Hertz Global Holdings, Inc (NYSE:HTZ)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $12.94 and last traded at $13.02, with a volume of 672123 shares. The stock had previously closed at $13.38.

Several equities analysts have recently weighed in on HTZ shares. Zacks Investment Research upgraded shares of Hertz Global from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research note on Thursday, May 2nd. TheStreet upgraded shares of Hertz Global from a “d+” rating to a “c-” rating in a research note on Wednesday, July 24th. Barclays upgraded shares of Hertz Global from an “equal weight” rating to an “overweight” rating and set a $19.00 target price on the stock in a research note on Thursday, August 8th. ValuEngine cut shares of Hertz Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Deutsche Bank set a $21.00 price objective on shares of Hertz Global and gave the company a “hold” rating in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $18.50.

The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -76.18 and a beta of 2.11. The company has a 50-day simple moving average of $15.34. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 18.68.

Hertz Global (NYSE:HTZ) last released its earnings results on Tuesday, August 6th. The transportation company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.52. Hertz Global had a positive return on equity of 10.92% and a negative net margin of 0.71%. The business had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the company earned ($0.19) earnings per share. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. Research analysts expect that Hertz Global Holdings, Inc will post 1.12 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its position in shares of Hertz Global by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,114,841 shares of the transportation company’s stock worth $97,119,000 after purchasing an additional 36,618 shares during the last quarter. BlackRock Inc. lifted its position in shares of Hertz Global by 25.4% during the second quarter. BlackRock Inc. now owns 4,882,070 shares of the transportation company’s stock worth $77,917,000 after purchasing an additional 989,685 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of Hertz Global by 4.9% during the first quarter. Neuberger Berman Group LLC now owns 1,253,522 shares of the transportation company’s stock worth $21,773,000 after purchasing an additional 58,130 shares during the last quarter. Parametric Portfolio Associates LLC lifted its position in shares of Hertz Global by 10.0% during the first quarter. Parametric Portfolio Associates LLC now owns 1,085,644 shares of the transportation company’s stock worth $18,858,000 after purchasing an additional 98,615 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Hertz Global by 14.1% during the first quarter. Royce & Associates LP now owns 839,900 shares of the transportation company’s stock worth $14,589,000 after purchasing an additional 103,500 shares during the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.

Hertz Global Company Profile (NYSE:HTZ)

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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