A breakdown of the latest mutual funds holding Hertz Global Holdings Inc. (HTZ)

Stocks of Hertz Global Holdings Inc. (NASDAQ:HTZ) traded higher last session on Wall Street, up 6.71% to $8.75.

According to the data, Hertz Global Holdings Inc. (NASDAQ:HTZ) has 7 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $10.00, we find $15.00. Given the previous closing price of $8.20, this indicates a potential upside of 82.93 percent. HTZ stock price is now -23.29% away from the 50-day moving average and -44.16% away from the 200-day moving average. The market capitalization of the company currently stands at $1.24B.

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A total of 3 analysts have issued a hold rating and 4 have given it a buy rating. Brokers who have rated the stock have averaged $14.17 as their price target over the next twelve months.

With the price target of $24, Jefferies recently initiated with Buy rating for Hertz Global Holdings Inc. (NASDAQ: HTZ).

In other news, Leef Eric, EVP, Chief HR Officer sold 1,946 shares of the company’s stock on May 08. The stock was sold for $31,584 at an average price of $16.23. Upon completion of the transaction, the EVP, Chief HR Officer now directly owns 55,723 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 09, EVP, Chief HR Officer Leef Eric sold 4,034 shares of the business’s stock. A total of $77,897 was realized by selling the stock at an average price of $19.31. This leaves the insider owning 40,809 shares of the company worth $0.36 million. Insiders disposed of 991,398 shares of company stock worth roughly $8.67 million over the past 1 year. A total of 2.93% of the company’s stock is owned by insiders.

Friday’s opening bell rang with an opening price of $8.33 for Hertz Global Holdings Inc. (NASDAQ: HTZ). During the past 12 months, Hertz Global Holdings Inc. has had a low of $8.12 and a high of $20.48. As of last week, the company has a debt-to-equity ratio of 5.34, a current ratio of 1.73, and a quick ratio of 1.73. The fifty day moving average price for HTZ is $11.26 and a two-hundred day moving average price translates $15.62 for the stock.

The latest earnings results from Hertz Global Holdings Inc. (NASDAQ: HTZ) was released for Sep, 2023. According to the Rental & Leasing Services Company, earnings per share came in at $0.7, missing analysts’ expectations of $0.76 by -0.06. This compares to $1.52 EPS in the same period last year. The net profit margin was 11.71% and return on equity was 35.12% for HTZ. The company reported revenue of $2.7 billion for the quarter, compared to $2.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.29 percent. For the current quarter, analysts expect HTZ to generate $2.2B in revenue.

Hertz Global Holdings Inc.(HTZ) Company Profile

Hertz Global Holdings, Inc. operates as a vehicle rental company. The company operates through two segments, Americas Rental Car and International Rental Car. It offers vehicle rental services under the Hertz, Dollar, and Thrifty brands from company-owned, licensee, and franchisee locations in the United States, Africa, Asia, Australia, Canada, the Caribbean, Europe, Latin America, the Middle East, and New Zealand. The company also sells vehicles; and operates the Firefly vehicle rental brand and Hertz 24/7 car sharing business in international markets. Hertz Global Holdings, Inc. was founded in 1918 and is headquartered in Estero, Florida.

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