Hertz Global Holdings Sees Unusually Large Options Volume (HTZ)

Hertz Global Holdings, Inc. closed its last trading session at $9.9 with the loss of -5.76%. The high-yield issue of debt has a 7.375% coupon and will mature on January 15, 2021. The bonds in the issue are now trading at $84.75 and were trading at $88.00 one week ago. Morgan Stanley now has an equal weight rating on the transportation company's stock. Any way you dice it, a dip below $8.84/share would be very bad news for HTZ's technical picture in the near-term. Finally, Millman Research Associates reiterated their buy stance on May 09, with a target price of $38. Hertz Global Holdings has a 52-week low of $10.15 and a 52-week high of $53.14.

Hertz Global Holdings, Inc (NYSE:HTZ) had its price objective reduced by Morgan Stanley from $15.00 to $12.00 in a research report sent to investors on Friday. Northcoast had a markedly different take on 08/11/2016, proposing that Hertz Global Holdings, Inc.is now considered Neutral versus prior Buy rating. The company has a consensus rating of Hold and an average target price of $31.63.

Currently, the market capitalization of Hertz Global Holdings, Inc. The stock had a trading volume of 6,723,113 shares. The company's market cap is $828.74 million. Analysts anticipate that Hertz Global Holdings, Inc will post $0.44 earnings per share for the current year.

The company's 50 day moving average is $15.70 and its 200 day moving average is $21.63.

Hertz Global Holdings (NYSE:HTZ) last released its earnings results on Monday, May 8th. The difference between the expected and actual EPS was $-0.7/share, which represents an Earnings surprise of -76.9%. The business had revenue of $1.92 billion for the quarter, compared to analysts' expectations of $1.94 billion. The firm's revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the business posted ($0.79) EPS.

By historical standards, Hertz Global Holdings, Inc. remains a cheap stock.

Several hedge funds have recently modified their holdings of the stock. Finally, Gabelli Funds LLC boosted its position in shares of Hertz Global Holdings by 18.4% in the first quarter. Over the last three months, the shares of the company have changed -48.53% and performed -61.29% over the last six months. Icahn Carl C boosted its position in Hertz Global Holdings by 126.2% in the fourth quarter.

8 analysts on average are expecting the company to report revenue of $887.03 Million for the current quarter.

ImmunoGen, Inc. (NASDAQ:IMGN) is another stock that is grabbing investors attention these days. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in Hertz Global Holdings by 146.0% in the first quarter. GSA Capital Partners LLP now owns 17,284 shares of the transportation company's stock worth $373,000 after buying an additional 2,340 shares during the last quarter. Institutional investors own 91.26% of the company's stock. (NYSE:HTZ), Stochastic %D value stayed at 6.45% for the last 9 days. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and worldwide copyright law.

Herc Holdings Inc, formerly Hertz Global Holdings, Inc, is a holding company. The U.S. Car Rental (U.S. RAC) segment is engaged in the rental of vehicles, such as cars, crossovers and light trucks, as well as ancillary products and services, in the United States.

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