Short Term Price Target on Hertz Global Holdings Inc (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.

Hertz Global Holdings, Inc. has dropped 6.66% in the last five trading days, however, the shares have posted positive gains of 11.93% in the last 4 weeks. Hertz Global Holdings, Inc. is up 8.53% in the last 3-month period. Year-to-Date the stock performance stands at -22.21%. Also, In a research note released to the investors, Credit Suisse downgrades its rating on Hertz Global Holdings Inc (NYSE:HTZ).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. In a recent information released to the investors, Credit Suisse lowers the new 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) : 3 brokerage houses believe that Hertz Global Holdings Inc (NYSE:HTZ) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Hertz Global Holdings Inc (NYSE:HTZ). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Hertz Global Holdings Inc (NYSE:HTZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.18 and $10.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.35. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.07, notching a gain of 2.79% for the day. The total traded volume was 11,808,431 . The stock had closed at $10.77 on the previous day.

In an insider trading activity, 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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