Hertz Global Holdings Inc (NYSE:HTZ) shares traded -7.87% down during most recent session to reach at the closing price of $17.22. The stock exchanged hands 16.87 Million shares versus average trading capacity of 10.1 Million shares, yielding a market cap of $1.56 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $17.13 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.
Deutsche Bank “Maintained” Hertz Global Holdings Inc (NYSE:HTZ) in a research note issued to investors on 8/09/17 to Hold with price target of $14.
Additionally on 8/04/17 JP Morgan “Initiates Coverage On” Hertz Global Holdings Inc (NYSE:HTZ) to Neutral setting price target at $15 and on 7/31/17 Barclays “Downgrades” the stock to Underweight at $0. Furthermore on 2/17/17 Credit Suisse “Downgrades” the stock to Underperform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 52.96 along with Average True Range (ATR 14) of 1.44, Consequently Hertz Global Holdings Inc (NYSE:HTZ)’s weekly and monthly volatility is 6.77%, 9.43% respectively. The company’s beta value is at 2.05.
In terms of Buy, Sell or Hold recommendations, Hertz Global Holdings Inc (NYSE:HTZ) has analysts’ mean recommendation of 3. 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 $1.01 and can go high up to $1.69. The consensus mean EPS for the current quarter is at $1.29 derived from a total of 10 estimates from the analysts who have weighed in on projected earnings. However the company reported $1.58 earnings per share for the same quarter during last year.
Previously Hertz Global Holdings Inc (NYSE:HTZ) reported $-0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.21 by $-0.42. The company posted an earnings surprise of -200%.
Hertz Global Holdings Inc (NYSE:HTZ)’s revenue estimates for the current quarter are $2.55 Billion according to 8 number of analysts, for the current quarter the company has high revenue estimates of $2.65 Billion in contradiction of low revenue estimates of $2.5 Billion. For the current year the company’s revenue estimates are $8.72 Billion compared to low analyst estimates of $8.6 Billion and high estimates of $8.87 Billion according to 10 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%, 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 $52.08 and low price stands at $8.52, its price distance from 52-week high is -66.94% while its distance from 52-week low price is 102.11%. The stock hit its 52-week high on 09/08/16, and 52-week low on 06/21/17.
Hertz Global Holdings Inc (NYSE:HTZ)’s trailing twelve month revenues are $8.69 Billion, whereas its price to sales ratio for the same period is 0.18. Its book value per share for the most recent quarter is $9.11 while its price to book ratio for the same period is 1.89, as for as the company’s cash per share for the most recent quarter is $12.56, however its price to cash per share ratio for the same period is 1.37. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.