Published: Sat, May 20, 2017
Money | By Armando Alvarado

Hertz Global Holdings, Inc (HTZ) Bonds Rise 0.8% During Trading


An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 1.3% against their face value during trading on Wednesday. The high-yield debt issue has a 6.25% coupon and will mature on October 15, 2022. The bonds in the issue are now trading at $89.38 and were trading at $91.00 one week ago. Morgan Stanley now has an equal weight rating on the transportation company's stock.

These analysts also forecasted Growth Estimates for the Current Quarter for HTZ to be -92.7%.

On Monday Morgan Stanley indicated its target price on Hertz Global Holdings, Inc. Finally, Zacks Investment Research lowered Hertz Global Holdings from a "hold" rating to a "sell" rating in a research report on Thursday, February 23rd.

Many analysts are providing their Estimated Earnings analysis for Hertz Global Holdings, Inc. and for the current quarter 10 analysts have projected that the stock could give an Average Earnings estimate of $0.03/share. (HTZ) will report its next earnings on May 08 AMC. Of those twelve, two have a buy rating, eight have a hold rating, and two have a sell rating. The company now has a consensus rating of "Hold" and an average price target of $31.63.

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Hertz Global Holdings, Inc. The stock's market cap is $907.43 million. Hertz Global Holdings has a 52 week low of $9.88 and a 52 week high of $53.14. (HTZ)'s distance from 200 day simple moving average is -62.05 percent, its distance from 50 day simple moving average is -36.42 percent, while its distance from 20 day simple moving average is -27.11 percent. The transportation company reported ($1.61) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($1.00) by $0.61. They expect $0.32 EPS, down 47.54% or $0.29 from last year's $0.61 per share. Currently, Hertz Global Holdings, Inc.net profit margin for the 12 months is at -3.64%.

Recently, several research firms updated their ratings on the stock. Outstanding shares refer to a company's stock now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders. 9936557 shares were traded on Hertz Global Holdings, Inc's last session. Credit Suisse had a markedly different take on 17/02/2017, proposing that Hertz Global Holdings, Inc.is now considered Underperform versus prior Neutral rating. Bank of America Corp DE now owns 202,114 shares of the transportation company's stock valued at $3,545,000 after buying an additional 81,689 shares in the last quarter. The average volume of a stock suggests the liquidity of a particular company. Finally, Gabelli Funds LLC boosted its position in Hertz Global Holdings by 18.4% in the first quarter. It seems that the stock might see muted action given an ABR of 2.5 or Hold rating.

ILLEGAL ACTIVITY WARNING: This report was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this report on another domain, it was illegally stolen and reposted in violation of USA and global trademark & copyright laws. Over the short term, some market observers may have noticed that Hertz Global Holdings, Inc. has a 24.85% short float with 15 days to cover. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

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