Key Takeaways from Hertz Global Holdings Inc. (HTZ)’s Recent Sales and Margin Figures

A share price of Hertz Global Holdings Inc. [HTZ] is currently trading at $3.19, down -1.54%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling.

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From an analyst’s perspective:

Hertz Global Holdings Inc. [NASDAQ: HTZ] stock has seen the most recent analyst activity on September 19, 2024, when Barclays initiated its Underweight rating and assigned the stock a price target of $3. Previously, BofA Securities downgraded its rating to Underperform on April 26, 2024, and dropped its price target to $3. On April 04, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $7 on the stock. BofA Securities started tracking the stock assigning a Neutral rating and suggested a price target of $9 on March 19, 2024. Morgan Stanley downgraded its rating to a Equal-Weight and reduced its price target to $10 on February 08, 2024. JP Morgan downgraded its rating to Neutral for this stock on January 25, 2024, and downed its price target to $11. In a note dated January 25, 2024, Deutsche Bank downgraded an Hold rating on this stock and revised its target price from $16 to $9.

Hertz Global Holdings Inc. experienced fluctuations in its stock price throughout the past year between $2.47 and $11.71. Currently, Wall Street analysts expect the stock to reach $13.69 within the next 12 months. Hertz Global Holdings Inc. [NASDAQ: HTZ] shares were valued at $3.19 at the most recent close of the market. An investor can expect a potential return of 329.15% based on the average HTZ price forecast.

Analyzing the HTZ fundamentals

Trailing Twelve Months sales for Hertz Global Holdings Inc. [NASDAQ:HTZ] were 9.32B which represents -3.45% decline. Gross Profit Margin for this corporation currently stands at 0.08% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.08%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.27 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 8.86.

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 3.15 points at the first support level, and at 3.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.24, and for the 2nd resistance point, it is at 3.29.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Hertz Global Holdings Inc. [NASDAQ:HTZ] is 1.41. In addition, the Quick Ratio stands at 1.41 and the Cash Ratio stands at 0.47. Considering the valuation of this stock, the price to sales ratio is 0.05, the price to book ratio is 0.50.