Hertz Global (NYSE:HTZ) Shares Gap Up – Should You Buy?

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Hertz Global to a “sell” rating in a research report on Thursday, October 10th.

Hertz Global Price Performance

The stock has a 50 day moving average price of $3.18 and a 200-day moving average price of $4.01. The stock has a market capitalization of $957.19 million, a P/E ratio of -8.03 and a beta of 2.02.

Hertz Global (NYSE:HTZ) last released 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 business had revenue of $2.35 billion for the quarter, compared to analysts’ expectations of $2.48 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.