Hertz Global Holdings, Inc (NYSE:HTZ) shares fell 5.4% on Wednesday . The company traded as low as $15.10 and last traded at $15.10. 3,150,599 shares were traded during trading, a decline of 10% from the average session volume of 3,487,406 shares. The stock had previously closed at $15.97.

A number of research firms have weighed in on HTZ. Zacks Investment Research raised shares of Hertz Global from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Thursday, October 4th. ValuEngine lowered shares of Hertz Global from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. TheStreet raised shares of Hertz Global from a “d” rating to a “c-” rating in a research report on Friday, August 24th. Barclays upped their price objective on shares of Hertz Global from $11.00 to $13.00 and gave the company an “underweight” rating in a research report on Wednesday, August 22nd. Finally, Morgan Stanley upped their price objective on shares of Hertz Global from $13.00 to $15.00 and gave the company an “underweight” rating in a research report on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $15.00.

The stock has a market cap of $1.37 billion, a P/E ratio of -9.86 and a beta of 0.43. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 16.24.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Monday, August 6th. The transportation company reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.06. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.31 billion. Hertz Global had a net margin of 4.87% and a negative return on equity of 8.10%. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.63) earnings per share. Equities research analysts predict that Hertz Global Holdings, Inc will post -0.92 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in HTZ. Financial Architects Inc raised its position in shares of Hertz Global by 63.9% during the second quarter. Financial Architects Inc now owns 8,977 shares of the transportation company’s stock valued at $138,000 after buying an additional 3,500 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Hertz Global during the second quarter valued at about $153,000. Sei Investments Co. raised its position in shares of Hertz Global by 59.3% during the first quarter. Sei Investments Co. now owns 8,980 shares of the transportation company’s stock valued at $178,000 after buying an additional 3,343 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Hertz Global in the second quarter valued at about $199,000. Finally, Naples Global Advisors LLC bought a new stake in Hertz Global in the second quarter valued at about $230,000.

About Hertz Global (NYSE:HTZ)

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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