Zacks Investment Research upgraded shares of Hertz Global Holdings, Inc (NYSE:HTZ) from a hold rating to a buy rating in a research note published on Tuesday morning. Zacks Investment Research currently has $29.00 price target on the transportation company’s stock.

According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “

Other analysts also recently issued reports about the company. MKM Partners reiterated a buy rating and set a $22.00 target price on shares of Hertz Global Holdings in a research report on Thursday, August 10th. BidaskClub upgraded Hertz Global Holdings from a hold rating to a buy rating in a research report on Sunday, July 16th. Morgan Stanley downgraded Hertz Global Holdings from an equal weight rating to an underweight rating and upped their price objective for the stock from $12.00 to $14.00 in a research report on Thursday, September 14th. Deutsche Bank AG set a $14.00 price objective on Hertz Global Holdings and gave the stock a hold rating in a research report on Wednesday, August 9th. Finally, J P Morgan Chase & Co initiated coverage on Hertz Global Holdings in a research report on Friday, August 4th. They set a neutral rating and a $15.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $18.88.

Shares of Hertz Global Holdings (NYSE:HTZ) traded down 0.57% on Tuesday, hitting $24.45. The company’s stock had a trading volume of 4,782,519 shares. Hertz Global Holdings has a 52 week low of $8.52 and a 52 week high of $35.75. The firm’s market cap is $2.05 billion. The stock’s 50-day moving average price is $23.96 and its 200-day moving average price is $23.96.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 8.96% and a negative return on equity of 10.27%. The business’s revenue was down 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. Equities analysts expect that Hertz Global Holdings will post ($1.53) 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 stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by company insiders.

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

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Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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