Hertz Global (HTZ) Stock Price, News & Analysis

Company Overview

The Hertz Corporation, a subsidiary of Hertz Global Holdings, Inc., operates the Hertz, Dollar and Thrifty vehicle rental brands in approximately 9,700 corporate and franchisee locations throughout North America, Europe, The Caribbean, Latin America, Africa, the Middle East, Asia, Australia, and New Zealand. The Hertz Corporation is one of the largest worldwide airport general use vehicle rental companies.

Key Stats

• Today's Range: $3.53 to $3.98
• 50-Day Range: $2.73 to $4.16
• 52-Week Range: $2.47 to $10.82
• Volume: 8.71 million shs
• Average Volume: 6.52 million shs
• Market Capitalization: $1.12 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.81
• Consensus Rating: Reduce

Hertz Global Stock Analysis - MarketRank™

Hertz Global scored higher than 27% of companies evaluated by MarketBeat, and ranked 112th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Hertz Global has received a consensus rating of Reduce. The company's average rating score is 1.56, and is based on no buy ratings, 5 hold ratings, and 4 sell ratings.

Amount of Analyst Coverage

Hertz Global has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Hertz Global are expected to grow in the coming year, from ($4.09) to ($0.80) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Hertz Global is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hertz Global is -0.41, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Hertz Global has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

31.39% of the float of Hertz Global has been sold short.

Short Interest Ratio / Days to Cover

Hertz Global has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in Hertz Global has recently increased by 16.29%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Hertz Global does not currently pay a dividend.

Dividend Growth

Hertz Global does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

31.39% of the float of Hertz Global has been sold short.

Short Interest Ratio / Days to Cover

Hertz Global has a short interest ratio ("days to cover") of 8.5.

Change versus previous month

Short interest in Hertz Global has recently increased by 16.29%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: N/A

News Coverage This Week

MarketBeat has tracked 1 news article for Hertz Global this week, compared to 5 articles on an average week.

Search Interest

12 people have searched for HTZ on MarketBeat in the last 30 days. This is an increase of 300% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hertz Global insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.85% of the stock of Hertz Global is held by insiders.

Percentage Held by Institutions

99.22% of the stock of Hertz Global is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HTZ Stock Analysis - Frequently Asked Questions

How have HTZ shares performed this year?

Hertz Global's stock was trading at $10.39 at the beginning of 2024. Since then, HTZ stock has decreased by 64.8% and is now trading at $3.66.
View the best growth stocks for 2024 here.

How were Hertz Global's earnings last quarter?

Hertz Global Holdings, Inc (NASDAQ:HTZ) posted its earnings results on Tuesday, November, 12th. The transportation company reported ($0.68) EPS for the quarter, missing the consensus estimate of ($0.50) by $0.18. The company's revenue for the quarter was down 4.7% on a year-over-year basis.

When did Hertz Global's stock split?

Hertz Global shares reverse split on Friday, July 1st 2016. The 1-5 reverse split was announced on Monday, June 6th 2016. The number of shares owned by shareholders was adjusted after the market closes on Thursday, June 30th 2016. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Does Hertz Global have any subsidiaries?

The following companies are subsidiaries of Hertz Global: CCL Vehicle Rentals, Dollar Car Rental, Cinelease Inc., Donlen, Forces, Automoti Group, Advantage Rent A Car, and more.

When did Hertz Global IPO?

Hertz Global (HTZ) raised $1 billion in an IPO on Tuesday, November 9th 2021. The company issued 37,100,000 shares at $25.00-$29.00 per share. Goldman Sachs, J.P. Morgan, Morgan Stanley, Barclays and Deutsche Bank Securities acted as the underwriters for the IPO and Guggenheim Securities was co-manager.

Who are Hertz Global's major shareholders?

Hertz Global's top institutional shareholders include State Street Corp (1.85%), Geode Capital Management LLC (1.03%), Charles Schwab Investment Management Inc. (0.65%) and Verition Fund Management LLC (0.28%). Insiders that own company stock include W Gilbert West and Eric Leef.
View institutional ownership trends.

How do I buy shares of Hertz Global?

Shares of HTZ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Hertz Global own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hertz Global investors own include Scilex (SCLX), Rigetti Computing (RGTI), Tesla (TSLA), Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 11/12/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Automotive rental & leasing, without drivers
• Sub-Industry: Trucking
• Current Symbol: NASDAQ:HTZ
• CUSIP: 42805T10
• CIK: 1657853
• Web: www.hertz.com
• Phone: 239-301-7000
• Fax: N/A
• Employees: 27,000
• Year Founded: 1918

Price Target and Rating

• Average Stock Price Target: $4.81
• High Stock Price Target: $8.00
• Low Stock Price Target: $2.50
• Potential Upside/Downside: +31.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.56
• Research Coverage: 9 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($8.91)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $616 million
• Net Margins: -29.71%
• Pretax Margin: -34.45%
• Return on Equity: -68.27%
• Return on Assets: -6.01%

Debt

• Debt-to-Equity Ratio: 24.90
• Current Ratio: 1.57
• Quick Ratio: 1.57

Sales & Book Value

• Annual Sales: $9.19 billion
• Price / Sales: 0.12
• Cash Flow: $8.32 per share
• Price / Cash Flow: 0.44
• Book Value: $10.05 per share
• Price / Book: 0.36

Miscellaneous

• Outstanding Shares: 306,690,000
• Free Float: 304,083,000
• Market Cap: $1.12 billion
• Optionable: Optionable
• Beta: 2.03