An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 0.8% against their face value during trading on Thursday. The debt issue has a 5.5% coupon and is set to mature on October 15, 2024. The debt is now trading at $88.00 and was trading at $90.63 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.
Several equities analysts have commented on the company. Zacks Investment Research raised Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Deutsche Bank AG reissued a “hold” rating and set a $18.00 price objective (up previously from $14.00) on shares of Hertz Global Holdings in a research report on Friday, October 6th. Morgan Stanley lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and raised their price objective for the company from $12.00 to $14.00 in a research report on Thursday, September 14th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Hertz Global Holdings in a research report on Thursday, September 7th. Finally, ValuEngine raised Hertz Global Holdings from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $17.43.
Hertz Global Holdings, Inc (NYSE:HTZ) traded down $0.45 on Friday, hitting $19.56. The stock had a trading volume of 20,201,400 shares, compared to its average volume of 6,236,420. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 22.23. Hertz Global Holdings, Inc has a 12-month low of $8.52 and a 12-month high of $28.96.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping the 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 Holdings had a negative return on equity of 13.86% and a negative net margin of 8.35%. Hertz Global Holdings’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.58 EPS. sell-side analysts forecast that Hertz Global Holdings, Inc will post -1.11 earnings per share for the current fiscal year.
In other news, SVP Robin Kramer sold 3,524 shares of Hertz Global Holdings stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of HTZ. Crow Point Partners LLC purchased a new position in shares of Hertz Global Holdings in the 3rd quarter worth about $112,000. BlueCrest Capital Management Ltd purchased a new position in shares of Hertz Global Holdings in the 2nd quarter worth about $147,000. Suntrust Banks Inc. raised its position in shares of Hertz Global Holdings 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 purchasing an additional 285 shares during the last quarter. Caxton Associates LP purchased a new position in shares of Hertz Global Holdings in the 2nd quarter worth about $199,000. Finally, Pacer Advisors Inc. raised its position in shares of Hertz Global Holdings by 479,950.0% in the 3rd quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock worth $215,000 after purchasing an additional 9,599 shares during the last quarter.
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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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