Hertz Global (NYSE:HTZ) has been given a $18.00 price objective by equities researchers at Deutsche Bank in a research note issued to investors on Saturday. The brokerage presently has a “hold” rating on the transportation company’s stock. Deutsche Bank’s price target indicates a potential downside of 7.26% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. Goldman Sachs Group set a $13.00 price target on Hertz Global and gave the stock a “sell” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Hertz Global from a “hold” rating to a “buy” rating in a research report on Sunday, August 5th. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, October 4th. TheStreet upgraded Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. Finally, Barclays increased their price target on Hertz Global from $11.00 to $13.00 and gave the stock an “underweight” rating in a research report on Wednesday, August 22nd. Three analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.80.

NYSE:HTZ opened at $19.41 on Friday. The company has a debt-to-equity ratio of 16.24, a quick ratio of 1.16 and a current ratio of 1.16. Hertz Global has a 52 week low of $13.01 and a 52 week high of $25.14. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -12.21 and a beta of 0.89.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 8th. The transportation company reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.36. The business had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Hertz Global had a negative return on equity of 2.50% and a net margin of 5.29%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. On average, research analysts forecast that Hertz Global will post -0.9 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Peregrine Capital Management LLC increased its position in Hertz Global by 11.2% in the 2nd quarter. Peregrine Capital Management LLC now owns 476,840 shares of the transportation company’s stock valued at $7,315,000 after acquiring an additional 47,960 shares during the period. Bank of Montreal Can increased its position in Hertz Global by 1,035.8% in the 2nd quarter. Bank of Montreal Can now owns 16,572 shares of the transportation company’s stock valued at $255,000 after acquiring an additional 15,113 shares during the period. Naples Global Advisors LLC acquired a new stake in Hertz Global in the 2nd quarter valued at approximately $230,000. Congress Asset Management Co. MA increased its position in Hertz Global by 94.4% in the 2nd quarter. Congress Asset Management Co. MA now owns 180,423 shares of the transportation company’s stock valued at $2,768,000 after acquiring an additional 87,630 shares during the period. Finally, BNP Paribas Arbitrage SA increased its position in Hertz Global by 49.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 134,577 shares of the transportation company’s stock valued at $2,064,000 after acquiring an additional 44,508 shares during the period.

Hertz Global Company Profile

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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