Hertz Global (NYSE:HTZ) Shares Gap Down to $5.90

Shares of Hertz Global Holdings, Inc. (NYSE:HTZ) gapped down prior to trading on Tuesday . The stock had previously closed at $5.90, but opened at $5.65. Hertz Global shares last traded at $5.63, with a volume of 2,156,557 shares changing hands.

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 Performance

The stock has a 50 day moving average of $7.39 and a two-hundred day moving average of $8.65. The firm has a market capitalization of $1.73 billion, a P/E ratio of 6.73 and a beta of 1.99.

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