Hertz Global Holdings Inc (HTZ) is Resumed by Barclays to Equal Weight, Price Target at $52

Hertz Global Holdings Inc (HTZ) was Resumed by Barclays to “Equal Weight” and the brokerage firm has set the Price Target at $52. Barclays advised their investors in a research report released on Sep 27, 2016.

Many Wall Street Analysts have commented on Hertz Global Holdings Inc. Macquarie Initiated Hertz Global Holdings Inc on Aug 26, 2016 to “Neutral”, Price Target of the shares are set at $56.Shares were Reiterated by Deutsche Bank on Aug 10, 2016 to “Buy” and Lowered the Price Target to $ 63 from a previous price target of $76 .Company shares were Reiterated by MKM Partners on Jul 1, 2016 to “Buy”, Firm has raised the Price Target to $ 68 from a previous price target of $16 .

On the company’s financial health, Hertz Global Holdings Inc reported $0.41 EPS for the quarter, missing the analyst consensus estimate by $ -0.12 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.53. The company had revenue of $2270.00 million for the quarter, compared to analysts expectations of $2273.72 million. The company’s revenue was down -2.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.80 EPS.

Hertz Global Holdings Inc closed down -4.63 points or -10.03% at $41.55 with 32,06,285 shares getting traded on Tuesday. Post opening the session at $45.64, the shares hit an intraday low of $41.23 and an intraday high of $46 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 19, 2016, Michael J Durham (director) sold 125 shares at $47.27 per share price. According to the SEC, on Jun 3, 2016, Tyler Best (Exec VP and CIO) purchased 45,000 shares at $10.02 per share price. On Jun 3, 2016, Alexandria Panot Marren (EVP, N.American Car Rental Ops) purchased 10,000 shares at $9.90 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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