In yesterday’s Wall Street session, Hertz Global Holdings Inc. (NASDAQ:HTZ) shares traded at $4.77, up 7.92% from the previous session.
HTZ stock price is now -33.60% away from the 50-day moving average and -55.87% away from the 200-day moving average. The market capitalization of the company currently stands at $677.91M.
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With the price target reduced from $9 to $3, BofA Securities Downgraded its rating from Neutral to Underperform for Hertz Global Holdings Inc. (NASDAQ: HTZ). On April 04, 2024, Goldman Downgraded its previous ‘Neutral’ rating to ‘Sell’ on the stock reducing its target price from $8 to quote $7, while ‘BofA Securities’ rates the stock as ‘Neutral’
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 $0.27 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 $4.35 and a high of $19.36. As of last week, the company has a debt-to-equity ratio of 6.35, a current ratio of 1.33, and a quick ratio of 1.33.
According to the Rental & Leasing Services Company, earnings per share came in at 0.72, beating analysts’ expectations of 0.64 by 0.08. This compares to $0.61 EPS in the same period last year. The net profit margin was 2.49% and return on equity was 8.38% for HTZ. The company reported revenue of $2.08 billion for the quarter, compared to $2.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.61 percent. For the current quarter, analysts expect HTZ to generate $2.46B in revenue.
