An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds fell 0.6% as a percentage of their face value during trading on Friday. The high-yield issue of debt has a 5.5% coupon and is set to mature on October 15, 2024. The debt is now trading at $83.63 and was trading at $83.45 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

HTZ has been the topic of several research analyst reports. Morgan Stanley cut their target price on Hertz Global Holdings from $15.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, May 12th. MKM Partners reissued a “buy” rating and set a $22.00 target price (down previously from $29.00) on shares of Hertz Global Holdings in a research report on Tuesday, June 6th. Barclays PLC lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $17.34 to $9.00 in a research report on Monday, July 31st. Zacks Investment Research lowered Hertz Global Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, BidaskClub raised Hertz Global Holdings from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 16th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.57.

Hertz Global Holdings, Inc (HTZ) opened at 17.22 on Friday. Hertz Global Holdings, Inc has a 52-week low of $8.52 and a 52-week high of $52.08. The firm’s market cap is $1.44 billion. The firm’s 50-day moving average price is $16.15 and its 200 day moving average price is $15.49.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by $0.51. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.22 billion. Hertz Global Holdings had a negative return on equity of 10.27% and a negative net margin of 8.96%. The firm’s quarterly revenue was down 2.0% compared to the same quarter last year. During the same period last year, the business earned $0.41 earnings per share. On average, equities research analysts forecast that Hertz Global Holdings, Inc will post ($1.63) EPS for the current year.

Large investors have recently added to or reduced their stakes in the stock. Utah Retirement Systems increased its stake in Hertz Global Holdings by 0.8% in the first quarter. Utah Retirement Systems now owns 13,156 shares of the transportation company’s stock worth $231,000 after buying an additional 100 shares during the last quarter. Voya Investment Management LLC increased its stake in Hertz Global Holdings by 1.2% in the second quarter. Voya Investment Management LLC now owns 23,987 shares of the transportation company’s stock worth $276,000 after buying an additional 282 shares during the last quarter. Suntrust Banks Inc. increased its stake in Hertz Global Holdings by 2.2% in the second quarter. Suntrust Banks Inc. now owns 13,107 shares of the transportation company’s stock worth $150,000 after buying an additional 285 shares during the last quarter. Hosking Partners LLP increased its stake in Hertz Global Holdings by 1.7% in the second quarter. Hosking Partners LLP now owns 54,315 shares of the transportation company’s stock worth $625,000 after buying an additional 932 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Hertz Global Holdings by 0.9% in the second quarter. SG Americas Securities LLC now owns 125,433 shares of the transportation company’s stock worth $1,442,000 after buying an additional 1,144 shares during the last quarter.

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Hertz Global Holdings Company Profile

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.

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