Hertz Global Holdings Inc. [NASDAQ: HTZ] stock went on a downward path that fall over -2.99% on Tuesday, amounting to a one-week price decrease of less than -7.74%. The company report on October 6, 2022 that Hertz Provides $1 Million to Support Hurricane Ian Relief and Recovery Efforts in its Home State of Florida.
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Hertz (NASDAQ: HTZ) today announced $1 million in contributions to support relief and recovery efforts across Southwest Florida and to further assist Hertz employees who live in areas impacted by Hurricane Ian.
Hertz has made a $500,000 donation to the Florida Disaster Fund, administered by the State of Florida to assist communities with disaster recovery, along with a $150,000 donation to Collaboratory’s Southwest Florida Emergency Relief Fund, which benefits the United Way of Lee, Hendry, and Glades Counties to directly assist people across the region.
Over the last 12 months, HTZ stock dropped by -39.40%. The one-year Hertz Global Holdings Inc. stock forecast points to a potential upside of 46.85. The average equity rating for HTZ stock is currently 2.10, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $5.90 billion, with 398.00 million shares outstanding and 356.72 million shares in the current float. Compared to the average trading volume of 4.24M shares, HTZ stock reached a trading volume of 5265337 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $30.50 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 2.10. 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 0.88, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.71. The Price to Book ratio for the last quarter was 2.36, with the Price to Cash per share for the same quarter was set at 2.86. Price to Free Cash Flow for HTZ in the course of the last twelve months was 2.31.
HTZ Stock Performance Analysis:
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 -7.74. With this latest performance, HTZ shares dropped by -18.87% in over the last four-week period, additionally sinking by -25.33% over the last 6 months – not to mention a drop of -39.40% 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 40.28, with the RSI for the last a single of trading hit 38.96, and the three-weeks RSI is set at 41.50 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 18.92, while it was recorded at 16.84 for the last single week of trading, and 19.84 for the last 200 days.
Insight into Hertz Global Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Hertz Global Holdings Inc. [HTZ] shares currently have an operating margin of +28.18 and a Gross Margin at +37.34. Hertz Global Holdings Inc.’s Net Margin is presently recorded at +4.99.
Return on Equity for this stock inclined to 24.13, with Return on Assets sitting at 2.00.
Hertz Global Holdings Inc. [HTZ] Insider Position Details
There are presently around $5,760 million, or 98.90% 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 0.20% of the total institutional ownership; VANGUARD GROUP INC, holding 17,757,882 shares of the stock with an approximate value of $287.86 million in HTZ stocks shares; and KING STREET CAPITAL MANAGEMENT, L.P., currently with $219.02 million in HTZ stock with ownership of nearly -12.826% of the company’s market capitalization.
Positions in Hertz Global Holdings Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 133 institutional holders increased their position in Hertz Global Holdings Inc. [NASDAQ:HTZ] by around 38,775,483 shares. Additionally, 105 investors decreased positions by around 39,778,315 shares, while 39 investors held positions by with 276,761,850 shares. The mentioned changes placed institutional holdings at 355,315,648 shares, according to the latest SEC report filing. HTZ stock had 74 new institutional investments in for a total of 9,461,194 shares, while 51 institutional investors sold positions of 14,844,700 shares during the same period.