Hertz Global Holdings, Inc (NYSE:HTZ) had its target price reduced by research analysts at Morgan Stanley from $14.00 to $13.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “underweight” rating on the transportation company’s stock. Morgan Stanley’s price objective points to a potential downside of 26.60% from the stock’s current price.

A number of other brokerages also recently commented on HTZ. Zacks Investment Research upgraded Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Deutsche Bank AG restated a “hold” rating and set a $18.00 price objective (up from $14.00) on shares of Hertz Global Holdings in a research note on Friday, October 6th. The Goldman Sachs Group, Inc. reissued a “sell” rating on shares of Hertz Global Holdings in a research note on Thursday, September 7th. ValuEngine raised Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Finally, BidaskClub raised Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.29.

Shares of Hertz Global Holdings (NYSE HTZ) traded up $0.51 on Wednesday, reaching $17.71. The company had a trading volume of 5,655,900 shares, compared to its average volume of 6,238,942. The company has a quick ratio of 1.77, a current 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 $27.27.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.58 billion. Hertz Global Holdings had a negative return on equity of 14.05% and a negative net margin of 8.35%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 EPS. equities analysts forecast that Hertz Global Holdings will post -1.41 earnings per share for the current fiscal year.

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In other news, SVP Robin Kramer sold 3,524 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Voya Investment Management LLC lifted its holdings in shares of Hertz Global Holdings by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after buying an additional 282 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of Hertz Global Holdings by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after buying an additional 285 shares during the period. Hosking Partners LLP lifted its holdings in shares of Hertz Global Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock valued at $625,000 after buying an additional 932 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock valued at $1,442,000 after buying an additional 1,144 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Hertz Global Holdings by 3.2% during the third quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock valued at $1,628,000 after purchasing an additional 2,282 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.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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