Hertz Global (NYSE:HTZ) Stock Price Down 4.8%

Hertz Global Holdings, Inc. (NYSE:HTZ)’s share price fell 4.8% on Tuesday . The stock traded as low as $6.56 and last traded at $6.57. 843,304 shares were traded during mid-day trading, a decline of 84% from the average session volume of 5,175,039 shares. The stock had previously closed at $6.90.

Analysts Set New Price Targets

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

Hertz Global Stock Down 2.7 %

The stock’s 50-day moving average is $7.55 and its 200 day moving average is $8.91. The stock has a market capitalization of $1.95 billion, a PE ratio of 7.70 and a beta of 1.99.

Hertz Global (NYSE:HTZ) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.36) EPS for the quarter, missing analysts’ consensus estimates of ($1.02) by ($0.34). The company had revenue of $2.18 billion for the quarter, compared to analysts’ expectations of $2.15 billion.

About Hertz Global

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.