Hertz Global Reaches New 52-Week High (HTZ)

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) -- Hertz Global Holdings (NYSE: HTZ) hit a new 52-week high Thursday as it is currently trading at $24.12, above its previous 52-week high of $24.02 with 124,906 shares traded as of 9:35 a.m. ET. Average volume has been 7.2 million shares over the past 30 days.

Hertz Global has a market cap of $9.32 billion and is part of the services sector and diversified services industry. Shares are up 47.4% year to date as of the close of trading on Wednesday.

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 43.2, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hertz Global as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, expanding profit margins, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Hertz Global Ratings Report.

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