Credit Suisse Downgrades Hertz Global Holdings Inc to Neutral with Price Target $12.00

Brokerage firm Credit Suisse Downgrades its rating on Hertz Global Holdings Inc(NYSE:HTZ). In a research note issued to the investors, the brokerage major Lowers the price-target to $12.00 per share. The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, Sterne Agee CRT said it Initiates Coverage on Hertz Global Holdings Inc, according to a research note issued on Mar 22, 2016. The shares have been rated ‘Neutral’ by the firm. On Mar 11, 2016, Morgan Stanley said it Upgrades its rating on Hertz Global Holdings Inc. The shares have been rated ‘Overweight’ by the firm. On Mar 3, 2016, JP Morgan said it Maintains its rating on Hertz Global Holdings Inc. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 2, 2016, Credit Suisse said it Maintains its rating on Hertz Global Holdings Inc. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Outperform’ by the firm. On Feb 22, 2016, Deutsche Bank said it Maintains its rating on Hertz Global Holdings Inc. In the research note, the firm Lowers the price-target to $26.00 per share. The shares have been rated ‘Buy’ by the firm.

Hertz Global Holdings Inc (HTZ) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -1.92% at a volume of 57,92,467. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.98. The peak price level was also seen at $8.98 while the days lowest was $8.68. Finally the shares closed at $8.7. The 52-week high of the shares is $22.63 while the 52-week low is $6.945. According to the latest information available, the market cap of the company is $3,688 M.

Hertz Global Holdings Inc(HTZ) last announced its earnings results on Feb 29, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $2.41B. Analysts had an estimated revenue of $2.52B. Earnings per share were $0.05. Analysts had estimated an EPS of $0.04.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, Daniel A Ninivaggi (director) purchased 2,500 shares at $9.89 per share price.Also, On Mar 2, 2016, Michel Taride (Group President RAC Internatio) sold 164,080 shares at $14.30 per share price.On Aug 17, 2015, John P Tague (CEO) purchased 50,000 shares at $18.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Hertz Global Holdings Inc. is a holding company. The Company operates car rental business through its Hertz Dollar Thrifty and Firefly brands. The Company’s operating segments are U.S. Car Rental International Car Rental Worldwide Equipment Rental and All Other Operations. As of December 31 2014 the Company operated 10880 corporate and franchisee locations in North America Europe Latin and South America Asia Australia Africa the Middle East and New Zealand. Its brands maintain separate airport counters reservations and reservation systems marketing and all other customer contact activities. Its Hertz brand has approximately 9395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.

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