The Largest airport cars brand, Hertz Global Holdings, Inc. (NYSE:HTZ), has announced its plan to spin off its equipment rental business as a public traded entity. Proceeds from the offering which are expected to come in at $2.5 billion, will be used for paying down the company’s long term debt as well as supporting the company’s $1 billion stock buyback plan. Hertz Global Holdings, Inc. (NYSE:HTZ) shares after opening at $27.59 moved to $27.83 on last trade day and at the end of the day closed at $27.80. Company price to sales ratio in past twelve months was calculated as 1.16 and price to cash ratio as 29.41. Hertz Global Holdings, Inc. (NYSE:HTZ) showed a positive weekly performance of 7.88%.
Shares of SBA Communications (NASDAQ:SBAC) have received an average rating of “Buy” from the fifteen analysts that are currently covering the stock, Stock Ratings Network.com reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $104.09. SBA Communications Corporation. (NASDAQ:SBAC) shares fell 1.27% in last trading session and ended the day on $89.99. SBA Communications Corporation. (NASDAQ:SBAC) return on equity ratio is recorded as -16.20% and its return on assets is -1.20%. SBA Communications Corporation. (NASDAQ:SBAC) yearly performance is 24.82%.
Avis Budget Group, Inc. (Nasdaq:CAR) announced that SiriusXM is now available to a majority of Avis Car Rental and Budget Car Rental customers via factory-installed satellite radios. The new offering gives customers even easier access to commercial-free music, premier sports talk and live events, comedy, news, exclusive talk and entertainment, and the most comprehensive Latin music, sports, and talk programming in radio. The in-dash access to SiriusXM replaces the portable plug and play satellite radio previously offered to Avis and Budget renters. Avis Budget Group Inc. (NASDAQ:CAR) shares moved up 3.30% in last trading session and was closed at $51.40, while trading in range of $49.22 – $51.47. Avis Budget Group Inc. (NASDAQ:CAR) year to date (YTD) performance is 27.16%.
Aaron’s, Inc. (NYSE:AAN), a lease-to-own retailer specializing in the sales and lease ownership of residential furniture, consumer electronics, home appliances and accessories, issued the following statement: Aaron’s, Inc. (NYSE:AAN) weekly performance is 1.70%. On last trading day company shares ended up $31.08. Aaron’s, Inc. (NYSE:AAN) distance from 50-day simple moving average (SMA50) is 4.93%. Analysts mean target Price for the company is $29.00.