Hertz Global (HRI) Coverage Initiated by Analysts at Royal Bank of Canada

Royal Bank of Canada assumed coverage on shares of Hertz Global (NYSE:HRI) in a research report released on Friday, February 2nd, MarketBeat reports. The brokerage issued an outperform rating and a $79.00 price objective on the transportation company’s stock.

A number of other brokerages have also weighed in on HRI. Barclays began coverage on shares of Hertz Global in a report on Tuesday, December 12th. They issued an overweight rating and a $70.00 price objective for the company. KeyCorp restated a buy rating and issued a $68.00 price objective on shares of Hertz Global in a research note on Monday, December 18th. Northcoast Research reaffirmed a neutral rating on shares of Hertz Global in a report on Tuesday, December 19th. Zacks Investment Research downgraded shares of Hertz Global from a hold rating to a sell rating in a report on Wednesday, January 10th. Finally, Buckingham Research initiated coverage on shares of Hertz Global in a report on Tuesday, November 21st. They set a neutral rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Hertz Global currently has a consensus rating of Hold and a consensus target price of $57.00.

Shares of Hertz Global (NYSE HRI) opened at $59.28 on Friday. The company has a debt-to-equity ratio of 7.66, a current ratio of 1.09 and a quick ratio of 1.03. Hertz Global has a 12-month low of $33.27 and a 12-month high of $70.58. The company has a market capitalization of $1,629.90, a P/E ratio of -24.60 and a beta of 2.55.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HRI. Quantbot Technologies LP bought a new position in shares of Hertz Global during the second quarter valued at approximately $183,000. Fox Run Management L.L.C. bought a new position in shares of Hertz Global during the third quarter valued at approximately $201,000. Virtu Financial LLC bought a new position in shares of Hertz Global during the fourth quarter valued at approximately $209,000. Boothbay Fund Management LLC acquired a new stake in Hertz Global in the third quarter valued at approximately $218,000. Finally, Eqis Capital Management Inc. acquired a new stake in Hertz Global in the third quarter valued at approximately $286,000. Hedge funds and other institutional investors own 98.33% of the company’s stock.

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Hertz Global Company Profile

Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. 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.

Analyst Recommendations for Hertz Global (NYSE:HRI)

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