Published: Sat, May 20, 2017
Markets | By Noel Gibbs

Hertz Global Holdings, Inc (HTZ) Bonds Rise 0.8% During Trading


Hertz Global Holdings, Inc. closed its last trading session at $9.9 with the loss of -5.76%. The debt is now trading at $92.25 and was trading at $89.81 one week ago.

A number of brokerages have recently commented on HTZ. Credit Suisse Group AG cut Hertz Global Holdings from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $27.00 to $15.00 in a research note on Friday, February 17th. Analysts reported that the Price Target for Hertz Global Holdings, Inc. might touch $38 high while the Average Price Target and Low price Target is $21.44 and $15 respectively.

Zacks offers analysts with an Average Broker Rating (or ABR), basing it on sell-side recommendations. Hertz Global Holdings now has a consensus rating of "Hold" and a consensus target price of $31.63.

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In the latest week Hertz Global Holdings, Inc. The stock's market cap is $907.43 million. The share last price represents downtick move of -79.60% in value from company's 52-Week high price and shows 6.80% above change in value from its 52-Week low price. A simple moving average (SMA) is an mathematical moving average calculated by adding the closing price of the security for a number of time periods and then dividing this total by the number of time periods. Zacks Investment Research raised shares of Hertz Global Holdings from a "sell" rating to a "hold" rating in a report on Wednesday, April 19th. (HTZ) is $20.25/share according to the consensus of analysts working on the stock, with an expected EPS of $0.03/share for the current quarter. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Revenue for the quarter also did not kill consensus, coming in at $389.4M, compared to the consensus of 787.38M. Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock valued at $117,000 after buying an additional 3,236 shares during the last quarter. Its share price has grown 12.56% in three months and is up 0.44% for the last five trades.

Several institutional investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Hertz Global Holdings by 292.0% in the fourth quarter.

Hertz Global Holdings Inc has with a one year low of $28.66 and a one year high of $531.30 and has a market capitalization of $0.

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Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company.

8 analysts on average are expecting the company to report revenue of $887.03 Million for the current quarter. Dimensional Fund Advisors LP now owns 2,351,144 shares of the transportation company's stock worth $41,239,000 after buying an additional 1,215,045 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Hertz Global Holdings by 8.1% in the fourth quarter.

ILLEGAL ACTIVITY WARNING: This report was first reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & worldwide trademark & copyright laws. For Hertz Global Holdings, Inc. As of December 31, 2016, the Company operated its vehicle rental business globally through the Hertz, Dollar and Thrifty brands from approximately 9,700 corporate and franchisee locations.

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