Hertz Global Holdings Inc [NASDAQ: HTZ] surged by $0.07 during the normal trading session on Wednesday and reaching a high of $7.205 during the day while it closed the day at $7.13.
Hertz Global Holdings Inc stock has also gained 1.13% of its value over the past 7 days. However, HTZ stock has inclined by 80.96% in the 3 months of the year. Over the past six months meanwhile, it has gained 86.16% and gained 95.88% year-on date.
The market cap for HTZ stock reached $2.21 billion, with 307.98 million shares outstanding and 296.84 million shares in the current float. Compared to the average trading volume of 17.47M shares, HTZ reached a trading volume of 4182010 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $3.81 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 3.70. 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.
JP Morgan have made an estimate for Hertz Global Holdings Inc shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on October 21, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Underweight. The new note on the price target was released on September 19, 2024, representing the official price target for Hertz Global Holdings Inc stock. Previously, the target price had yet another drop from $9 to $3, while BofA Securities kept a Underperform rating on HTZ stock. On April 04, 2024, analysts decreased their price target for HTZ shares from 8 to 7.
HTZ stock trade performance evaluation
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 1.13. With this latest performance, HTZ shares gained by 17.66% in over the last four-week period, additionally plugging by 86.16% over the last 6 months – not to mention a rise of 94.81% in the past year of trading.
Hertz Global Holdings Inc [HTZ]: An insightful look at the core 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 -6.46% and a Gross Margin at 3.72%. Hertz Global Holdings Inc’s Net Margin is presently recorded at -35.52%.
Return on Equity for this stock declined to -13.46%, with Return on Assets sitting at -13.46%.
Earnings per share (EPS) analysis for Hertz Global Holdings Inc [HTZ] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HTZ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Hertz Global Holdings Inc go to 73.71%.
Hertz Global Holdings Inc [HTZ]: Institutional Ownership
There are presently around $103.48%, or 105.71% 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 59.2992%. 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 4.4796%.
