Hertz Global (NYSE:HTZ) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research lowered Hertz Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Macquarie upgraded Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday, January 18th. Morgan Stanley cut their price target on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a report on Wednesday, November 15th. Goldman Sachs Group cut their price target on Hertz Global from $15.00 to $13.00 and set a “sell” rating for the company in a report on Thursday, February 15th. Finally, Northcoast Research reiterated a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.
Shares of Hertz Global (NYSE HTZ) opened at $18.19 on Thursday. The stock has a market capitalization of $1,610.00 and a P/E ratio of -2.09. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global has a 12-month low of $8.52 and a 12-month high of $27.27.
Several hedge funds have recently modified their holdings of the company. Gamco Investors INC. ET AL lifted its holdings in shares of Hertz Global by 7.3% during the third quarter. Gamco Investors INC. ET AL now owns 5,245,864 shares of the transportation company’s stock worth $117,298,000 after buying an additional 358,161 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Hertz Global by 6.0% during the second quarter. Vanguard Group Inc. now owns 4,810,744 shares of the transportation company’s stock worth $55,325,000 after buying an additional 272,574 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hertz Global by 3.8% in the fourth quarter. BlackRock Inc. now owns 4,357,336 shares of the transportation company’s stock valued at $96,297,000 after purchasing an additional 157,534 shares in the last quarter. Lyrical Asset Management LP raised its stake in shares of Hertz Global by 9.3% in the fourth quarter. Lyrical Asset Management LP now owns 3,339,871 shares of the transportation company’s stock valued at $73,811,000 after purchasing an additional 285,372 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Hertz Global by 43.0% in the second quarter. State Street Corp now owns 2,044,213 shares of the transportation company’s stock valued at $23,510,000 after purchasing an additional 614,357 shares in the last quarter.
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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.
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