Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.Hertz Global Holdings ( HTZ) pushed the Diversified Services industry lower today making it today's featured Diversified Services laggard. The industry as a whole closed the day up 0.2%. By the end of trading, Hertz Global Holdings fell $0.59 (-2.2%) to $25.99 on heavy volume. Throughout the day, 9,093,083 shares of Hertz Global Holdings exchanged hands as compared to its average daily volume of 5,824,600 shares. The stock ranged in price between $25.97-$26.79 after having opened the day at $26.65 as compared to the previous trading day's close of $26.58. Other companies within the Diversified Services industry that declined today were: RMG Networks ( RMGN), down 10.9%, Universal Security Instruments ( UUU), down 8.1%, Document Security Systems ( DSS), down 7.6% and Command Security Corporation ( MOC), down 7.5%.
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. Hertz Global Holdings has a market cap of $11.0 billion and is part of the services sector. Shares are up 63.5% year to date as of the close of trading on Thursday. Currently there are 3 analysts that rate Hertz Global Holdings a buy, 1 analyst rates it a sell, and none rate it a hold. TheStreet Ratings rates Hertz Global Holdings as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and good cash flow from operations. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.