Hertz Global (NYSE:HTZ) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Sunday.

Several other equities analysts have also commented on the stock. Morgan Stanley decreased their price objective on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Wednesday, November 15th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research report on Monday, November 13th. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Tuesday, October 17th. Deutsche Bank reaffirmed a “hold” rating and issued a $18.00 price objective (up from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Finally, Goldman Sachs Group reiterated a “sell” rating on shares of Hertz Global in a report on Thursday, September 7th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.29.

Hertz Global (NYSE:HTZ) opened at $22.10 on Friday. The company has a market cap of $1,850.00 and a P/E ratio of -2.54. The company has a debt-to-equity ratio of 18.38, a current ratio of 1.77 and a quick ratio of 1.77. Hertz Global has a 1 year low of $8.52 and a 1 year high of $27.27.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. Hertz Global’s revenue was up 1.2% on a year-over-year basis. During the same period last year, the firm posted $1.58 EPS. research analysts anticipate that Hertz Global will post -1.39 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Voya Investment Management LLC increased its holdings in Hertz Global by 1.2% in the 2nd quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock worth $276,000 after buying an additional 282 shares during the period. Suntrust Banks Inc. increased its holdings in Hertz Global by 2.2% in the 2nd quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the period. Hosking Partners LLP increased its holdings in Hertz Global by 1.7% in the 2nd quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after buying an additional 932 shares during the period. Rhumbline Advisers increased its holdings in Hertz Global by 3.2% in the 3rd quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock worth $1,628,000 after buying an additional 2,282 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in Hertz Global by 2.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 105,800 shares of the transportation company’s stock worth $2,366,000 after buying an additional 2,592 shares during the period.

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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.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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