Hertz Global (NYSE:HTZ) Shares Up 6.4%

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) shot up 6.4% during trading on Wednesday . The company traded as high as $5.96 and last traded at $5.81. 7,872,263 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 5,361,375 shares. The stock had previously closed at $5.46.

Analysts Set New Price Targets

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

Hertz Global Stock Up 6.2 %

The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 6.70 and a beta of 1.99. The stock has a 50 day moving average of $7.35 and a 200 day moving average of $8.61.

Hertz Global (NYSE:HTZ) last released its earnings results on Tuesday, February 6th. The company reported ($1.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.34). The business had revenue of $2.18 billion during the quarter, compared to analysts’ expectations 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.