Hertz Global Holdings Inc. (HTZ) Shares Gain 5.34% Over Last Week

Hertz Global Holdings Inc. [HTZ] stock is trading at $7.69, down -1.79%. An important factor to consider is whether the stock is rising or falling in short-term value. The HTZ shares have gain 5.34% over the last week, with a monthly amount drifted -2.04%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

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

Hertz Global Holdings Inc. [HTZ] stock has fluctuated between $6.88 and $19.36 over the past year. Currently, Wall Street analysts expect the stock to reach $23 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $7.69 at the most recent close of the market. An investor can expect a potential return of 199.09% 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 7.56 points at the first support level, and at 7.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.85, and for the 2nd resistance point, it is at 8.02.

Ratios To Look Out For

For context, Hertz Global Holdings Inc.’s Current Ratio is 1.82. On the other hand, the Quick Ratio is 1.82, and the Cash Ratio is 0.25. Considering the valuation of this stock, the price to sales ratio is 0.12, the price to book ratio is 0.76 and price to earnings (TTM) ratio is 4.19.

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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