Is Hertz Global Holdings Inc. (NASDAQ: HTZ) Back In The Buying Zone?

Currently, there are 305.18M common shares owned by the public and among those 137.18M shares have been available to trade.

The company’s stock has a 5-day price change of 9.31% and -24.62% over the past three months. HTZ shares are trading -24.25% year to date (YTD), with the 12-month market performance down to -49.62% lower. It has a 12-month low price of $6.88 and touched a high of $19.36 over the same period. HTZ has an average intraday trading volume of 5.13 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.13%, -1.40%, and -35.02% respectively.

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Institutional ownership of Hertz Global Holdings Inc. (NASDAQ: HTZ) 305.18M shares outstanding.

It has a market capitalization of $1.12B and a beta (3y monthly) value of 2.00. The stock’s trailing 12-month PE ratio is 4.29, while the earnings-per-share (ttm) stands at $1.83. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.77% over the week and 4.70% over the month.

Analysts forecast that Hertz Global Holdings Inc. (HTZ) will achieve an EPS of -$0.36 for the current quarter, $0.12 for the next quarter and $0.88 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.71 while analysts give the company a high EPS estimate of -$0.05. Comparatively, EPS for the current quarter was $0.39 a year ago. Earnings per share for the fiscal year are expected to decrease by -8.42%, and 114.51% over the next financial year.

Looking at the support for the HTZ, a number of firms have released research notes about the stock. BofA Securities stated their Neutral rating for the stock in a research note on March 19, 2024, with the firm’s price target at $9. Morgan Stanley coverage for the Hertz Global Holdings Inc. (HTZ) stock in a research note released on February 08, 2024 offered a Equal-Weight rating with a price target of $10. JP Morgan was of a view on January 25, 2024 that the stock is Neutral, while Deutsche Bank gave the stock Hold rating on January 25, 2024, issuing a price target of $16- $9. Jefferies on their part issued Hold rating on January 19, 2024.

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