BidaskClub lowered shares of Hertz Global Holdings, Inc (NYSE:HTZ) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other equities research analysts also recently weighed in on HTZ. Zacks Investment Research upgraded shares of Hertz Global Holdings from a sell rating to a hold rating in a research note on Wednesday, April 19th. Deutsche Bank AG reiterated a hold rating and set a $16.00 price target on shares of Hertz Global Holdings in a research note on Tuesday, May 9th. Morgan Stanley decreased their price target on shares of Hertz Global Holdings from $15.00 to $12.00 and set an equal weight rating on the stock in a research note on Friday, May 12th. Barclays PLC set a $9.00 price target on shares of Hertz Global Holdings and gave the stock a hold rating in a research note on Sunday, May 14th. Finally, MKM Partners reiterated a buy rating and set a $22.00 price target (down previously from $29.00) on shares of Hertz Global Holdings in a research note on Tuesday, June 6th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $22.71.

Hertz Global Holdings (NYSE HTZ) traded down 0.17% on Tuesday, hitting $17.34. 6,339,895 shares of the stock were exchanged. The company’s 50 day moving average is $12.46 and its 200 day moving average is $16.09. Hertz Global Holdings has a 1-year low of $8.52 and a 1-year high of $52.27. The stock’s market cap is $1.45 billion.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, May 8th. The transportation company reported ($1.61) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.00) by $0.61. Hertz Global Holdings had a negative return on equity of 1.86% and a negative net margin of 7.60%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm earned ($0.79) EPS. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Hertz Global Holdings will post ($0.62) earnings per share for the current year.

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Large investors have recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its stake in shares of Hertz Global Holdings by 50.0% in the first quarter. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company’s stock valued at $59,392,000 after buying an additional 1,127,957 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Hertz Global Holdings by 106.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,351,144 shares of the transportation company’s stock valued at $41,239,000 after buying an additional 1,215,045 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Hertz Global Holdings by 18.4% in the first quarter. Gabelli Funds LLC now owns 2,031,000 shares of the transportation company’s stock valued at $35,624,000 after buying an additional 315,537 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Hertz Global Holdings by 5.6% in the second quarter. State of New Jersey Common Pension Fund D now owns 1,900,000 shares of the transportation company’s stock valued at $21,850,000 after buying an additional 100,000 shares in the last quarter. Finally, Wells Fargo & Company MN increased 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 valued at $26,834,000 after buying an additional 459,251 shares in the last quarter.

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.

Analyst Recommendations for Hertz Global Holdings (NYSE:HTZ)

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