There is no way Hertz Global Holdings Inc. (HTZ) can keep these numbers up

Hertz Global Holdings Inc. (NASDAQ: HTZ) stock jumped 4.74% on Thursday to $16.36 against a previous-day closing price of $15.62. With 3.38 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.73 million shares. During the session, the Rental & Leasing Services company that operates in wider Industrials sector, reached to the highest price of $16.37 whereas the lowest price it dropped to was $15.83. The 52-week range on HTZ shows that it touched its highest point at $20.48 and its lowest point at $14.49 during that stretch. It currently has a 1-year price target of $22.20. Beta for the stock currently stands at 2.06.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HTZ was up-trending over the past week, with a rise of 3.81%, but this was down by -6.51% over a month. Three-month performance dropped to -7.99% while six-month performance rose 2.25%. The stock lost -14.12% in the past year, while it has gained 6.30% so far this year. A look at the trailing 12-month EPS for HTZ yields 2.90 with Next year EPS estimates of 2.13. For the next quarter, that number is 0.96. This implies an EPS growth rate of -35.60% for this year and -11.59% for next year.

Float and Shares Shorts:

At present, 314.00 million HTZ shares are outstanding with a float of 306.50 million shares on hand for trading. On Aug 30, 2023, short shares totaled 17.85 million, which was 5.74% higher than short shares on Jul 30, 2023. In addition to Mr. Stephen M. Scherr as the firm’s CEO & Chairman, Mr. Paul E. Stone serves as its Pres & COO.

Institutional Ownership:

Other institutions hold 84.96% of HTZ, in contrast to 14.95% held by mutual funds. Shares owned by individuals account for 2.00%. As the largest shareholder in HTZ with 58.30% of the stake, Knighthead Capital Management LLC holds 181,455,469 shares worth 181,455,469. A second-largest stockholder of HTZ, The Vanguard Group, Inc., holds 12,598,883 shares, controlling over 4.05% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in HTZ, holding 12,054,868 shares or 3.87% stake. With a 1.63% stake in HTZ, the iShares Core S&P Mid Cap ETF is the largest stakeholder. A total of 5,059,491 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 1.29% of HTZ stock, is the second-largest Mutual Fund holder. It holds 4,017,934 shares valued at 67.7 million. Vanguard Small Cap Index Fund holds 1.05% of the stake in HTZ, owning 3,271,244 shares worth 55.12 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, HTZ reported revenue of $2.34B and operating income of $415.00M. The EBITDA in the recently reported quarter was $614.00M and diluted EPS was $1.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HTZ since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With HTZ analysts setting a high price target of $26.00 and a low target of $18.00, the average target price over the next 12 months is $22.17. Based on these targets, HTZ could surge 58.92% to reach the target high and rise by 10.02% to reach the target low. Reaching the average price target will result in a growth of 35.51% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded HTZ stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 2,720 shares were bought while 65,378 shares were sold. The number of buy transactions has increased to 18 while that of sell transactions has risen to 15 over the past year. The total number of shares bought during that period was 3,022,709 while 1,013,607 shares were sold.

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