An issue of Hertz Global Holdings, Inc (NYSE:HTZ) bonds rose 1.2% as a percentage of their face value during trading on Monday. The high-yield debt issue has a 7.375% coupon and will mature on January 15, 2021. The debt is now trading at $101.19 and was trading at $99.50 one week ago. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

HTZ has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Hertz Global Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 10th. Barclays PLC restated an “equal weight” rating and set a $23.00 target price (down previously from $31.00) on shares of Hertz Global Holdings in a research note on Friday, February 24th. Credit Suisse Group AG cut shares of Hertz Global Holdings from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $27.00 to $15.00 in a research note on Friday, February 17th. Deutsche Bank AG restated a “hold” rating and set a $24.00 target price on shares of Hertz Global Holdings in a research note on Wednesday, March 1st. Finally, MKM Partners set a $33.00 target price on shares of Hertz Global Holdings and gave the company a “buy” rating in a research note on Wednesday, December 14th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.67.

Shares of Hertz Global Holdings, Inc (NYSE:HTZ) traded down 1.98% during trading on Monday, hitting $21.26. 1,680,353 shares of the stock traded hands. The firm’s market cap is $1.77 billion. The stock has a 50 day moving average of $21.13 and a 200 day moving average of $29.08. Hertz Global Holdings, Inc has a 52-week low of $17.20 and a 52-week high of $53.14.

Hertz Global Holdings (NYSE:HTZ) last posted its earnings results on Monday, February 27th. The company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by $0.27. The business earned $2.01 billion during the quarter, compared to the consensus estimate of $2.04 billion. During the same quarter in the previous year, the business earned $0.05 EPS. Hertz Global Holdings’s revenue was down .9% compared to the same quarter last year. Analysts expect that Hertz Global Holdings, Inc will post $1.10 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP raised its position in Hertz Global Holdings by 15.7% in the fourth quarter. GSA Capital Partners LLP now owns 17,284 shares of the company’s stock valued at $373,000 after buying an additional 2,340 shares during the period. State Board of Administration of Florida Retirement System raised its position in Hertz Global Holdings by 3.0% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 108,257 shares of the company’s stock valued at $2,334,000 after buying an additional 3,181 shares during the period. Federated Investors Inc. PA raised its position in Hertz Global Holdings by 146.3% in the fourth quarter. Federated Investors Inc. PA now owns 5,448 shares of the company’s stock valued at $117,000 after buying an additional 3,236 shares during the period. Guggenheim Capital LLC raised its position in Hertz Global Holdings by 13.9% in the fourth quarter. Guggenheim Capital LLC now owns 67,510 shares of the company’s stock valued at $1,455,000 after buying an additional 8,214 shares during the period. Finally, Horizon Kinetics LLC raised its position in Hertz Global Holdings by 52.5% in the fourth quarter. Horizon Kinetics LLC now owns 30,466 shares of the company’s stock valued at $657,000 after buying an additional 10,484 shares during the period. Institutional investors own 91.26% of the company’s stock.

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Hertz Global Holdings Company Profile

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. 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. It operates through four segments: U.S.

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