Is Hertz Global Holdings Inc (HTZ) Holding Up Well Over a Long-Time Horizon?

At the time of writing, Hertz Global Holdings Inc [HTZ] stock is trading at $3.37, up 6.98%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The HTZ shares have gain 15.81% over the last week, with a monthly amount glided 9.77%, 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 October 21, 2024, when JP Morgan downgraded its rating to a Underweight. Previously, Barclays started tracking the stock with Underweight rating on September 19, 2024, and set its price target to $3. On April 26, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $3 on the stock. Goldman downgraded its rating to a Sell and decreased its price target to $7 on April 04, 2024. BofA Securities initiated its recommendation with a Neutral and recommended $9 as its price target on March 19, 2024. Morgan Stanley downgraded its rating to Equal-Weight for this stock on February 08, 2024, and downed its price target to $10. In a note dated January 25, 2024, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $17 to $11.

For the past year, the stock price of Hertz Global Holdings Inc fluctuated between $2.47 and $10.82. 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 $3.37 at the most recent close of the market. An investor can expect a potential return of 306.23% based on the average HTZ price forecast.

Analyzing the HTZ fundamentals

According to Hertz Global Holdings Inc [NASDAQ:HTZ], the company’s sales were 9.32B for trailing twelve months, which represents an -3.45% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.86.

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 3.21 points at the first support level, and at 3.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.47, and for the 2nd resistance point, it is at 3.57.

Ratios To Look Out For

It is important to note that Hertz Global Holdings Inc [NASDAQ:HTZ] has a current ratio of 1.41. Further, the Quick Ratio stands at 1.41, while the Cash Ratio is 0.47. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.53.