Hertz Global (HTZ) Rating Increased to Outperform at Macquarie

Hertz Global (NYSE:HTZ) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research note issued on Thursday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Hertz Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Deutsche Bank reaffirmed a “hold” rating and set a $18.00 price target (up from $14.00) on shares of Hertz Global in a research note on Friday, October 6th. Finally, Morgan Stanley decreased their price target on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $17.29.

Shares of Hertz Global (NYSE HTZ) traded up $1.49 during mid-day trading on Thursday, reaching $23.92. 5,814,642 shares of the company’s stock traded hands, compared to its average volume of 2,750,000. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38. The firm has a market cap of $1,880.00 and a P/E ratio of -2.75. Hertz Global has a 52-week low of $8.52 and a 52-week high of $27.27.

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

Several large investors have recently added to or reduced their stakes in the stock. Voya Investment Management LLC grew its stake in shares of Hertz Global by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock valued at $276,000 after buying an additional 282 shares in the last quarter. Suntrust Banks Inc. grew its stake in shares of Hertz Global by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock valued at $150,000 after buying an additional 285 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Hertz Global by 3.2% in the third quarter. Rhumbline Advisers now owns 72,828 shares of the transportation company’s stock valued at $1,628,000 after buying an additional 2,282 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Hertz Global by 2.5% in the third quarter. Canada Pension Plan Investment Board now owns 105,800 shares of the transportation company’s stock valued at $2,366,000 after buying an additional 2,592 shares in the last quarter. Finally, American International Group Inc. grew its stake in shares of Hertz Global by 8.1% in the third quarter. American International Group Inc. now owns 36,695 shares of the transportation company’s stock valued at $821,000 after buying an additional 2,743 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.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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