Hertz Global Holdings, Inc (NYSE:HTZ) shares traded down 8.3% during mid-day trading on Wednesday . The company traded as low as $15.03 and last traded at $15.07. 3,434,212 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 2,631,581 shares. The stock had previously closed at $16.44.
A number of research analysts have issued reports on the company. Morgan Stanley set a $15.00 price objective on Hertz Global and gave the company a “sell” rating in a research note on Thursday, December 20th. Goldman Sachs Group set a $13.00 price target on Hertz Global and gave the stock a “sell” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, October 29th. ValuEngine downgraded Hertz Global from a “buy” rating to a “hold” rating in a research note on Tuesday, December 11th. Finally, JPMorgan Chase & Co. increased their price target on Hertz Global from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 14th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.00.
The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 13.98. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -9.48 and a beta of 1.64.
A number of institutional investors and hedge funds have recently modified their holdings of HTZ. Russell Investments Group Ltd. purchased a new stake in Hertz Global during the 2nd quarter worth about $153,000. Cubist Systematic Strategies LLC purchased a new stake in Hertz Global during the 2nd quarter worth about $295,000. Northern Trust Corp lifted its holdings in Hertz Global by 6.3% during the 2nd quarter. Northern Trust Corp now owns 845,568 shares of the transportation company’s stock worth $12,971,000 after purchasing an additional 50,018 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Hertz Global by 58.0% in the 3rd quarter. First Trust Advisors LP now owns 192,556 shares of the transportation company’s stock valued at $3,144,000 after acquiring an additional 70,683 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its holdings in shares of Hertz Global by 61.5% in the 3rd quarter. Congress Asset Management Co. MA now owns 291,443 shares of the transportation company’s stock valued at $4,759,000 after acquiring an additional 111,020 shares in the last quarter.
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Hertz Global Company Profile (NYSE:HTZ)
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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