In the latest trading session, 1.11 million Hertz Global Holdings Inc (NASDAQ:HTZ) shares changed hands as the company’s beta touched 2.45. With the company’s most recent per share price at $4.08 changed hands at -$0.16 or -3.67% at last look, the market valuation stands at $1.25B. HTZ’s current price is a discount, trading about -100.98% off its 52-week high of $8.20. The share price had its 52-week low at $2.47, which suggests the last value was 39.46% up since then.
Analysts gave the Hertz Global Holdings Inc (HTZ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.70. If we narrow down to specifics, the data shows that 1 out of 7 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended HTZ as a Hold, 3 felt it is a Buy and 0 rated the stock as Underweight. Hertz Global Holdings Inc’s EPS for the current quarter is expected to be -0.92.
Hertz Global Holdings Inc (NASDAQ:HTZ) trade information
Instantly HTZ was in red as seen in intraday trades today. With action -9.03%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 11.60%, with the 5-day performance at -9.03% in the red. However, in the 30-day time frame, Hertz Global Holdings Inc (NASDAQ:HTZ) is -2.29% down.
The consensus price target for the stock as assigned by Wall Street analysts is 7, meaning bulls need an upside of 41.71% from its recent market value. According to analyst projections, HTZ’s forecast low is 4 with 34 as the target high. To hit the forecast high, the stock’s price needs a -733.33% plunge from its current level, while the stock would need to tank 1.96% for it to hit the projected low.
Hertz Global Holdings Inc (HTZ) estimates and forecasts
Year-over-year growth is forecast to reach 1.66% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 2.01B. 6 analysts are of the opinion that Hertz Global Holdings Inc’s revenue for the current quarter will be 2.37B. The company’s revenue for the corresponding quarters a year ago was 2.08B and 2.35B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -3.50%. The estimates for the next quarter sales put growth at 0.72%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -79.95%. The 2025 estimates are for Hertz Global Holdings Inc earnings to increase by 73.92%, but the outlook for the next 5-year period is at 74.40% per year.
Hertz Global Holdings Inc (NASDAQ:HTZ)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7295% or 20.53 million shares worth $72.45 million as of 2024-06-30.
Among Mutual Funds, the top two as of Nov 30, 2024 were iShares Core S&P Smallcap ETF and Invesco ETF Tr II-Invesco S&P Smallcap 600 Revenue ETF. With 7.88 shares estimated at $32.28 million under it, the former controlled 1.67% of total outstanding shares. On the other hand, Invesco ETF Tr II-Invesco S&P Smallcap 600 Revenue ETF held about 0.83% of the shares, roughly 3.9 shares worth around $15.99 million.
