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WMS Partners LLC Acquires New Position in Hertz Global Holdings, Inc (HTZ)

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11 June, 2017

The share price of the company (NYSE:HTZ) was down -2.97%, with a high of 9.25 during the day and the volume of Hertz Global Holdings, Inc shares traded was 8384822. They now have a Dollars 13 price target on the stock.

Several other large investors also recently modified their holdings of the stock. Finally, Two Sigma Investments LP bought a new position in Hertz Global Holdings during the fourth quarter valued at $27,545,000. Hertz Global Holdings presently has a consensus rating of "Hold" and a consensus target price of $30.76.

10/23/2015 - Hertz Global Holdings, Inc was downgraded to "sell" by analysts at TheStreet. Tightening the gaze, stock performance for the last 5 trading days is -12.60%.

01/27/2015 - Hertz Global Holdings, Inc was upgraded to " by analysts at Zacks. Now Calpine Corporation $14.64 target price is just $5.36 shy of the official lowest sell-side analyst price target on Wall Street. Hedge funds and other institutional investors own 91.26% of the company's stock.

Hertz Global Holdings, Inc. on 05/08/2017 reported its EPS as $0.41 with the analysts projecting the EPS of the stock as $0.31. The company has a market cap of $4.63B and its 12 month revenue was nearly $7.38B. (HPQ) now has a value of $18.26 while the company's 52 week low is at $11.48, the shares dropped to the 52 week low on 06/27/16. Price targets reflect what the analyst believes a stock will be worth four quarters into the future.

Hertz Global Holdings (NYSE:HTZ) last announced its earnings results on Monday, May 8th. While the company's share hit the 52 week high on 05/25/17 stationing the value of $19.58. During current year the company's forecasts over growth are -202% while for the next year analysts' growth estimation is 284%. During the same period in the prior year, the business earned ($0.79) EPS. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 2.29 on scale of 1-5.

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HTZ has been the topic of a number of research analyst reports. MKM Partners reissued a "buy" rating and issued a $29.00 target price (down from $33.00) on shares of Hertz Global Holdings in a report on Sunday, March 19th. Deutsche Bank AG restated a "hold" rating and set a $24.00 price target on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Barclays PLC restated an "equal weight" rating and set a $23.00 price target (down from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th.

Going from the most bullish analyst price target to below consensus is one thing.

Shares of Hertz Global Holdings Inc (NYSE:HTZ) now have an Average Brokerage Recommendation of 3, number of Recs in ABR is 4 while industry rank of the company by ABR is 163 out of 265. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. The stock now has an average rating of "Hold" and an average target price of $30.76.

02/17/2017 - Hertz Global Holdings, Inc was downgraded to "underperform" by analysts at Credit Suisse.


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