A View of Hertz Global Holdings Inc. (HTZ) Stock’s Fundamentals and Valuations

Currently, Hertz Global Holdings Inc. [HTZ] is trading at $17.42, up 0.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The HTZ shares have gain 3.75% over the last week, with a monthly amount glided 15.59%, and seem to be holding up well over a long-time horizon.

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On 23, January 2023, Herc Holdings Announces Fourth Quarter and Full Year 2022 Earnings Call and Webcast Date. In a post published today on Yahoo Finance, Herc Holdings Inc. (NYSE: HRI) will host its fourth quarter and full year 2022 earnings call and webcast on Tuesday, February 14, at 8:30 a.m. U.S. Eastern Standard Time. The Company plans to issue a press release with the financial results on the same day prior to the call. On the call, management will review the Company’s results and may discuss or disclose material business, financial, or other information that is not contained in the press release.

From an analyst’s perspective:

Hertz Global Holdings Inc. [NASDAQ: HTZ] stock has seen the most recent analyst activity on December 06, 2022, when Susquehanna initiated its Neutral rating and assigned the stock a price target of $18. Previously, Oppenheimer started tracking the stock with Outperform rating on January 13, 2022, and set its price target to $31. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $27 on December 06, 2021. JP Morgan initiated its recommendation with a Overweight and recommended $30 as its price target on December 06, 2021. Goldman started tracking with a Neutral rating for this stock on December 06, 2021, and assigned it a price target of $32. In a note dated December 06, 2021, Barclays initiated an Overweight rating and iterated a target price of $28 on this stock.

This stock has fluctuated between a low of $14.49 and a high of $24.35 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $23.40 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $17.42 at the most recent close of the market. An investor can expect a potential return of 34.33% based on the average HTZ price forecast.

Analyzing the HTZ fundamentals

Recent quarter sales for Hertz Global Holdings Inc. [NASDAQ:HTZ] were 2.5 billion which represents 12.10% growth. Gross Margin for this corporation currently stands at +37.34% with Operating Margin at +28.18%, Pretax Margin comes in at +9.31%, and Net Margin reading is +4.99%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.26 points at the first support level, and at 17.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.59, and for the 2nd resistance point, it is at 17.75.

Hertz Global Holdings Inc. [HTZ] reported earnings per share of $1.08 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.06/share, meaning a difference of $0.02 and a surprise factor of 1.90%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were $1.22 per share as compared to estimates of $1.15 per share, a difference of $0.07 representing a surprise of 6.10%.

Ratios To Look Out For

Also, the Quick Ratio is 2.78, while the Cash Ratio stands at 1.67. Considering the valuation of this stock, the price to sales ratio is 1.07, the price to book ratio is 3.78 and the P/E (TTM) ratio is 5.51.

Transactions by insiders

We now turn our attention to insider trading, which in the past 3 months has resulted in 0 insider buyings of 0 shares and 5 insider sellings of 48,443 shares.