Hertz Global Holdings, Inc (HTZ) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) have received a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $16.00.

Several research analysts recently weighed in on the company. Zacks Investment Research downgraded Hertz Global from a “buy” rating to a “hold” rating in a research note on Tuesday, October 23rd. JPMorgan Chase & Co. boosted their target price on Hertz Global from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 14th. ValuEngine upgraded Hertz Global from a “hold” rating to a “buy” rating in a research note on Saturday, November 10th. Morgan Stanley set a $15.00 target price on Hertz Global and gave the stock a “sell” rating in a research note on Thursday, December 20th. Finally, Deutsche Bank set a $18.00 target price on Hertz Global and gave the stock a “hold” rating in a research note on Saturday, November 10th.

A number of hedge funds have recently made changes to their positions in HTZ. JPMorgan Chase & Co. lifted its position in Hertz Global by 40.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,319 shares of the transportation company’s stock worth $315,000 after acquiring an additional 5,573 shares during the period. MetLife Investment Advisors LLC lifted its position in Hertz Global by 54.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 41,443 shares of the transportation company’s stock worth $677,000 after acquiring an additional 14,629 shares during the period. Commonwealth Bank of Australia lifted its position in Hertz Global by 88.7% during the 3rd quarter. Commonwealth Bank of Australia now owns 187,047 shares of the transportation company’s stock worth $3,049,000 after acquiring an additional 87,900 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Hertz Global during the 3rd quarter worth about $1,060,000. Finally, First Trust Advisors LP lifted its position in Hertz Global by 58.0% during the 3rd quarter. First Trust Advisors LP now owns 192,556 shares of the transportation company’s stock worth $3,144,000 after acquiring an additional 70,683 shares during the period.

Shares of NYSE:HTZ opened at $17.09 on Tuesday. Hertz Global has a 12-month low of $13.01 and a 12-month high of $22.70. The firm has a market capitalization of $1.32 billion, a PE ratio of -10.75 and a beta of 1.89. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 13.98.

About Hertz Global

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc, operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand.

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Analyst Recommendations for Hertz Global (NYSE:HTZ)

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