The Short-term Rise and Fall of Hertz Global Holdings Inc. (HTZ) Stock

Hertz Global Holdings Inc. [HTZ] stock is trading at $7.83, down -0.38%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HTZ shares have gain 8.30% over the last week, with a monthly amount drifted -9.58%, and not seem to be holding up well over a long-time horizon.

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On 6, February 2024, HERTZ REPORTS FOURTH QUARTER AND FULL YEAR 2023 RESULTS. In a post published today on Yahoo Finance, “Our business benefitted from solid demand and a stable rate environment in the fourth quarter,” said Stephen Scherr, Hertz chair and chief executive officer. “Nevertheless, we continued to face headwinds related to our electric vehicle fleet and other costs throughout the quarter. We have taken steps to address those challenges and heading into 2024, we are confident that our planned reduction in EVs and cost base, along with the ongoing execution of our enhanced profitability plan, will enable us to regain our operational cadence and improve our financial performance with increasing effect into 2025.”.

From an analyst’s perspective:

Hertz Global Holdings Inc. [NASDAQ: HTZ] stock has seen the most recent analyst activity on February 08, 2024, when Morgan Stanley downgraded its rating to a Equal-Weight and also revised its price target to $10 from $15. Previously, JP Morgan downgraded its rating to Neutral on January 25, 2024, and dropped its price target to $11. On January 25, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $9 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $8 on January 19, 2024. Morgan Stanley upgraded its rating to a Overweight and reduced its price target to $15 on January 18, 2024. Oppenheimer downgraded its rating to Perform for this stock on December 13, 2023. In a note dated December 07, 2023, Goldman initiated an Neutral rating and provided a target price of $10 on this stock.

Hertz Global Holdings Inc. [HTZ] stock has fluctuated between $7.06 and $20.03 over the past year. Currently, Wall Street analysts expect the stock to reach $23.6 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $7.83 at the most recent close of the market. An investor can expect a potential return of 201.4% based on the average HTZ price forecast.

Analyzing the HTZ fundamentals

Hertz Global Holdings Inc. [NASDAQ:HTZ] reported sales of 9.37B for the trailing twelve months, which represents a growth of 7.32%. Gross Profit Margin for this corporation currently stands at 0.2% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.03%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.2 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.77.

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 7.70 points at the first support level, and at 7.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.98, and for the 2nd resistance point, it is at 8.14.

Hertz Global Holdings Inc. [HTZ] reported earnings per share of -$1.36 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.76/share, meaning a difference of -$0.6 and a surprise factor of -78.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.7 per share as compared to estimates of $0.76 per share, a difference of -$0.06 representing a surprise of -7.90%.

Ratios To Look Out For

For context, Hertz Global Holdings Inc.’s Current Ratio is 1.82. In addition, the Quick Ratio stands at 1.82 and the Cash Ratio stands at 0.25. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 0.77 and price to earnings (TTM) ratio is 4.27.

Transactions by insiders

Recent insider trading involved Leef Eric, EVP, Chief HR Officer, that happened on May 08 ’23 when 1946.0 shares were sold.

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