Price Target Update on Hertz Global Holdings Inc (NYSE:HTZ)

Hertz Global Holdings Inc (NYSE:HTZ) : 7 Wall Street analysts covering Hertz Global Holdings Inc (NYSE:HTZ) believe that the average level the stock could reach for the short term is $16.14. The maximum price target given is $23 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.93.

Other Equity analysts have also commented on the company shares. Equity analysts at the Brokerage firm Credit Suisse downgrades its rating on Hertz Global Holdings Inc (NYSE:HTZ). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The Analysts at Credit Suisse lowers the price target from $15 per share to $12 per share. The rating by the firm was issued on April 12, 2016.

Hertz Global Holdings Inc (NYSE:HTZ): stock turned positive on Thursday. Though the stock opened at $11.5, the bulls momentum made the stock top out at $11.88 level for the day. The stock recorded a low of $11.4 and closed the trading day at $11.86, in the green by 4.59%. The total traded volume for the day was 8,816,337. The stock had closed at $11.34 in the previous days trading.

The company shares have dropped -40.72% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $20.50 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $9.61 and the 200 Day Moving Average price is recorded at $10.24. On the companys insider trading activities, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Exec VP and CIO) of Hertz Global Holdings Inc, Best Tyler had purchased shares worth of $450,900 in a transaction dated on June 2, 2016. A total of 45,000 shares were purchased at a price of $10.02 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Hertz Global Holdings, Inc. is a holding company. The Company operates car rental business through its Hertz, Dollar, Thrifty and Firefly brands. The Companys 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 10,880 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 9,395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1,380 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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