Hertz Global Holdings Inc. (NASDAQ:HTZ)’s traded shares stood at 27.11 million during the last session. At the close of trading, the stock’s price was $15.38, to imply a decrease of -5.35% or -$0.87 in intraday trading. The HTZ share’s 52-week high remains $24.35, putting it -58.32% down since that peak but still an impressive 5.79% since price per share fell to its 52-week low of $14.49. The company has a valuation of $5.32B, with an average of 4.47 million shares in intraday trading volume over the past 10 days and average of 3.07 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Hertz Global Holdings Inc. (HTZ), translating to a mean rating of 2.30. Of 6 analyst(s) looking at the stock, 0 analyst(s) give HTZ a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.27.
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Hertz Global Holdings Inc. (NASDAQ:HTZ) trade information
After registering a -5.35% downside in the last session, Hertz Global Holdings Inc. (HTZ) has traded red over the past five days. The stock hit a weekly high of 17.70 this Friday, 03/17/23, dropping -5.35% in its intraday price action. The 5-day price performance for the stock is -10.63%, and -22.44% over 30 days. With these gigs, the year-to-date price performance is -0.06%. Short interest in Hertz Global Holdings Inc. (NASDAQ:HTZ) saw shorts transact 15.58 million shares and set a 6.73 days time to cover.
Analysts on Wall Street suggest a consensus price target of $23.00, implying an increase of 33.13% to the stock’s current value. The extremes give us $20.00 and $27.00 for target low and target high price respectively. As such, HTZ has been trading -75.55% off suggested target high and -30.04% from its likely low.
Hertz Global Holdings Inc. (HTZ) estimates and forecasts
Looking at statistics comparing Hertz Global Holdings Inc. share performance against respective industry, we note that the company has underperformed competitors. Hertz Global Holdings Inc. (HTZ) shares are -20.93% down over the last 6 months, with its year-to-date growth rate lower than industry average at -36.90% against -9.50%. Revenue is forecast to shrink -69.00% this quarter before falling -36.10% for the next one. The rating firms project that company’s revenue will grow 6.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is $2 billion. Meanwhile, for the quarter ending Jun 2023, a total of 5 analyst(s) estimate revenue growth to $2.43 billion.Earnings reports from the last fiscal year show that sales brought in $1.81 billion and $2.34 billion respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 10.60% before jumping 3.80% in the following quarter.
HTZ Dividends
Hertz Global Holdings Inc. has its next earnings report out between April 25 and May 01. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Hertz Global Holdings Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
