Hertz Global (NYSE:HTZ) Shares Gap Up to $4.47

Hertz Global Holdings, Inc. (NYSE:HTZ)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $4.47, but opened at $4.87. Hertz Global shares last traded at $4.88, with a volume of 2,581,299 shares.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Hertz Global from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th.

Hertz Global Price Performance

The firm has a market cap of $1.54 billion, a P/E ratio of -12.95 and a beta of 1.99. The company’s 50-day moving average is $7.01 and its two-hundred day moving average is $8.36.

Hertz Global (NYSE:HTZ) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($1.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.02) by ($0.34). The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.15 billion.

Hertz Global Company Profile

Hertz Global Holdings, Inc operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-operated, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand.