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Does Hertz Global Holdings Inc. (NASDAQ:HTZ) Look Expensive At $16.97? Here’s How To Know.

In recent trading session, Hertz Global Holdings Inc. (NASDAQ:HTZ) saw 1.23 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $16.97 trading at -$0.98 or -5.49% at last check today assigns it a market valuation of $6.78B. That most recent trading price of HTZ’s stock is at a discount of -171.07% from its 52-week high price of $46.00 and is indicating a premium of 11.61% from its 52-week low price of $15.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 4.41 million shares which gives us an average trading volume of 4.48 million if we extend that period to 3-months.

For Hertz Global Holdings Inc. (HTZ), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.10. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 3 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.16 in the current quarter.

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Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information

Upright in the red during last session for losing -5.49%, in the last five days HTZ remained trading in the red while hitting it’s week-highest on Friday, 09/16/22 when the stock touched $16.97 price level, adding 11.11% to its value on the day. Hertz Global Holdings Inc.’s shares saw a change of -28.17% in year-to-date performance and have moved -5.53% in past 5-day. Hertz Global Holdings Inc. (NASDAQ:HTZ) showed a performance of -7.81% in past 30-days. Number of shares sold short was 28.42 million shares which calculate 5.1 days to cover the short interests.

Hertz Global Holdings Inc. (HTZ) estimates and forecasts

Statistics highlight that Hertz Global Holdings Inc. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -18.19% of value to its shares in past 6 months, showing an annual growth rate of -1.37% while that of industry is 24.10. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to decrease by -3.30% in the current quarter and calculating -38.50% decrease in the next quarter. This year revenue growth is estimated to rise 23.50% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.7 billion for the same. And 4 analysts are in estimates of company making revenue of $2.16 billion in the next quarter that will end on Dec 2022. Company posted $2.25 billion and $1.95 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 19.80% while estimating it to be 10.70% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 44.10% during past 5 years.

HTZ Dividends

Hertz Global Holdings Inc. is more likely to be releasing its next quarterly report between October 26 and October 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Hertz Global Holdings Inc. (NASDAQ:HTZ)’s Major holders

Insiders are in possession of 1.00% of company’s total shares while institution are holding 99.16 percent of that, with stock having share float percentage of 100.16%. Investors also watch the number of corporate investors in a company very closely, which is 99.16% institutions for Hertz Global Holdings Inc. that are currently holding shares of the company. Knighthead Capital Management, Llc is the top institutional holder at HTZ for having 181.46 million shares of worth $4.02 billion. And as of Mar 30, 2022, it was holding 38.39% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 20.76 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 4.39% of outstanding shares, having a total worth of $459.77 million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 8.02 million shares of worth $177.63 million or 1.70% of the total outstanding shares. The later fund manager was in possession of 6.97 million shares on Mar 30, 2022, making its stake of worth around $154.31 million in the company or a holder of 1.47% of company’s stock.

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