Hertz Global Holdings, Inc (HTZ) Bond Prices Rise 0.8%
An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 0.8% as a percentage of their face value during trading on Thursday. The high-yield issue of debt has a 5.5% coupon and is set to mature on October 15, 2024. The bonds in the issue are now trading at $88.00 and were trading at $90.63 last week. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.
HTZ has been the topic of a number of recent research reports. BidaskClub raised Hertz Global Holdings from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. ValuEngine lowered Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Zacks Investment Research lowered Hertz Global Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th. Barclays PLC lowered Hertz Global Holdings from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $17.34 to $9.00 in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co initiated coverage on Hertz Global Holdings in a research note on Friday, August 4th. They set a “neutral” rating and a $15.00 price target on the stock. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $17.43.
Hertz Global Holdings, Inc (HTZ) traded down $0.84 during trading on Friday, hitting $19.18. The company had a trading volume of 8,163,246 shares, compared to its average volume of 4,290,000. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 22.23. Hertz Global Holdings, Inc has a one year low of $8.52 and a one year high of $29.00.
Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.09. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 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 up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.58 earnings per share. equities analysts predict that Hertz Global Holdings, Inc will post -1.11 earnings per share for the current fiscal year.
In other Hertz Global Holdings news, SVP Robin Kramer sold 3,524 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $21.53, for a total value of $75,871.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.33% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Crow Point Partners LLC acquired a new position in Hertz Global Holdings in the third quarter valued at approximately $112,000. BlueCrest Capital Management Ltd acquired a new position in Hertz Global Holdings in the second quarter valued at approximately $147,000. Suntrust Banks Inc. lifted 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 valued at $150,000 after buying an additional 285 shares during the period. Caxton Associates LP acquired a new position in Hertz Global Holdings in the second quarter valued at approximately $199,000. Finally, Pacer Advisors Inc. lifted its stake in Hertz Global Holdings by 479,950.0% in the third quarter. Pacer Advisors Inc. now owns 9,601 shares of the transportation company’s stock valued at $215,000 after buying an additional 9,599 shares during the period.
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About Hertz Global Holdings
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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