Hertz Global Holdings, Inc (NYSE:HTZ) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Hertz Global Holdings, Inc. operates car rental business. The company’s product and services consists of Hertz Gold Plus Rewards, NeverLost(R), Carfirmations, Mobile Wi-Fi and unique vehicles offered through the Adrenaline, Dream, Green and Prestige Collections. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz Global Holdings, Inc. is based in FL, United States. “

A number of other brokerages have also issued reports on HTZ. Deutsche Bank AG reissued a “hold” rating and issued a $18.00 price target (up previously from $14.00) on shares of Hertz Global Holdings in a report on Friday, October 6th. Morgan Stanley lowered shares of Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $12.00 to $14.00 in a report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Hertz Global Holdings in a report on Thursday, September 7th. ValuEngine raised shares of Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub raised shares of Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 16th. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Hertz Global Holdings has an average rating of “Hold” and an average price target of $17.43.

Hertz Global Holdings (HTZ) opened at 26.72 on Wednesday. The firm’s market cap is $2.24 billion. The company has a 50-day moving average of $23.43 and a 200 day moving average of $23.43. Hertz Global Holdings has a 12-month low of $17.20 and a 12-month high of $36.17.

Hertz Global Holdings (NYSE:HTZ) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.51). The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. Hertz Global Holdings’s revenue was down 2.0% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Equities analysts expect that Hertz Global Holdings will post ($1.45) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Hertz Global Holdings, Inc (HTZ) Upgraded to Hold by Zacks Investment Research” was originally published by Watch List News and is the property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.watchlistnews.com/hertz-global-holdings-inc-htz-upgraded-to-hold-by-zacks-investment-research/1622484.html.

In other news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $21.53, for a total transaction of $75,871.72. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.33% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Glenview Capital Management LLC boosted its stake in shares of Hertz Global Holdings by 30.9% during the 2nd quarter. Glenview Capital Management LLC now owns 5,714,904 shares of the transportation company’s stock valued at $65,721,000 after purchasing an additional 1,350,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Hertz Global Holdings by 120.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,178,066 shares of the transportation company’s stock valued at $59,548,000 after purchasing an additional 2,826,922 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Hertz Global Holdings by 44.3% during the 2nd quarter. Gamco Investors INC. ET AL now owns 4,887,703 shares of the transportation company’s stock valued at $56,209,000 after purchasing an additional 1,501,599 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Hertz Global Holdings by 6.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock valued at $55,325,000 after purchasing an additional 272,574 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Hertz Global Holdings by 71.7% during the 2nd quarter. Wells Fargo & Company MN now owns 2,626,966 shares of the transportation company’s stock valued at $30,210,000 after purchasing an additional 1,097,060 shares in the last quarter.

Hertz Global Holdings Company Profile

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)

Receive News & Ratings for Hertz Global Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hertz Global Holdings Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.