NEW YORK (TheStreet) -- Hertz Global Holdings (HTZ) was rising 2.8% to $27.65 on Wednesday after the company announced the debut of the newest version of its mobile app on iTunes.
The latest version of the app features a redesigned interface and multiple new features to increase customer convenience, including faster reservations, persistent login and the ability to access the app in airplane mode in order to reschedule and update rentals.
"We listen closely to the feedback customers provide us. They wanted a new and improved app and we delivered," said Chairman and CEO Mark P. Frissora in a company statement. "At Hertz we strive to make the rental experience as fast, easy and enjoyable as possible, and our new innovations and technologies, including the redesigned mobile app, are just the start of what's to come."
"We rate HERTZ GLOBAL HOLDINGS INC (HTZ) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, solid stock price performance and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: