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

Hertz Global Holdings, Inc. (NYSE:HTZ) shares 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 trading hands.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Hertz Global from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th.

Hertz Global Trading Down 3.2 %

The company’s 50 day moving average price is $6.92 and its two-hundred day moving average price is $8.29. The stock has a market cap of $1.48 billion, a P/E ratio of -12.41 and a beta of 1.99.

Hertz Global (NYSE:HTZ) last issued its quarterly earnings data on Tuesday, February 6th. The company reported ($1.36) earnings per share for the quarter, missing the consensus estimate of ($1.02) by ($0.34). The firm had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion.

About Hertz Global

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.