Gabelli Funds LLC Reduces Position in Hertz Global Holdings, Inc (HTZ)

Analysts have a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range). Formula Growth Ltd. now owns 1,627,293 shares of the transportation company's stock worth $18,714,000 after acquiring an additional 1,377,293 shares during the last quarter. Northcoast Research reaffirmed a "neutral" rating on shares of Hertz Global Holdings in a research note on Monday, November 13th. Hertz Global Holdings has a consensus rating of "Hold" and an average price target of $33.38. Zacks Investment Research raised Hertz Global Holdings from a "strong sell" rating to a "hold" rating in a research report on Wednesday, October 11th. On August 10 MKM Partners made no change to the company rating of "Buy" targeting a price of $22.00. Finally, J P Morgan Chase & Co assumed coverage on Hertz Global Holdings in a report on Friday, August 4th. Finally, Pacer Advisors Inc. grew its stake in Hertz Global Holdings by 479,950.0% during the third quarter. The stock is now moving below its 20-Day Simple Moving Average of -14.88% with a 50-Day Simple Moving Average of -19.92 percent. (NYSE:HTZ) by 7.33% during the September 2017 quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

A number of analysts recently commented on HTZ shares. The institutional investor owned 1,384,500 shares of the transportation company's stock after selling 424,600 shares during the period. Dimensional Fund Advisors LP raised its stake in Hertz Global Holdings by 120.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,245,864 shares of the transportation company's stock valued at $117,298,000 after purchasing an additional 358,161 shares in the last quarter. Glenview Capital Management LLC grew its holdings in shares of Hertz Global Holdings by 30.9% in the 2nd quarter. Its book value per share for the most recent quarter is $10.43 while its price to book ratio for the same period is 1.74, as for as the company's cash per share for the most recent quarter is $8.92, however its price to cash per share ratio for the same period is 2.03.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and worldwide copyright & trademark laws. The correct version of this news story can be read at https://www.thelincolnianonline.com/2017/11/22/analysts-set-hertz-global-holdings-inc-htz-target-price-at-17-29.html. Trading volume for Hertz Global Holdings, Inc. was 5.05 Million in its previous trading session. The stock had a trading volume of 5,051,900 shares, compared to its average volume of 6,220,033. The Stock has its 52-week High of $27.27 and 52-Week Low of $ 8.52 and it touched its 52-week high on 10/11/17 and 52-Week Low on 06/21/17. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38.

Hertz Global Holdings (NYSE:HTZ) last issued its quarterly earnings data on Thursday, November 9th. Commerzbank Aktiengesellschaft FI now owns 138,964 shares of the transportation company's stock valued at $2,996,000 after buying an additional 103,516 shares during the last quarter. The firm had revenue of $2.57 billion during the quarter, compared to analysts' expectations of $2.58 billion. FMR LLC also announced increased position in Hertz Global Holdings, Inc. The business's revenue for the quarter was up 1.2% compared to the same quarter past year.

According to analysts Hertz Global Holdings Inc (NYSE:HTZ)'s minimum EPS for the current quarter is at $-0.9 and can go high up to $-0.33. Hertz Global Holdings Inc's P/E ratio is N/A and the market cap is 1.55B. The Company is engaged principally in the business of renting and leasing of cars through its Hertz, Dollar, Thrifty and Firefly brands, and equipment through its Hertz Equipment Rental brand.

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