Barclays Initiates Coverage on Hertz Global Holdings Inc to Equal-weight

Barclays Initiates Coverage on Hertz Global Holdings Inc(NYSE:HTZ). The shares have been rated Equal-weight. The rating by Barclays was issued on Sep 27, 2016.

In a different note, Macquarie said it Initiates Coverage on Hertz Global Holdings Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on Hertz Global Holdings Inc. In the research note, the firm Lowers the price-target to $76.00 per share. The shares have been rated ‘Buy’ by the firm.

Hertz Global Holdings Inc (HTZ) made into the market gainers list on Fridays trading session with the shares advancing 3.51% or 1.36 points. Due to strong positive momentum, the stock ended at $40.16, which is also near the day’s high of $40.54. The stock began the session at $38.89 and the volume stood at 17,97,623 shares. The 52-week high of the shares is $79.457422 and the 52 week low is $27.522783. The company has a current market capitalization of $3,413 M and it has 8,49,85,424 shares in outstanding.

Hertz Global Holdings Inc(HTZ) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.27B. Analysts had an estimated revenue of $2.26B. Earnings per share were $0.41. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Michael J Durham (director) sold 125 shares at $47.27 per share price.Also, 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.

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