Hertz Global Holdings Inc. (NASDAQ:HTZ) currently has a daily average trading volume of 3.74M but it saw 3393846 shares traded on Wednesday. With a market cap of 5.09B USD, stock’s current market price of $15.82 came falling about -2.41 while comparing to the previous closing price of $16.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.46 and as low as $14.49. In the recent trading on the day, stock has struck highest price mark of $16.08 while lowest mark touched by it was $15.485.
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Taking a look at 20-day trading activity of Hertz Global Holdings Inc. (HTZ) gives us an average price of $16.11, while its current price level is -29.56% below from 52-week high level whereas it is 9.18% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $15.85 while that of 200 days or SMA-200 reads an average of $17.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.36% during that period while stretching the period over a month that decreases to 3.35%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.39 which implies that the stock is in neutral territory.
Hertz Global Holdings Inc. (HTZ)’s stock is currently under the radar of 6 analysts who are in consensus at a 12-month price target range of between $19.00 and $27.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $19.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $27.00. Average price target assigned by them is $22.80 which highlights an upside potential of 30.61% for the stock over that period. And to attain the median price target of $23.00 assigned by those analysts, stock has to add about 31.22% of value to its current levels.
Data by FactSet Research shows that 6 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 3 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, HTZ’s stock price is moving -3.24% down while it is 4.22% when we observe its performance for the past one month. Year-to-date it is 2.79% up and over the past year, the stock is showing a downside performance of -19.29%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.39 beat the consensus estimate of $0.21 for the same. The company is expected to be releasing its next quarterly report in 08/07/2023, for which analysts forecasted an EPS of $0.66 while estimate for next year EPS is $2.53. For HTZ, analysts are forecasting an EPS-growth rate of -32.40% for current year and estimate for EPS growth in next year is -11.50%. In next quarter, company is expected to be making quarterly sales of $2.69 billion as analysts are expecting the sales for current fiscal year at $9.34 billion and seeing the company making $9.63 billion in sales next year. Moreover, analysts are in estimates of $2.44 billion for current-quarter revenue.
Currently, Hertz Global Holdings Inc.’s total number of outstanding shares is 321.00M with 0.46% of that held by the insiders while 100.46% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 13.90% and return on equity (ROE) at 67.10%. It has a price to earnings ratio (P/E ratio) of 3.38 while having a 7.05 of forward P/E ratio. Stock has a price to book (P/B) ratio of 1.83 while price to sale or P/S ratio amounts to 0.57. Its return on asset (ROA) is 8.10% on average.
A filing at the U.S. Securities and Exchange Commission revealed that iShares Core S&P Mid Cap ETF came shrinking its share ownership by 0.29% in the Hertz Global Holdings Inc. (HTZ) increasing its stake to 1.56% with control over 14568.0 shares in the company. As per SEC documents, iShares Core S&P Mid Cap ETF sought 5,030,407 of company’s common stock of worth $83.91 million as per recent closing price of the stock. iShares Core S&P Mid Cap ETF is not the only institutional holder which restructured its stake in Hertz Global Holdings Inc., as Vanguard Total Stock Market ETF picked 4,015,673 shares of worth $66.98 million to bring its holdings to a total of 46952.0 shares. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.37 million or 1.05% of the company’s stake having worth of about 56.28 million.
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