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Hertz Global (NYSE:HTZ) Shares Gap Up - Here's Why

Hertz Global logo with Industrials background

Hertz Global Holdings, Inc. (NYSE:HTZ - Get Free Report)'s share price gapped up before the market opened on Wednesday . The stock had previously closed at $2.95, but opened at $3.02. Hertz Global shares last traded at $2.95, with a volume of 314,116 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com raised Hertz Global to a "sell" rating in a research report on Thursday, October 10th.

Read Our Latest Stock Analysis on HTZ

Hertz Global Trading Up 0.3 %

The company has a market cap of $905.21 million, a price-to-earnings ratio of -7.51 and a beta of 2.02. The business's 50 day moving average price is $3.20 and its 200-day moving average price is $4.03.

Hertz Global (NYSE:HTZ - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported ($1.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.21) by ($0.23). The firm had revenue of $2.35 billion during the quarter, compared to the consensus estimate of $2.48 billion.

Hertz Global Company Profile

(Get Free Report)

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.

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