Market Analysts see Hertz Global Holdings Inc. [HTZ] gaining to $31. Time to buy?

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Hertz Global Holdings Inc. [NASDAQ: HTZ] loss -5.96% on the last trading session, reaching $16.88 price per share at the time. The company report on July 5, 2022 that Hertz Global Holdings, Inc. to Announce Second Quarter 2022 Financial Results on July 28.


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Hertz Global Holdings, Inc. (NASDAQ: HTZ) (the “Company”) announced today that it plans to report its second quarter 2022 financial results at approximately 7:30 a.m. ET on Thursday, July 28, 2022 followed by an earnings call at 8:30 a.m. ET.

A live webcast of the call will be available on the Investor Relations page of the Company’s website at https://ir.hertz.com. To access the call by phone, please go to https://register.vevent.com/register/BI2433af661d3d4b639a2e3512a894d4d6, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A web replay will remain available on the website for approximately one year.

Hertz Global Holdings Inc. represents 432.00 million in outstanding shares, while the company has a total market value of $7.14 billion with the latest information. HTZ stock price has been found in the range of $16.835 to $17.86.

If compared to the average trading volume of 5.46M shares, HTZ reached a trading volume of 5166503 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Hertz Global Holdings Inc. [HTZ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HTZ shares is $27.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HTZ stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Oppenheimer have made an estimate for Hertz Global Holdings Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 13, 2022. While these analysts kept the previous recommendation, Deutsche Bank raised their target price to Buy. The new note on the price target was released on December 06, 2021, representing the official price target for Hertz Global Holdings Inc. stock. Previously, the target price had yet another raise to $27, while Morgan Stanley analysts kept a Equal-Weight rating on HTZ stock.

The Average True Range (ATR) for Hertz Global Holdings Inc. is set at 0.83, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.91. The Price to Book ratio for the last quarter was 2.70, with the Price to Cash per share for the same quarter was set at 3.59. Price to Free Cash Flow for HTZ in the course of the last twelve months was 3.35.

Trading performance analysis for HTZ stock

Hertz Global Holdings Inc. [HTZ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.38. With this latest performance, HTZ shares dropped by -7.41% in over the last four-week period, additionally sinking by -8.81% over the last 6 months – not to mention a rise of 12.53% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HTZ stock in for the last two-week period is set at 44.21, with the RSI for the last a single of trading hit 41.75, and the three-weeks RSI is set at 44.91 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 17.98, while it was recorded at 17.83 for the last single week of trading, and 21.64 for the last 200 days.

An analysis of insider ownership at Hertz Global Holdings Inc. [HTZ]

There are presently around $6,394 million, or 86.70% of HTZ stock, in the hands of institutional investors. The top three institutional holders of HTZ stocks are: KNIGHTHEAD CAPITAL MANAGEMENT, LLC with ownership of 181,455,469, which is approximately 0% of the company’s market cap and around 1.00% of the total institutional ownership; VANGUARD GROUP INC, holding 20,757,064 shares of the stock with an approximate value of $372.59 million in HTZ stocks shares; and KING STREET CAPITAL MANAGEMENT, L.P., currently with $278.22 million in HTZ stock with ownership of nearly 18.321% of the company’s market capitalization.

126 institutional holders increased their position in Hertz Global Holdings Inc. [NASDAQ:HTZ] by around 67,084,003 shares. Additionally, 88 investors decreased positions by around 40,263,946 shares, while 25 investors held positions by with 248,870,724 shares. The mentioned changes placed institutional holdings at 356,218,673 shares, according to the latest SEC report filing. HTZ stock had 69 new institutional investments in for a total of 34,275,889 shares, while 38 institutional investors sold positions of 5,681,492 shares during the same period.

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