Hertz Global Sees Unusually High Options Volume (HTZ)
Hertz Global Holdings, Inc (NYSE:HTZ) was the recipient of some unusual options trading activity on Wednesday. Stock investors acquired 21,182 call options on the stock. This is an increase of approximately 1,179% compared to the typical daily volume of 1,656 call options.
Hertz Global (HTZ) opened at $23.92 on Friday. The company has a market cap of $1,880.00 and a P/E ratio of -2.75. Hertz Global has a one year low of $8.52 and a one year high of $27.27. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 18.38.
Hertz Global (NYSE:HTZ) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $1.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.09. The company had revenue of $2.57 billion for the quarter, compared to analyst estimates of $2.58 billion. Hertz Global had a negative net margin of 8.35% and a negative return on equity of 14.05%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.58 earnings per share. equities research analysts anticipate that Hertz Global will post -1.39 EPS for the current fiscal year.
Several analysts recently weighed in on the stock. Macquarie raised shares of Hertz Global from a “neutral” rating to an “outperform” rating in a report on Thursday. Morgan Stanley reduced their target price on shares of Hertz Global from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Wednesday, November 15th. Northcoast Research reaffirmed a “neutral” rating on shares of Hertz Global in a report on Monday, November 13th. Zacks Investment Research cut shares of Hertz Global from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, ValuEngine cut shares of Hertz Global from a “sell” rating to a “strong sell” rating in a report on Sunday, December 31st. Five 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. The stock currently has an average rating of “Hold” and a consensus 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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