Hertz Global Holdings Inc. (NASDAQ: HTZ) is 13.19% higher on its value in year-to-date trading and has touched a low of $14.49 and a high of $24.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HTZ stock was last observed hovering at around $17.41 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $25.00 for the next 12 months. It is also 39.93% off the consensus price target high of $29.00 offered by 6 analysts, but current levels are 3.22% higher than the price target low of $18.00 for the same period.
Currently trading at $17.42, the stock is 8.59% and 6.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.51 million and changing 0.06% at the moment leaves the stock -4.51% off its SMA200. HTZ registered -8.32% loss for a year compared to 6-month loss of -2.95%.
The stock witnessed a 15.59% gain in the last 1 month and extending the period to 3 months gives it a -2.68%, and is 3.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.19% over the month.
Hertz Global Holdings Inc. (HTZ) has around 23000 employees, a market worth around $5.61B and $8.60B in sales. Current P/E ratio is 5.51 and Fwd P/E is 7.55. Profit margin for the company is 14.70%. Distance from 52-week low is 20.22% and -28.46% from its 52-week high. The company has generated returns on investments over the last 12 months (5.50%).
Hertz Global Holdings Inc. (HTZ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Hertz Global Holdings Inc. (HTZ) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.30, where 3 rate it as a Hold and 0 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Hertz Global Holdings Inc. is expected to release its quarterly report on 05/08/2023.The EPS is expected to grow by 97.70% this year.
Hertz Global Holdings Inc. (HTZ) Top Institutional Holders
The shares outstanding are 355.00M, and float is at 330.36M with Short Float at 6.47%.
Hertz Global Holdings Inc. (HTZ) Insider Activity
A total of 6 insider transactions have happened at Hertz Global Holdings Inc. (HTZ) in the last six months, with sales accounting for 5 and purchases happening 1 times.