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Hertz Global Holdings, Inc (NYSE:HTZ) Bond Prices Rise 1.5%

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18 July, 2017

Hertz Global Holdings Inc (NYSE:HTZ) now has a trailing P/E of -1.91 while its forward P/E according to Thomson Reuters is 17.49. It operates primarily in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand.

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

Several other research analysts have also recently weighed in on the stock. Finally, Morgan Stanley cut their price objective on shares of Hertz Global Holdings from $15.00 to $12.00 and set an equal weight rating on the stock in a report on Friday, May 12th. MKM Partners restated a "buy" rating and issued a $22.00 target price on shares of Hertz Global Holdings in a report on Wednesday, June 28th. Russell Investments Group Ltd.'s holdings in Hertz Global Holdings were worth $305,000 as of its most recent SEC filing. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Finally, Deutsche Bank AG reissued a "hold" rating and issued a $16.00 target price on shares of Hertz Global Holdings in a research note on Tuesday, May 9th.

10,535K shares changed hands in the last trading session. The company has a market cap of $1.26 Billion.

The Target Price for Hertz Global Holdings Inc (NYSE:HTZ) is $17/share according to the consensus analysis of analysts working on the stock. The stock closing price is now trading upward to its 50 day moving average with change of 41.04%, escalated to its 20 day moving average with figure of 39.86% and behind its 200 day moving average with value -26.60%.

Want to see what other hedge funds are holding HTZ? Traders bought 6,873 put options on the company. The typical day in the last two weeks has seen about a 1.59% volatility.

Hertz Global Holdings (NYSE:HTZ) last posted its quarterly earnings results on Monday, May 8th.

So the company lags the analysts estimate by $-0.7/share showing a surprise of -76.9%. Hertz Global Holdings's revenue for the quarter was down 3.4% compared to the same quarter a year ago. During the same period in the prior year, the firm posted ($0.79) earnings per share.

While considering growth estimates of the company, it has next quarter growth estimates of 2.5% whereas during current quarter it has -122% estimations over growth, comparing to the estimations of -216.3% during current year and 252.6% for next year.

Currently Hertz Global Holdings Inc (NYSE:HTZ)'s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 0%.

ILLEGAL ACTIVITY WARNING: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another website, it was stolen and reposted in violation of USA and global copyright and trademark legislation.

In Services sector, shares of Hertz Global Holdings, Inc. Creative Planning now owns 123,163 shares of the transportation company's stock valued at $1,416,000 after buying an additional 112,262 shares during the period. Net profit margin of Hertz Global Holdings, Inc. Suntrust Banks Inc. now owns 12,822 shares of the transportation company's stock worth $224,000 after buying an additional 434 shares during the last quarter. Nisa Investment Advisors LLC purchased a new position in Hertz Global Holdings during the first quarter valued at approximately $174,000. Merriman Wealth Management LLC boosted its position in shares of Hertz Global Holdings by 18.8% in the first quarter. Its book value per share for the most recent quarter is $11.06 while its price to book ratio for the same period is 1.38, as for as the company's cash per share for the most recent quarter is $9.47, however its price to cash per share ratio for the same period is 1.61.

Herc Holdings Inc., launched on July 15, 2005, is an equipment rental supplier.


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