Hertz Global Holdings Inc (HTZ) has risen sharply, recording gains of 3.9% in the past 4 weeks. However, the stock has corrected -0.82% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 4.12% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 5.23% and the fifty day Moving Average is 4.03%.
Hertz Global Holdings Inc (HTZ) stock is expected to deviate a maximum of $2.12 from the average target price of $61.5 for the short term period. 2 Street Experts have initiated coverage on the stock with the most promising target being $63 and the most muted being $60.
Hertz Global Holdings Inc (NYSE:HTZ): On Fridays trading session , Opening price of the stock was $50.61 with an intraday high of $51.41. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.25. However, the stock managed to close at $50.58, a loss of 0.14% for the day. On the previous day, the stock had closed at $50.65. The total traded volume of the day was 912,881 shares.
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.