At the time of writing, Hertz Global Holdings Inc. [HTZ] stock is trading at $4.08, up 7.09%. 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 11.17% over the last week, with a monthly amount glided 13.02%, and 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 April 26, 2024, when BofA Securities downgraded its rating to a Underperform and also revised its price target to $3 from $9. Previously, Goldman downgraded its rating to Sell on April 04, 2024, and dropped its price target to $7. On March 19, 2024, BofA Securities initiated with a Neutral rating and assigned a price target of $9 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and decreased its price target to $10 on February 08, 2024. JP Morgan downgraded its rating to a Neutral and reduced its price target to $11 on January 25, 2024. Deutsche Bank downgraded its rating to Hold for this stock on January 25, 2024, and downed its price target to $9. In a note dated January 19, 2024, Jefferies downgraded an Hold rating on this stock and revised its target price from $12 to $8.
For the past year, the stock price of Hertz Global Holdings Inc. fluctuated between $2.90 and $17.95. Currently, Wall Street analysts expect the stock to reach $13.97 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $4.08 at the most recent close of the market. An investor can expect a potential return of 242.4% based on the average HTZ price forecast.
Analyzing the HTZ fundamentals
According to Hertz Global Holdings Inc. [NASDAQ:HTZ], the company’s sales were 9.40B for trailing twelve months, which represents an 1.61% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 6.0.
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 3.83 points at the first support level, and at 3.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.34, and for the 2nd resistance point, it is at 4.60.
Ratios To Look Out For
It is important to note that Hertz Global Holdings Inc. [NASDAQ:HTZ] has a current ratio of 1.33. In addition, the Quick Ratio stands at 1.33 and the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 0.06, the price to book ratio is 0.44 and price to earnings (TTM) ratio is 6.61.
Transactions by insiders
Recent insider trading involved West W Gilbert, CEO, that happened on Apr 30 ’24 when 0.25 million shares were purchased.
