Hertz Global Holdings Inc (NYSE:HTZ) shares traded -5.76% down during most recent session to reach at the closing price of $9.33. The stock exchanged hands 9.06 Million shares versus average trading capacity of 4.44 Million shares, yielding a market cap of $781.03 Million. Wall Street analysts covering the stock are projecting that the stock will reach $17.88 within the next 52-weeks. The mean target projections are based on 8 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Hertz Global Holdings Inc (NYSE:HTZ) high price target of $38 and with a conservative view have low price target of $9.
Credit Suisse “Downgrades” Hertz Global Holdings Inc (NYSE:HTZ) in a research note issued to investors on 2/17/17 to Underperform with price target of $0.
Additionally on 11/15/16 Morgan Stanley “Downgrades” Hertz Global Holdings Inc (NYSE:HTZ) to Equal-Weight setting price target at $30 and on 11/08/16 Northcoast Research “Downgrades” the stock to Neutral at $0. Furthermore on 11/08/16 Deutsche Bank “Downgrades” the stock to Hold at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 15.98 along with Average True Range (ATR 14) of 0.87, Consequently Hertz Global Holdings Inc (NYSE:HTZ)’s weekly and monthly volatility is 7.12%, 6.29% respectively. The company’s beta value is at 2.28.
In terms of Buy, Sell or Hold recommendations, Hertz Global Holdings Inc (NYSE:HTZ) has analysts’ mean recommendation of 2.9. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Hertz Global Holdings Inc (NYSE:HTZ)’s minimum EPS for the current quarter is at $-0.38 and can go high up to $0.45. The consensus mean EPS for the current quarter is at $0.03 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.41 earnings per share for the same quarter during last year.
Previously Hertz Global Holdings Inc (NYSE:HTZ) reported $-1.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.91 by $-0.7. The company posted an earnings surprise of -76.9%.
While considering growth estimates of the company, it has next quarter growth estimates of -1.3% whereas during current quarter it has -92.7% estimations over growth, comparing to the estimations of -193.9% during current year and 278.3% for next year. Past 5 years growth of Hertz Global Holdings Inc (NYSE:HTZ) observed at 12.87%, looking forward for the next 5 years it has a strong prediction of 61.47% over growth.
Hertz Global Holdings Inc (NYSE:HTZ)’s revenue estimates for the current quarter are $2.25 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $2.29 Billion in contradiction of low revenue estimates of $2.2 Billion. For the current year the company’s revenue estimates are $8.77 Billion compared to low analyst estimates of $8.65 Billion and high estimates of $8.89 Billion according to 9 number of analysts.
Currently Hertz Global Holdings Inc (NYSE:HTZ)’s shares owned by insiders are 0.2%, whereas shares owned by institutional owners are 0%. However the six-month change in the insider ownership was recorded -0.07%, as well as three-month change in the institutional ownership was recorded 0%.
Hertz Global Holdings Inc (NYSE:HTZ) 52-week high price stands at $53.14 and low price stands at $9.88, its price distance from 52-week high is -82.44% while its distance from 52-week low price is -5.57%. The stock hit its 52-week high on 07/27/16, and 52-week low on 05/18/17.
Hertz Global Holdings Inc (NYSE:HTZ)’s trailing twelve month revenues are $8.74 Billion, whereas its price to sales ratio for the same period is 0.09. Its book value per share for the most recent quarter is $11.06 while its price to book ratio for the same period is 0.84, as for as the company’s cash per share for the most recent quarter is $8.91, however its price to cash per share ratio for the same period is 1.05. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.
