 6th. They issued an overweight rating and a $57.00 target price on the stock. Zacks Investment Research lowered Hertz Global Holdings from a hold rating to a sell rating in a research note on Tuesday, September 13th. Finally, Barclays PLC started coverage on Hertz Global Holdings in a research note on Tuesday, September 27th. They issued an equal weight rating and a $52.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Hertz Global Holdings presently has an average rating of Hold and an average target price of $50.89.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

Hertz Global Holdings (NYSE:HTZ) opened at 28.47 on Tuesday. The stock has a market cap of $2.42 billion and a price-to-earnings ratio of 3.56. Hertz Global Holdings has a 52-week low of $17.20 and a 52-week high of $53.14. The stock has a 50 day moving average price of $35.84 and a 200 day moving average price of $43.78.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Monday, November 7th. The company reported $1.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.73 by $1.15. The company earned $2.50 billion during the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 1.3% compared to the same quarter last year. Analysts expect that Hertz Global Holdings will post $2.92 EPS for the current fiscal year.

In other news, major shareholder Carl C. Icahn acquired 15,080,442 shares of Hertz Global Holdings stock in a transaction dated Tuesday, November 8th. The stock was purchased at an average cost of $23.43 per share, for a total transaction of $353,334,756.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Carl C. Icahn acquired 1,244,831 shares of Hertz Global Holdings stock in a transaction dated Thursday, November 10th. The stock was purchased at an average price of $28.10 per share, with a total value of $34,979,751.10. The disclosure for this purchase can be found here. 0.40% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlueMountain Capital Management LLC boosted its position in shares of Hertz Global Holdings by 62.9% in the first quarter. BlueMountain Capital Management LLC now owns 605,416 shares of the company’s stock valued at $6,375,000 after buying an additional 233,859 shares in the last quarter. First Republic Investment Management Inc. boosted its position in shares of Hertz Global Holdings by 109.8% in the first quarter. First Republic Investment Management Inc. now owns 155,028 shares of the company’s stock valued at $1,633,000 after buying an additional 81,138 shares in the last quarter. Phocas Financial Corp. bought a new position in shares of Hertz Global Holdings during the first quarter valued at $2,721,000. Seven Eight Capital LLC bought a new position in shares of Hertz Global Holdings during the first quarter valued at $311,000. Finally, Mountain Lake Investment Management LLC bought a new position in shares of Hertz Global Holdings during the first quarter valued at $158,000. Hedge funds and other institutional investors own 42.94% of the company’s stock.

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.

5 Day Chart for NYSE:HTZ

Receive News & Stock Ratings for Hertz Global Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global Holdings Inc. and related stocks with our FREE daily email newsletter.