Hertz Global Holdings Sees Unusually High Options Volume (HTZ)
Hertz Global Holdings (NYSE:HTZ) was the recipient of some unusual options trading on Tuesday. Investors purchased 22,438 put options on the company, Analyst Ratings Net reports. This is an increase of 695% compared to the typical volume of 2,822 put options.
Separately, analysts at Zacks upgraded shares of Hertz Global Holdings from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $30.90 price target on the stock. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $29.99.
Shares of Hertz Global Holdings (NYSE:HTZ) traded up 1.28% during mid-day trading on Tuesday, hitting $31.56. 4,803,786 shares of the company’s stock traded hands. Hertz Global Holdings has a 52 week low of $19.73 and a 52 week high of $31.18. The stock has a 50-day moving average of $28.56 and a 200-day moving average of $27.78. The company has a market cap of $14.129 billion and a P/E ratio of 41.00.
Hertz Global Holdings, Inc (NYSE:HTZ) is a holding company.
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