Stick With Hertz Global Holdings Inc. (HTZ). The Bull Are Alive And Well

Currently, there are 305.18M common shares owned by the public and among those 137.10M shares have been available to trade.

The company’s stock has a 5-day price change of -12.37% and -28.32% over the past three months. HTZ shares are trading -74.78% year to date (YTD), with the 12-month market performance down to -83.63% lower. It has a 12-month low price of $2.69 and touched a high of $16.37 over the same period. HTZ has an average intraday trading volume of 7.18 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 -18.87%, -26.71%, and -58.05% respectively.

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

It has a market capitalization of $372.35M and a beta (3y monthly) value of 2.00. The earnings-per-share (ttm) stands at -$2.65. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.36% over the week and 6.64% over the month.

Analysts forecast that Hertz Global Holdings Inc. (HTZ) will achieve an EPS of -0.45 for the current quarter, -0.89 for the next quarter and -0.87 for current fiscal year. The lowest estimate earnings-per-share for the quarter is -0.8 while analysts give the company a high EPS estimate of -0.8. Comparatively, EPS for the current quarter was 0.7 a year ago. Earnings per share for the fiscal year are expected to decrease by -857.23%, and 83.44% 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 Underperform rating for the stock in a research note on April 26, 2024, with the firm’s price target at $9-$3. Goldman coverage for the Hertz Global Holdings Inc. (HTZ) stock in a research note released on April 04, 2024 offered a Sell rating with a price target of $7. BofA Securities was of a view on March 19, 2024 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on February 08, 2024, issuing a price target of $15- $10. JP Morgan on their part issued Neutral rating on January 25, 2024.

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