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Hertz Global (HTZ) Looks Good: Stock Adds 6.9% in Session

Zacks Equity Research

Hertz Global Holdings, Inc HTZ was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $3.38 –$8.37 in the past one-month time frame, witnessed a sharp increase yesterday.   

The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Hertz Global currently carries a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Hertz Global Holdings, Inc Price

Hertz Global Holdings, Inc Price

Hertz Global Holdings, Inc price | Hertz Global Holdings, Inc Quote

A better-ranked stock in the broader Transportation – Services industry is U.S. Xpress Enterprises, Inc. USX which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.

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