Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of some unusual options trading on Wednesday. Stock investors bought 21,182 call options on the company. This represents an increase of approximately 1,179% compared to the typical daily volume of 1,656 call options.
Hertz Global (NYSE:HTZ) traded down $1.57 during midday trading on Tuesday, hitting $18.60. The stock had a trading volume of 5,235,356 shares, compared to its average volume of 2,890,000. The stock has a market cap of $1,690.00 and a PE ratio of -2.14. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 18.38. Hertz Global has a fifty-two week low of $8.52 and a fifty-two week high of $27.27.
Several equities research analysts have commented on HTZ shares. Zacks Investment Research upgraded Hertz Global from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, October 17th. ValuEngine lowered Hertz Global from a “sell” rating to a “strong sell” rating in a research report on Sunday, December 31st. Macquarie upgraded Hertz Global from a “neutral” rating to an “outperform” rating in a research report on Thursday, January 18th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a research note on Monday, November 13th. Finally, Morgan Stanley reduced their target price on Hertz Global from $14.00 to $13.00 and set an “underweight” rating for the company in a research note on Wednesday, November 15th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Hertz Global presently has a consensus rating of “Hold” and an average price target of $17.29.
Hertz Global 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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