Hertz Global Holdings Inc (HTZ) is Downgraded by Credit Suisse to Neutral

Hertz Global Holdings Inc (HTZ) was Downgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Credit Suisse advised their investors in a research report released on Apr 12, 2016.

Many Wall Street Analysts have commented on Hertz Global Holdings Inc. Hertz Global Holdings Inc was Downgraded by Credit Suisse to ” Neutral” on Apr 12, 2016. Shares were Reiterated by MKM Partners on Apr 11, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $17 .Hertz Global Holdings Inc was Initiated by Sterne Agee CRT to “Neutral” on Mar 22, 2016.

On the company’s financial health, Hertz Global Holdings Inc reported $0.49 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Nov 9, 2015. Analyst had a consensus of $0.54. The company had revenue of $2976.00 million for the quarter, compared to analysts expectations of $3070.25 million. The company’s revenue was down -4.6 % compared to the same quarter last year.

Hertz Global Holdings Inc closed down -1.11 points or -11.44% at $8.59 with 2,86,12,072 shares getting traded on Monday. Post opening the session at $8.98, the shares hit an intraday low of $8.54 and an intraday high of $9.3 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Mar 4, 2016, Daniel A Ninivaggi (director) purchased 2,500 shares at $9.89 per share price. According to the SEC, 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.

Hertz Global Holdings Inc

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