During the recent session, Hertz Global Holdings Inc. (NASDAQ:HTZ)’s traded shares were 1.37 million. At the last check today, the stock’s price was $17.58, reflecting an intraday gain of 1.94% or $0.33. The 52-week high for the HTZ share is $46.00, that puts it down -161.66 from that peak though still a striking 19.51% gain since the share price plummeted to a 52-week low of $14.15. The company’s market capitalization is $6.93B, and the average trade volume was 4.99 million shares over the past three months.
Hertz Global Holdings Inc. (HTZ) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.20. HTZ has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $1.15.
Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information
Hertz Global Holdings Inc. (HTZ) registered a 1.94% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 1.94% in intraday trading to $17.58 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 0.06%, and it has moved by -6.50% in 30 days.
The consensus price target of analysts on Wall Street is $28.17, which implies an increase of 37.59% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $23.00 and $36.00 respectively. As a result, HTZ is trading at a discount of -104.78% off the target high and -30.83% off the low.
Hertz Global Holdings Inc. (HTZ) estimates and forecasts
Statistics show that Hertz Global Holdings Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Hertz Global Holdings Inc. (HTZ) shares have gone down -17.39% during the last six months, with a year-to-date growth rate less than the industry average at -15.95% against 17.10. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -54.90% this quarter and then drop -14.20% in the quarter after that. In the rating firms’ projections, revenue will increase 26.60% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.41 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $2.77 billion by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.75 billion and $2.25 billion respectively. In this case, analysts expect current quarter sales to grow by 37.80% and then jump by 22.80% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 44.10%. While earnings are projected to return 97.70% in 2022.
Hertz Global Holdings Inc. is due to release its next quarterly earnings between February 24 and February 28. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Hertz Global Holdings Inc. (NASDAQ:HTZ)’s Major holders
Hertz Global Holdings Inc. insiders own 0.80% of total outstanding shares while institutional holders control 89.83%, with the float percentage being 90.56%. Knighthead Capital Management, Llc is the largest shareholder of the company, while 222 institutions own stock in it. As of Dec 30, 2021, the company held over 181.46 million shares (or 38.39% of all shares), a total value of $4.53 billion in shares.
The next largest institutional holding, with 14.79 million shares, is of Oaktree Capital Management Lp’s that is approximately 3.13% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $369.73 million.
Also, the Mutual Funds coming in first place with the largest holdings of Hertz Global Holdings Inc. (HTZ) shares are Fidelity Blue Chip Growth Fund and TIAA-CREF Funds-Mid-Cap Growth Fund. Data provided on Feb 27, 2022 indicates that Fidelity Blue Chip Growth Fund owns about 3.08 million shares. This amounts to just over 0.65 percent of the company’s overall shares, with a $62.52 million market value. The same data shows that the other fund manager holds slightly less at 0.78 million, or about 0.17% of the stock, which is worth about $15.07 million.