The price of Hertz Global Holdings Inc. (NASDAQ:HTZ) shares last traded on Wall Street fell -6.41% to $7.30.
HTZ stock price is now -6.30% away from the 50-day moving average and -37.11% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
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With the price target reduced from $8 to $7, Goldman Downgraded its rating from Neutral to Sell for Hertz Global Holdings Inc. (NASDAQ: HTZ). On March 19, 2024, BofA Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $9, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Leef Eric, EVP, Chief HR Officer sold 1,946 shares of the company’s stock on May 08 ’23. 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 $0.41 million. A total of 4.10% of the company’s stock is owned by insiders.
During the past 12 months, Hertz Global Holdings Inc. has had a low of $6.88 and a high of $19.36. As of last week, the company has a debt-to-equity ratio of 5.77, a current ratio of 1.82, and a quick ratio of 1.82. The fifty day moving average price for HTZ is $7.79 and a two-hundred day moving average price translates $11.61 for the stock.
The latest earnings results from Hertz Global Holdings Inc. (NASDAQ: HTZ) was released for Dec, 2023. According to the Rental & Leasing Services Company, earnings per share came in at -$1.36, missing analysts’ expectations of -$0.76 by -0.6. This compares to $0.45 EPS in the same period last year. The net profit margin was 6.57% and return on equity was 21.47% for HTZ. The company reported revenue of $2.18 billion for the quarter, compared to $2.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.32 percent. For the current quarter, analysts expect HTZ to generate $2.05B in revenue.
