An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds fell 1.3% against their face value during trading on Tuesday. The debt issue has a 7.625% coupon and will mature on June 1, 2022. The bonds in the issue are now trading at $105.00 and were trading at $106.13 one week ago. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. ValuEngine downgraded Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Morgan Stanley dropped their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 15th. Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Finally, Deutsche Bank reiterated a “hold” rating and set a $18.00 price target (up previously from $14.00) on shares of Hertz Global in a research note on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.29.

Hertz Global Holdings, Inc (NYSE HTZ) traded down $3.67 during trading on Tuesday, reaching $20.93. The company’s stock had a trading volume of 8,764,245 shares, compared to its average volume of 2,480,000. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. The stock has a market cap of $2,060.00 and a P/E ratio of -2.40. Hertz Global Holdings, Inc has a twelve month low of $8.52 and a twelve month high of $27.27.

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

A number of institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC grew its stake in Hertz Global by 1.2% during the 2nd quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after purchasing an additional 282 shares during the last quarter. Suntrust Banks Inc. boosted its stake in shares of Hertz Global by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Hertz Global by 3.2% in the third quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock worth $1,628,000 after buying an additional 2,282 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Hertz Global by 2.5% in the third quarter. Canada Pension Plan Investment Board now owns 105,800 shares of the transportation company’s stock worth $2,366,000 after buying an additional 2,592 shares during the last quarter. Finally, American International Group Inc. boosted its stake in shares of Hertz Global by 8.1% in the third quarter. American International Group Inc. now owns 36,695 shares of the transportation company’s stock worth $821,000 after buying an additional 2,743 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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