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Hertz Global Holdings, Inc (HTZ) Price Target Cut to $12.00

20 May 2017

The share price of Hertz Global Holdings, Inc (NYSE:HTZ) was down -8.67% during the last trading session, with a day high of 10.72. The debt issue has a 5.875% coupon and is set to mature on October 15, 2020.

10/24/2016 - Goldman Sachs began new coverage on Hertz Global Holdings, Inc giving the company a "sell" rating. (NYSE:DYN) capture in noticeable indication for EPS growth for next year.Thefirms have -546.50% and 75.70% earnings per share growth for this year. Barclays PLC set a $9.00 price objective on shares of Hertz Global Holdings and gave the stock a "hold" rating in a research note on Sunday, May 14th. Over the a year ago Company's shares have been trading in the range of $10.15 and $53.14.

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Insider Trades for Hertz Global Holdings, Inc. show that the latest trade was made on 15 Mar 2017 where Brasier Barbara L, the Chief Financial Officer completed a transaction type "Buy" in which 4345 shares were traded at a price of $0. Zacks Investment Research raised Hertz Global Holdings from a "sell" rating to a "hold" rating in a research report on Wednesday, April 19th. Hertz Global Holdings now has a consensus rating of "Hold" and a consensus price target of $31.63. Gideon Capital Advisors Inc. acquired a new position in shares of Hertz Global Holdings during the fourth quarter valued at about $384,000. The recent change has given its price a -0.85% deficit over SMA 50 and -13.83% deficit over its 52-week high. (HTZ) has a market capitalization of 955 Million while its Major Index membership is at 0.

According to analysts Hertz Global Holdings Inc (NYSE:HTZ)'s minimum EPS for the current quarter is at $-0.38 and can go high up to $0.45. The company has a 50 day moving average price of $14.87 and a 200-day moving average price of $20.94. However the company reported $0.41 earnings per share for the same quarter during previous year. The company announced actual earnings per share of $-2.69 against the consensus Street estimate of $-0.84. The company had revenue of $1.92 billion during the quarter, compared to analysts' expectations of $1.94 billion. The business's revenue for the quarter was down 3.4% on a year-over-year basis.

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Brokerage houses, on average, are recommending investors to hold Hertz Global Holdings, Inc.

Several hedge funds have recently modified their holdings of the stock. Finally, Gabelli Funds LLC boosted its position in Hertz Global Holdings by 18.4% in the first quarter. During the same period in the prior year, the firm earned ($0.79) earnings per share.

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8 analysts on average are expecting the company to report revenue of $887.03 Million for the current quarter. Gamco Investors INC. ET AL now owns 3,386,104 shares of the transportation company's stock valued at $59,392,000 after buying an additional 1,127,957 shares during the last quarter. Finally, Gamco Investors INC. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Hertz Global Holdings by 146.0% in the first quarter. Over the past 2 quarters, the stock is down -64.64%, compared with a fall of almost -56.14% for 3 months and about -37.74% for the past 30 days. If you are viewing this news story on another domain, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. The original version of this report can be accessed at 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.