Hertz Global Holdings Inc (HTZ) : 3 analysts are covering Hertz Global Holdings Inc (HTZ) and their average rating on the stock is 1.67, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Hertz Global Holdings Inc (HTZ) : 2 Wall Street analysts covering Hertz Global Holdings Inc (HTZ) believe that the average level the stock could reach for the short term is $68. The maximum price target given is $76 and the minimum target for short term is around $60, hence the standard deviation is calculated at $11.31.
For the current week, the company shares have a recommendation consensus of Buy. Hertz Global Holdings Inc (NYSE:HTZ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $44.87 and $44.76 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $46.47. The buying momentum continued till the end and the stock did not give up its gains. It closed at $45.35, notching a gain of 1.36% for the day. The total traded volume was 2,113,364 . The stock had closed at $44.74 on the previous day.
In a related news, Best Tyler, officer (Exec VP and CIO) of Hertz Global Holdings Inc, executed a transaction worth $450,900 on June 2, 2016. A total of 45,000 shares were purchased at an average price of $10.02. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
Hertz Global Holdings, Inc. is a holding company. The Company operates car rental business through its Hertz, Dollar, Thrifty and Firefly brands. The Companys operating segments are U.S. Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations. As of December 31, 2014, the Company operated 10,880 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. Its brands maintain separate airport counters, reservations and reservation systems, marketing and all other customer contact activities. Its Hertz brand has approximately 9,395 corporate and franchisee locations in 145 countries. Its Dollar and Thrifty brands combined have approximately 1,380 corporate and franchisee locations in 77 countries and Firefly brand has approximately 105 corporate and franchisee locations in 12 countries. Its equipment rental business is operated through the Hertz Equipment Rental brand.