Shares of Hertz Global Holdings (NYSE:HTZ) were gapping up Monday morning with an open price 15.2% higher than Friday's closing price. The stock closed at $13.15 yesterday and opened today's trading at $15.15.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model NEW YORK ( TheStreet) -- Shares of Hertz Global Holdings (NYSE: HTZ) were gapping up Monday morning with an open price 15.2% higher than Friday's closing price. The stock closed at $13.15 Friday and opened today's trading at $15.15.
The average volume for Hertz Global has been six million shares per day over the past 30 days. Hertz Global has a market cap of $4.91 billion and is part of the services sector and diversified services industry. Shares are up 12.2% year to date as of the close of trading on Friday. Hertz Global Holdings, Inc., through its subsidiaries, engages in the car and equipment rental businesses worldwide. The company operates in two segments, Car Rental and Equipment Rental. The company has a P/E ratio of 19.4, above the average diversified services industry P/E ratio of 17.7 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Hertz Global as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet. You can view the full Hertz Global Ratings Report. Get more investment ideas from our investment research center.