Macquarie upgraded shares of Hertz Global (NYSE:HTZ) from a neutral rating to an outperform rating in a report published on Thursday, MarketBeat.com reports.

Other equities analysts have also issued reports about the stock. Morgan Stanley lowered their target price on shares of Hertz Global from $14.00 to $13.00 and set an underweight rating on the stock in a research report on Wednesday, November 15th. Northcoast Research restated a neutral rating on shares of Hertz Global in a research report on Monday, November 13th. Zacks Investment Research lowered shares of Hertz Global from a hold rating to a sell rating in a research report on Wednesday, January 3rd. ValuEngine lowered shares of Hertz Global from a sell rating to a strong sell rating in a research report on Sunday, December 31st. Finally, Deutsche Bank reiterated a hold rating and issued a $18.00 price objective (up from $14.00) on shares of Hertz Global in a research report on Friday, October 6th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Hertz Global currently has a consensus rating of Hold and a consensus price target of $17.29.

Hertz Global (NYSE HTZ) opened at $23.92 on Thursday. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. The stock has a market cap of $2,002.63, a P/E ratio of -2.73 and a beta of -0.74. Hertz Global has a 1 year low of $8.52 and a 1 year high of $27.27.

Hertz Global (NYSE:HTZ) last announced its earnings results on Thursday, November 9th. The transportation company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.09. The business had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $1.58 earnings per share. research analysts predict that Hertz Global will post -1.39 EPS for the current year.

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp purchased a new position in Hertz Global in the 3rd quarter valued at $469,000. Parametric Portfolio Associates LLC grew its position in Hertz Global by 89.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 548,782 shares of the transportation company’s stock valued at $6,311,000 after buying an additional 259,037 shares during the last quarter. Ameriprise Financial Inc. grew its position in Hertz Global by 3,974.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,270,677 shares of the transportation company’s stock valued at $28,414,000 after buying an additional 1,239,488 shares during the last quarter. Legal & General Group Plc grew its position in Hertz Global by 11.7% in the 3rd quarter. Legal & General Group Plc now owns 455,621 shares of the transportation company’s stock valued at $10,570,000 after buying an additional 47,644 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in Hertz Global by 179.0% in the 2nd quarter. Alliancebernstein L.P. now owns 82,201 shares of the transportation company’s stock valued at $945,000 after buying an additional 52,734 shares during the last quarter.

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About Hertz Global

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.

Analyst Recommendations for Hertz Global (NYSE:HTZ)

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