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Hertz Global Holdings (HTZ) engages in the car and equipment rental businesses worldwide.
The company operates in two segments, Car Rental and Equipment Rental.
The Car Rental segment rents and leases various car models on an hourly, daily, weekend, weekly, monthly, or multi-month basis; crossovers; and light trucks. This segment operates car rental locations at or near airports, as well as in central business districts and suburban areas of cities in the United States, Canada, France, Germany, Italy, the United Kingdom, Spain, the Netherlands, Switzerland, Belgium, Luxembourg, the Czech Republic, Slovakia, Australia, New Zealand, China, and Brazil. The Car Rental segment also operates retail used car sales locations in the United States, France, and Australia, as well as provides car-sharing services, and fleet leasing and management services.
The Equipment Rental segment rents earthmoving equipment, material handling equipment, aerial and electrical equipment, air compressors, generators, pumps, small tools, compaction equipment, and construction-related trucks. This segment also sells new equipment, and consumables, such as gloves and hardhats. The company also offers claim administration services, such as investigating, evaluating, negotiating, and disposing of various claims, including third-party, first-party, bodily injury, property damage, general liability, and product liability. As of December 31, 2012, it operated a rental fleet of approximately 490,700 cars in the United States; and a combined rental fleet of approximately 177,900 cars internationally. Hertz Global Holdings, Inc. serves various industries, such as construction, petrochemical, automobile manufacturing, railroad, power generation, shipbuilding, and entertainment and special events.
Shares are heading higher in an upward trendline. Yesterday' selloff brought the shares back to their trendline. Higher share prices are expected for this stock.
52-Week Trading Range: $10.22 - $24.29
Entry Point: $23.00
Stop loss: $21.85
Target Price: $25.30
HTZ reached our target price. The position was closed at $25.40. If you elect to stay in the position, adjust your stop loss upward to $25.00
