Brokerage Firm Rating Update on Hertz Global Holdings Inc (HTZ)

Hertz Global Holdings Inc (HTZ) : 4 analysts are covering Hertz Global Holdings Inc (HTZ) and their average rating on the stock is 1.75, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Hertz Global Holdings Inc (HTZ) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Hertz Global Holdings Inc (HTZ) : 2 Wall Street analysts covering Hertz Global Holdings Inc (HTZ) believe that the average level the stock could reach for the short term is $61.5. The maximum price target given is $63 and the minimum target for short term is around $60, hence the standard deviation is calculated at $2.12.


For the current week, the company shares have a recommendation consensus of Buy. Also, Macquarie initiates coverage on Hertz Global Holdings Inc (NYSE:HTZ). Macquarie has a Neutral rating on the shares. As per the latest report, the brokerage house announces the price target to $56 per share. The rating by the firm was issued on August 25, 2016.

Hertz Global Holdings Inc (NYSE:HTZ): The stock opened at $49.68 and touched an intraday high of $51.28 on Wednesday. During the day, the stock corrected to an intraday low of $49.251, however, the bulls stepped in and pushed the price higher to close in the green at $50.54 with a gain of 2.00% for the day. The total traded volume for the day was 789,083. The stock had closed at $49.55 in the previous trading session.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.