In the latest trading session,, 1.68 million Hertz Global Holdings Inc (NASDAQ:HTZ) shares changed hands as the company’s beta touched 2.18. With the company’s most recent per share price at $6.76 changed hands at -$0.31 or -4.33% at last look, the market valuation stands at $2.09B. HTZ’s current price is a discount, trading about -38.91% off its 52-week high of $9.39. The share price had its 52-week low at $2.47, which suggests the last value was 63.46% up since then. When we look at Hertz Global Holdings Inc’s average trading volume, we note the 10-day average is 8.22 million shares, with the 3-month average coming to 17.72 million.
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 (NASDAQ:HTZ) trade information
Instantly HTZ was in red as seen in intraday trades today. With action 5.36%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 94.37%, with the 5-day performance at 5.36% in the green. However, in the 30-day time frame, Hertz Global Holdings Inc (NASDAQ:HTZ) is 0.96% up. Looking at the short shares, we see there were 56.12 million shares sold at short interest cover period of 6.14 days.
The consensus price target for the stock as assigned by Wall Street analysts is 5.5, meaning bulls need a downside of -22.91% from its recent market value. According to analyst projections, HTZ’s forecast low is 5 with 6 as the target high. To hit the forecast high, the stock’s price needs a 11.24% surge from its current level, while the stock would need to tank 26.04% for it to hit the projected low.
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 67.78%, but the outlook for the next 5-year period is at 73.71% per year.
HTZ Dividends
Hertz Global Holdings Inc is expected to release its next quarterly earnings report on 2025-May-12.
Hertz Global Holdings Inc (NASDAQ:HTZ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 2.11% of Hertz Global Holdings Inc shares while 103.48% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 105.71%. There are 103.48% institutions holding the Hertz Global Holdings Inc stock share, with KNIGHTHEAD CAPITAL MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 59.2992% of the shares, roughly 181.46 million HTZ shares worth $640.54 million.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.7075% or 20.53 million shares worth $72.45 million as of 2024-06-30.
