An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 1.5% against their face value during trading on Thursday. The high-yield issue of debt has a 5.5% coupon and will mature on October 15, 2024. The bonds in the issue are now trading at $86.09 and were trading at $84.25 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its share price.

HTZ has been the topic of several research analyst reports. Morgan Stanley lowered their price objective on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, May 12th. MKM Partners reiterated a “buy” rating and issued a $22.00 price objective (down from $29.00) on shares of Hertz Global Holdings in a report on Tuesday, June 6th. Barclays PLC cut Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $17.34 to $9.00 in a report on Monday, July 31st. Zacks Investment Research cut Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Finally, BidaskClub upgraded Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Five analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $16.57.

Hertz Global Holdings, Inc (NYSE:HTZ) opened at 20.74 on Friday. The stock’s market capitalization is $1.74 billion. Hertz Global Holdings, Inc has a 1-year low of $8.52 and a 1-year high of $52.08. The firm has a 50-day moving average of $17.14 and a 200-day moving average of $15.48.

Hertz Global Holdings (NYSE:HTZ) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) EPS for the quarter, missing the consensus estimate of ($0.12) by $0.51. The business had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.22 billion. Hertz Global Holdings had a negative net margin of 8.96% and a negative return on equity of 10.27%. The firm’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. Equities research analysts anticipate that Hertz Global Holdings, Inc will post ($1.63) EPS for the current year.

A number of hedge funds have recently made changes to their positions in HTZ. Bank of Montreal Can raised its stake in shares of Hertz Global Holdings by 46.2% in the first quarter. Bank of Montreal Can now owns 18,033 shares of the transportation company’s stock worth $316,000 after buying an additional 5,698 shares during the period. Nisa Investment Advisors LLC purchased a new stake in shares of Hertz Global Holdings during the first quarter worth about $174,000. First Manhattan Co. raised its stake in shares of Hertz Global Holdings by 251.6% in the first quarter. First Manhattan Co. now owns 7,267 shares of the transportation company’s stock worth $291,000 after buying an additional 5,200 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Hertz Global Holdings by 40.4% in the first quarter. Russell Investments Group Ltd. now owns 17,400 shares of the transportation company’s stock worth $305,000 after buying an additional 5,007 shares during the period. Finally, Wells Fargo & Company MN raised its stake in shares of Hertz Global Holdings by 42.9% in the first quarter. Wells Fargo & Company MN now owns 1,529,906 shares of the transportation company’s stock worth $26,834,000 after buying an additional 459,251 shares during the period.

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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.

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