Boston, MA 10/01/2013 (wallstreetpr) – Goldman Sachs reaffirmed their “buy” rating on Hertz Global Holdings, Inc. (NYSE:HTZ) shares on Thursday and currently has a target price of $31.00 on the stock. Numerous other analysts have weighed on the stock recently. Wells Fargo & Co. analyst reiterated their “outperform” rating on the company shares on July 30, and have now set a target price of $33.00 on the stock. Barclays Capital analysts hiked their rating on the company shares from $30.00 to $31.00 and have assigned an “overweight” rating on the stock.
One research-analyst has assigned a “sell” rating on the stock, 6 have assigned a “buy” rating to the company. The average rating on Hertz is a “buy” and the average target price is $28.67.
Shares purchase
In separate news, Director Of America Corp /De/ Bank purchased 2,900 shares of the HTZ stock on the open-market in a transaction dated 16 September. The stock was bought at an average price of $27.39/share, and the transaction totaled to $79,431.00. This acquisition was disclosed in a SEC filing
Mondays trading
In Monday’s trading session, Hertz dropped by 0.72%. The company’s shares opened at a price of $21.98, climbed to an intraday high of $22.22 and dropped to a close of $22.16. Approximately 11.85 million shares were traded on Monday while an average volume of 8.66 million shares were traded over 30 days. The 52-week low of the shares is $12.97 while the 52-week high is $27.75. The company has a market capitalization of $8.90 billion.
The company
Hertz is a holding company. The Hertz Corporation is its operating-company and a direct 100%-owned subsidiary of Hertz Investors, Inc. The latter is 100%-owned by Hertz Holdings. It owns an airport general-use car-rental brand. It’s Thrifty and Dollar brands have around 1,410 corporate and franchisee-locations across 83 countries.
