Hertz Global Holdings, Inc (NYSE:HTZ) shot up 7% during trading on Friday . The stock traded as high as $20.75 and last traded at $20.27. 8,087,801 shares changed hands during trading, an increase of 32% from the average session volume of 6,120,608 shares. The stock had previously closed at $18.95.

Several brokerages recently commented on HTZ. Zacks Investment Research upgraded Hertz Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Deutsche Bank reiterated a “hold” rating and set a $18.00 target price (up from $14.00) on shares of Hertz Global in a report on Friday, October 6th. Morgan Stanley downgraded Hertz Global from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $12.00 to $14.00 in a report on Thursday, September 14th. Goldman Sachs Group reiterated a “sell” rating on shares of Hertz Global in a report on Thursday, September 7th. Finally, ValuEngine upgraded Hertz Global from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Five research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Hertz Global has a consensus rating of “Hold” and an average target price of $17.29.

The company has a debt-to-equity ratio of 18.38, a quick ratio of 1.77 and a current ratio of 1.77.

Hertz Global (NYSE:HTZ) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.09. Hertz Global had a negative return on equity of 14.05% and a negative net margin of 8.35%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $1.58 EPS. Hertz Global’s revenue for the quarter was up 1.2% compared to the same quarter last year. research analysts forecast that Hertz Global Holdings, Inc will post -1.39 EPS for the current fiscal year.

In other Hertz Global news, SVP Robin Kramer sold 3,524 shares of Hertz Global stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total transaction of $75,871.72. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.33% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Neuberger Berman Group LLC increased its holdings in shares of Hertz Global by 1.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,174,048 shares of the transportation company’s stock valued at $26,252,000 after acquiring an additional 11,380 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Hertz Global by 17.1% in the 3rd quarter. California Public Employees Retirement System now owns 938,013 shares of the transportation company’s stock valued at $20,974,000 after acquiring an additional 137,213 shares during the last quarter. Silver Point Capital L.P. bought a new stake in shares of Hertz Global in the 3rd quarter valued at approximately $13,863,000. Marianas Fund Management LLC bought a new stake in shares of Hertz Global in the 3rd quarter valued at approximately $1,105,000. Finally, California State Teachers Retirement System increased its holdings in shares of Hertz Global by 8.5% in the 3rd quarter. California State Teachers Retirement System now owns 105,124 shares of the transportation company’s stock valued at $2,351,000 after acquiring an additional 8,195 shares during the last quarter.

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About Hertz Global

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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