Hertz Global (HTZ) Trading 9% Higher

Hertz Global Holdings, Inc (NYSE:HTZ)’s share price traded up 9% during trading on Monday . The stock traded as high as $17.22 and last traded at $17.09. 3,712,246 shares traded hands during trading, an increase of 64% from the average session volume of 2,269,966 shares. The stock had previously closed at $15.68.

Several equities analysts recently commented on the company. Morgan Stanley set a $15.00 target price on Hertz Global and gave the stock a “sell” rating in a research report on Thursday, December 20th. ValuEngine downgraded Hertz Global from a “buy” rating to a “hold” rating in a research report on Tuesday, December 11th. JPMorgan Chase & Co. raised their target price on Hertz Global from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 14th. Deutsche Bank set a $18.00 target price on Hertz Global and gave the stock a “hold” rating in a research report on Saturday, November 10th. Finally, Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Monday, October 29th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.00.

The firm has a market cap of $1.32 billion, a price-to-earnings ratio of -10.75 and a beta of 1.89. The company has a debt-to-equity ratio of 13.98, a current ratio of 1.53 and a quick ratio of 1.53.

Hertz Global (NYSE:HTZ) last released its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.36. Hertz Global had a negative return on equity of 2.50% and a net margin of 5.29%. The firm had revenue of $2.76 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the firm posted $1.42 EPS. The business’s revenue was up 7.2% on a year-over-year basis. As a group, equities research analysts predict that Hertz Global Holdings, Inc will post -0.43 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in HTZ. Oppenheimer Asset Management Inc. acquired a new stake in Hertz Global during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC increased its stake in shares of Hertz Global by 3,114.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 9,805 shares of the transportation company’s stock valued at $134,000 after buying an additional 9,500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Hertz Global by 121.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,626 shares of the transportation company’s stock valued at $159,000 after buying an additional 6,367 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Hertz Global in the 4th quarter valued at $268,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Hertz Global in the 4th quarter valued at $273,000.

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About Hertz Global (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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