Hertz Global Holdings Inc. [NASDAQ: HTZ] price plunged by -1.54 percent to reach at -$0.05.
The one-year HTZ stock forecast points to a potential upside of 22.0. The average equity rating for HTZ stock is currently 3.50, trading closer to a bullish pattern in the stock market.
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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 $4.09 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 3.50. 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.
Barclays have made an estimate for Hertz Global Holdings Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on September 19, 2024. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $9 to $3. The new note on the price target was released on April 26, 2024, representing the official price target for Hertz Global Holdings Inc. stock. Previously, the target price had yet another drop from $8 to $7, while Goldman kept a Sell rating on HTZ stock.
The Average True Range (ATR) for Hertz Global Holdings Inc. is set at 0.24, with the Price to Sales ratio for HTZ stock in the period of the last 12 months amounting to 0.05. The Price to Book ratio for the last quarter was 0.50, with the Price to Cash per share for the same quarter was set at 6.99.
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 0.00. With this latest performance, HTZ shares gained by 9.25% in over the last four-week period, additionally sinking by -56.00% over the last 6 months – not to mention a drop of -70.52% 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 47.46, with the RSI for the last a single of trading hit 46.21, and the three-weeks RSI is set at 47.20 for Hertz Global Holdings Inc. [HTZ]. The present Moving Average for the last 50 days of trading for this stock 3.36, while it was recorded at 3.26 for the last single week of trading, and 5.73 for the last 200 days.
Insight into Hertz Global Holdings Inc. Fundamentals:
Hertz Global Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.41 and a Current Ratio set at 1.41.
Hertz Global Holdings Inc. [HTZ] Institutonal Ownership Details
There are presently around $98.86%, or 101.62%% 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 181.46 million shares, which is approximately 59.4936%. BLACKROCK INC., holding 20.53 million shares of the stock with an approximate value of $$72.45 million in HTZ stocks shares; and BLACKROCK INC., currently with $$48.39 million in HTZ stock with ownership which is approximately 4.4943%.
