Hertz Global Holdings Inc (NYSE:HRI) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 860 call options on the stock. This is an increase of approximately 856% compared to the typical daily volume of 90 call options.
HRI has been the topic of several recent research reports. KeyCorp reissued a “buy” rating and set a $68.00 price target on shares of Hertz Global in a research report on Monday, December 18th. Barclays initiated coverage on shares of Hertz Global in a research report on Tuesday, December 12th. They set an “overweight” rating and a $70.00 price target on the stock. Buckingham Research initiated coverage on shares of Hertz Global in a research report on Tuesday, November 21st. They set a “neutral” rating and a $55.00 price target on the stock. Northcoast Research reissued a “neutral” rating on shares of Hertz Global in a research report on Tuesday, December 19th. Finally, Zacks Investment Research cut shares of Hertz Global from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Hertz Global has an average rating of “Hold” and a consensus target price of $57.00.
Shares of Hertz Global (NYSE HRI) traded up $2.09 during mid-day trading on Wednesday, hitting $59.18. 341,100 shares of the stock traded hands, compared to its average volume of 198,765. The company has a debt-to-equity ratio of 7.66, a quick ratio of 1.03 and a current ratio of 1.09. Hertz Global has a 1 year low of $33.27 and a 1 year high of $70.58.
About Hertz Global
Hertz Global Holdings, Inc (Hertz Global) is a holding company. The Company owns Rental Car Intermediate Holdings, LLC, which owns Hertz Corporation (Hertz), Hertz Global’s primary operating company. The Company operates through three segments. 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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