Hertz Global Holdings Sees Unusually Large Options Volume (HTZ)
Shares of Hertz Global Holdings (NYSE:HTZ) was the target of unusually large options trading activity on Thursday. Traders acquired 30,851 put options on the company, American Banking News reports. This is an increase of approximately 1,484% compared to the typical daily volume of 1,948 put options.
In other Hertz Global Holdings news, Director Of America Corp /De/ Bank purchased 2,900 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was purchased at an average cost of $27.39 per share, with a total value of $79,431.00. The purchase was disclosed in a filing with the SEC, which is available at this link.
HTZ has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Hertz Global Holdings (NYSE:HTZ) in a research note to investors on Thursday. They now have a $31.00 price target on the stock. Separately, analysts at Wells Fargo & Co. reiterated an “outperform” rating on shares of Hertz Global Holdings (NYSE:HTZ) in a research note to investors on Tuesday, July 30th. They now have a $33.00 price target on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Hertz Global Holdings (NYSE:HTZ) from $30.00 to $31.00 in a research note to investors on Tuesday, July 30th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Hertz Global Holdings currently has an average rating of “Buy” and an average target price of $28.67.
Shares of Hertz Global Holdings (NYSE:HTZ) opened at 21.63 on Friday. Hertz Global Holdings has a 52 week low of $12.97 and a 52 week high of $27.75. The stock has a 50-day moving average of $25.27 and a 200-day moving average of $24.64. The company has a market cap of $8.685 billion and a price-to-earnings ratio of 28.13.
Hertz Global Holdings (NYSE:HTZ) last announced its earnings results on Monday, July 29th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. On average, analysts predict that Hertz Global Holdings will post $1.89 earnings per share for the current fiscal year.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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