Hertz Global Holdings Inc. [NASDAQ: HTZ] gained 4.66% on the last trading session, reaching $4.04 price per share at the time.
If compared to the average trading volume of 9.28M shares, HTZ reached a trading volume of 9473585 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $4.93 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 3.33. 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.
BofA Securities have made an estimate for Hertz Global Holdings Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on April 26, 2024. While these analysts kept the previous recommendation, Goldman dropped their target price from $8 to $7. The new note on the price target was released on April 04, 2024, representing the official price target for Hertz Global Holdings Inc. stock. Previously, the target price had yet another raise to $9, while BofA Securities analysts kept a Neutral rating on HTZ stock. On February 08, 2024, analysts decreased their price target for HTZ shares from 15 to 10.
The Average True Range (ATR) for Hertz Global Holdings Inc. is set at 0.32, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.06. The Price to Book ratio for the last quarter was 0.44, with the Price to Cash per share for the same quarter was set at 6.65.
Trading performance analysis for HTZ stock
Hertz Global Holdings Inc. [HTZ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.99. With this latest performance, HTZ shares gained by 17.10% in over the last four-week period, additionally sinking by -56.79% over the last 6 months – not to mention a drop of -78.35% 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 54.88, with the RSI for the last a single of trading hit 62.90, and the three-weeks RSI is set at 49.59 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 4.23, while it was recorded at 3.65 for the last single week of trading, and 7.55 for the last 200 days.
Hertz Global Holdings Inc. [HTZ]: A deeper dive into fundamental analysis
Hertz Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.33 and a Current Ratio set at 1.33.
An analysis of Institutional ownership at Hertz Global Holdings Inc. [HTZ]
The top three institutional holders of HTZ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HTZ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HTZ stock with ownership which is approximately 5.1238%.
