Hertz Global Holdings Inc. (NYSE:HTZ) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a note issued to investors on Tuesday. They presently have a $30.00 price target on the stock, down from their previous price target of $57.00. Morgan Stanley’s target price points to a potential upside of 13.46% from the stock’s current price.

Several other research analysts also recently commented on the stock. Barclays PLC initiated coverage on shares of Hertz Global Holdings in a research note on Tuesday, September 27th. They set an “equal weight” rating and a $52.00 price target on the stock. Macquarie initiated coverage on shares of Hertz Global Holdings in a research note on Thursday, August 25th. They set a “neutral” rating and a $56.00 price target on the stock. Goldman Sachs Group Inc. initiated coverage on shares of Hertz Global Holdings in a research note on Monday, October 24th. They set a “sell” rating and a $29.00 price target on the stock. Deutsche Bank AG downgraded shares of Hertz Global Holdings from a “buy” rating to a “hold” rating and decreased their price target for the stock from $59.00 to $24.00 in a research note on Tuesday, November 8th. Finally, MKM Partners set a $66.00 target price on shares of Hertz Global Holdings and gave the stock a “buy” rating in a report on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.53.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

Shares of Hertz Global Holdings (NYSE:HTZ) opened at 26.44 on Tuesday. Hertz Global Holdings has a 12-month low of $17.20 and a 12-month high of $53.14. The firm’s 50-day moving average is $33.83 and its 200-day moving average is $43.11. The company has a market capitalization of $2.19 billion and a price-to-earnings ratio of 35.68.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, November 7th. The company reported $1.58 EPS for the quarter, missing the consensus estimate of $2.73 by $1.15. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.60 billion. The business’s quarterly revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. On average, equities analysts predict that Hertz Global Holdings will post $0.68 EPS for the current year.

In other Hertz Global Holdings news, major shareholder Carl C. Icahn acquired 1,244,831 shares of the firm’s stock in a transaction dated Thursday, November 10th. The shares were acquired at an average price of $28.10 per share, for a total transaction of $34,979,751.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Tyler Best acquired 14,320 shares of the firm’s stock in a transaction dated Friday, November 11th. The shares were acquired at an average price of $27.93 per share, for a total transaction of $399,957.60. Following the acquisition, the vice president now directly owns 28,810 shares of the company’s stock, valued at $804,663.30. The disclosure for this purchase can be found here. Company insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of HTZ. CIBC Asset Management Inc boosted its stake in Hertz Global Holdings by 0.5% in the second quarter. CIBC Asset Management Inc now owns 19,125 shares of the company’s stock valued at $212,000 after buying an additional 96 shares during the period. FDx Advisors Inc. boosted its stake in Hertz Global Holdings by 1.1% in the second quarter. FDx Advisors Inc. now owns 45,630 shares of the company’s stock valued at $505,000 after buying an additional 518 shares during the period. Pitcairn Co. boosted its position in shares of Hertz Global Holdings by 3.8% in the second quarter. Pitcairn Co. now owns 14,363 shares of the company’s stock worth $159,000 after buying an additional 531 shares during the last quarter. Gargoyle Investment Advisor L.L.C. boosted its position in shares of Hertz Global Holdings by 2.5% in the second quarter. Gargoyle Investment Advisor L.L.C. now owns 55,373 shares of the company’s stock worth $613,000 after buying an additional 1,373 shares during the last quarter. Finally, World Asset Management Inc boosted its position in shares of Hertz Global Holdings by 14.0% in the second quarter. World Asset Management Inc now owns 15,487 shares of the company’s stock worth $171,000 after buying an additional 1,898 shares during the last quarter. Institutional investors and hedge funds own 49.24% of the company’s stock.

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.

5 Day Chart for NYSE:HTZ

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