Hertz Global (HTZ) Price Target Cut to $13.00 by Analysts at Goldman Sachs Group
Hertz Global (NYSE:HTZ) had its price objective reduced by Goldman Sachs Group from $15.00 to $13.00 in a research report issued on Thursday, Marketbeat.com reports. The firm currently has a “sell” rating on the transportation company’s stock. Goldman Sachs Group’s target price points to a potential downside of 32.43% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Hertz Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Morgan Stanley cut their price target on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. Hertz Global has an average rating of “Hold” and a consensus target price of $16.75.
Hertz Global (NYSE HTZ) traded up $0.62 on Thursday, reaching $19.24. 3,842,084 shares of the company traded hands, compared to its average volume of 3,210,000. The firm has a market capitalization of $1,560.00 and a PE ratio of -2.21. 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 has a 1 year low of $8.52 and a 1 year high of $27.27.
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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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