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NASDAQ:HTZ

Hertz Global (HTZ) Stock Forecast, Price & News

$12.25
+0.02 (+0.16%)
(As of 09/29/2023 ET)
Compare
Today's Range
$12.17
▼
$12.46
50-Day Range
$12.01
▼
$18.26
52-Week Range
$11.90
▼
$20.48
Volume
3.62 million shs
Average Volume
3.17 million shs
Market Capitalization
$3.81 billion
P/E Ratio
5.17
Dividend Yield
N/A
Price Target
$22.57
ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media

Hertz Global MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
84.3% Upside
$22.57 Price Target
Short Interest
Healthy
12.14% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.88mentions of Hertz Global in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-16.38%
From $2.32 to $1.94 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Transportation Sector

60th out of 116 stocks

Automotive Rental & Leasing, Without Drivers Industry

2nd out of 4 stocks

See Top Rated MarketRank™ Stocks Here

HTZ stock logo

About Hertz Global (NASDAQ:HTZ) Stock

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.

HTZ Price History

HTZ Stock News Headlines

September 26, 2023 | finance.yahoo.com
Sportsman’s Warehouse Appoints Paul Stone as Chief Executive Officer and Announces Chair Transition
September 25, 2023 | finance.yahoo.com
Hertz Rides the Wave of ‘Revenge Travel’, While Options Volume Favours the Stock
September 29, 2023 | Behind the Markets (Ad)
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
September 14, 2023 | finance.yahoo.com
Hertz Global (HTZ) is in Search of New COO Post Paul Stone
September 13, 2023 | uk.finance.yahoo.com
HTZ - Hertz Global Holdings, Inc.
September 6, 2023 | benzinga.com
Tom Brady Doesn't Just Endorse Hertz Car Rentals, Turns Out He's Really A Customer: 'Tried To Tell You Guys...'
September 5, 2023 | seekingalpha.com
Hertz: EBITDA Growth In FY24 May Be The Upcoming Catalyst
September 1, 2023 | finance.yahoo.com
Why Is C.H. Robinson (CHRW) Down 7.9% Since Last Earnings Report?
September 29, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
August 29, 2023 | benzinga.com
Musk Responds To Hertz's Tesla Rental Practices After Customer Complains Of Missing Chargers
August 25, 2023 | msn.com
Hertz Global eyes expanding electric vehicle fleet into New York City through Revel deal
August 24, 2023 | msn.com
Hertz charges up to expand electric car fleet in NYC with Revel deal
July 29, 2023 | finanznachrichten.de
Hertz Global Holdings, Inc.: Hertz Names Alexandra Brooks as Chief Financial Officer
July 27, 2023 | msn.com
Why did Hertz Global stock fall today? A slight revenue miss rattled investors
July 27, 2023 | seekingalpha.com
Hertz Global Holdings, Inc. 2023 Q2 - Results - Earnings Call Presentation
July 27, 2023 | finance.yahoo.com
HERTZ REPORTS SECOND QUARTER 2023 RESULTS: REVENUE OF $2.4 BILLION, NET INCOME OF $139 MILLION AND ADJUSTED CORPORATE EBITDA OF $347 MILLION
July 26, 2023 | msn.com
Hertz promotes interim CFO Alexandra Brooks to permanent finance chief
July 26, 2023 | finance.yahoo.com
Hertz Names Alexandra Brooks as Chief Financial Officer
July 12, 2023 | seekingalpha.com
Hertz Global Stock: Worth A Cautious Buy Ahead Of Q2 Earnings
July 6, 2023 | finance.yahoo.com
Hertz Global Holdings Stock Shows Rising Relative Strength
July 5, 2023 | msn.com
Jefferies Initiates Coverage of Hertz Global Holdings Inc. (HTZ) with Buy Recommendation
July 5, 2023 | finance.yahoo.com
Hertz Global Holdings, Inc. to Announce Second Quarter 2023 Financial Results on July 27th
June 28, 2023 | theglobeandmail.com
Rising From the Ashes: Time to Take a Ride in Hertz Stock?
June 27, 2023 | finance.yahoo.com
Hertz Global Holdings Stock Shows Rising Relative Strength; Still Shy Of Key Threshold
June 20, 2023 | msn.com
Avis Budget rallies after landing bull rating from Morgan Stanley
June 4, 2023 | finance.yahoo.com
16 Rental Car Companies, Ranked from Worst to Best
May 23, 2023 | finance.yahoo.com
Hertz Global Holdings (NASDAQ:HTZ) Is Doing The Right Things To Multiply Its Share Price
See More Headlines
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HTZ Company Calendar

Last Earnings
7/27/2023
Today
9/29/2023
Next Earnings (Estimated)
10/26/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NASDAQ
Industry
Automotive rental & leasing, without drivers
Sub-Industry
Trucking
Sector
Transportation
Current Symbol
NASDAQ:HTZ
CUSIP
42805T10
CIK
1657853
Web
www.hertz.com
Phone
239-301-7000
Fax
N/A
Employees
25,000
Year Founded
1918

Price Target and Rating

Average Stock Price Forecast
$22.57
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$18.00
Forecasted Upside/Downside
+84.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$2.37
Trailing P/E Ratio
5.17
Forward P/E Ratio
5.28
P/E Growth
N/A
Net Income
$2.06 billion
Net Margins
11.40%
Pretax Margin
11.03%
Return on Equity
33.98%
Return on Assets
3.98%

Debt

Debt-to-Equity Ratio
5.84
Current Ratio
1.63
Quick Ratio
1.63

Sales & Book Value

Annual Sales
$8.69 billion
Price / Sales
0.44
Cash Flow
$7.96 per share
Price / Cash Flow
1.54
Book Value
$8.20 per share
Price / Book
1.50

Miscellaneous

Outstanding Shares
311,260,000
Free Float
310,977,000
Market Cap
$3.82 billion
Optionable
Optionable
Beta
2.04

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HTZ Stock - Frequently Asked Questions

Should I buy or sell Hertz Global stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hertz Global in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" HTZ shares.
View HTZ analyst ratings or view top-rated stocks.

What is Hertz Global's stock price forecast for 2023?

7 analysts have issued 1-year target prices for Hertz Global's stock. Their HTZ share price forecasts range from $18.00 to $28.00. On average, they predict the company's stock price to reach $22.57 in the next year. This suggests a possible upside of 84.1% from the stock's current price.
View analysts price targets for HTZ or view top-rated stocks among Wall Street analysts.

How have HTZ shares performed in 2023?

Hertz Global's stock was trading at $15.39 on January 1st, 2023. Since then, HTZ stock has decreased by 20.3% and is now trading at $12.26.
View the best growth stocks for 2023 here.

Are investors shorting Hertz Global?

Hertz Global saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 16,740,000 shares, a decrease of 6.2% from the August 31st total of 17,850,000 shares. Based on an average trading volume of 2,920,000 shares, the days-to-cover ratio is currently 5.7 days. Currently, 12.1% of the company's stock are sold short.
View Hertz Global's Short Interest.

When is Hertz Global's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our HTZ earnings forecast.

How were Hertz Global's earnings last quarter?

Hertz Global Holdings, Inc (NASDAQ:HTZ) posted its quarterly earnings data on Thursday, July, 27th. The transportation company reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.08. The transportation company earned $2.44 billion during the quarter, compared to the consensus estimate of $2.45 billion. Hertz Global had a net margin of 11.40% and a trailing twelve-month return on equity of 33.98%. Hertz Global's quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS.

What ETFs hold Hertz Global's stock?

ETFs with the largest weight of Hertz Global (NASDAQ:HTZ) stock in their portfolio include Future Fund Long/Short ETF (FFLS), SPDR S&P Transportation ETF (XTN), Global X Guru Index ETF (GURU), First Trust Consumer Discretionary AlphaDEX Fund (FXD), LeaderShares Activist Leaders ETF (ACTV), WisdomTree U.S. MidCap Fund (EZM), iShares U.S. Transportation ETF (IYT) and Renaissance IPO ETF (IPO).

When did Hertz Global's stock split?

Shares of Hertz Global reverse split on the morning of 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 closing bell 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.

When did Hertz Global IPO?

(HTZ) raised $1 billion in an initial public offering (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 served as the underwriters for the IPO and Guggenheim Securities was co-manager.

What is Hertz Global's stock symbol?

Hertz Global trades on the NASDAQ under the ticker symbol "HTZ."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Hertz Global's stock price today?

One share of HTZ stock can currently be purchased for approximately $12.26.

How much money does Hertz Global make?

Hertz Global (NASDAQ:HTZ) has a market capitalization of $3.82 billion and generates $8.69 billion in revenue each year. The transportation company earns $2.06 billion in net income (profit) each year or $2.37 on an earnings per share basis.

How many employees does Hertz Global have?

The company employs 25,000 workers across the globe.

Does Hertz Global have any subsidiaries?
The following companies are subsidiares of Hertz Global: 2232560 Ontario Inc., 2240919 Ontario Inc., 3216173 Nova Scotia Company, Ace Tourist Rentals (Aus) Pty Limited, Advantage Rent A Car, Apex Processing Limited, Automoti Group, CCL Vehicle Rentals, CMGC Canada Acquisition ULC, Cinelease Inc., DTG Canada Corp., DTG Operations Inc., DTG Supply LLC, DTGC Car Rental L.P., Daimler Hire Limited, Dan Ryan Car Rentals Limited, Dollar Car Rental, Dollar Rent A Car Inc., Dollar Thrifty Automotive Group Canada Inc., Dollar Thrifty Automotive Group Inc., Donlen, EILEO SAS, Executive Ventures Ltd., Firefly Rent A Car LLC, Forces, HA Fleet Pty Ltd., HA Lease Pty. Ltd., HC Limited Partnership, HCE Limited Partnership, HERTZ FLEET LIMITED, HERTZ LUXEMBOURG S.A.R.L., HIL2 LLC, HIRE (Bermuda) Limited, HVF II GP Corp., Hertz (U.K.) Limited, Hertz Accident Support Ltd., Hertz Aircraft LLC, Hertz Asia Pacific (Japan) Ltd., Hertz Asia Pacific Korea Ltd, Hertz Asia Pacific Pte. Ltd., Hertz Asia Pacific Pty. Ltd., Hertz Australia Pty. Limited, Hertz Automobielen Nederland B.V., Hertz Autopozicovna s.r.o., Hertz Autopujcovna s.r.o., Hertz Autovermietung GmbH, Hertz Belgium b.v.b.a., Hertz Canada (N.S.) Company, Hertz Canada Finance Co. Ltd. (In Quebec- Financement Hertz Canada Ltee.), Hertz Canada Limited, Hertz Canada Vehicles Partnership, Hertz Car Exchange Inc., Hertz Car Rental Consulting (Shanghai) Co. Ltd., Hertz Car Sales LLC, Hertz Claim Management B.V., Hertz Claim Management GmbH, Hertz Claim Management Limited, Hertz Claim Management S.r.l., Hertz Claim Management SAS, Hertz Claim Management SL, Hertz Claim Management bvba, Hertz Corporate Center Property Owners' Association Inc., Hertz Dealership One LLC, Hertz Do Brasil Ltda., Hertz Europe Holdings B.V., Hertz Europe Limited, Hertz Europe Service Centre Limited, Hertz Fleet (Italiana) SrL, Hertz Fleet Services LLC, Hertz France S.A.S., Hertz Funding Corp., Hertz General Interest LLC, Hertz Global Holdings Inc., Hertz Global Services Corporation, Hertz Holdings III UK Limited, Hertz Holdings Netherlands 2 B.V., Hertz International Ltd., Hertz International RE Limited, Hertz Investment (Holdings) Pty. Limited, Hertz Investments Ltd., Hertz Italiana Srl, Hertz Local Edition Corp., Hertz Local Edition Transporting Inc., Hertz Monaco S.A.M., Hertz NL Holdings Inc., Hertz New Zealand Holdings Limited, Hertz New Zealand Limited, Hertz Note Issuer Pty Limited, Hertz Puerto Rico Holdings Inc., Hertz Superannuation Pty. Ltd., Hertz System Inc., Hertz Technologies Inc., Hertz Transporting Inc., Hertz UK Receivables Limited, Hertz Vehicle Financing II LP, Hertz Vehicle Financing III LLC, Hertz Vehicle Financing LLC, Hertz Vehicle Financing U.K. Limited, Hertz Vehicle Interim Financing LLC, Hertz Vehicle Sales Corporation, Hertz Vehicles LLC, Hertz de Espana S.L., International Fleet Financing No. 2 B.V., Navigation Solutions L.L.C., Probus Insurance Company Europe DAC, Puerto Ricancars Inc., RAC Finance SAS, Rental Car Finance LLC, Rental Car Group Company LLC, Rental Car Intermediate Holdings LLC, SellerCo Corporation, SellerCo FSHCO Company, SellerCo Fleet Leasing Ltd., SellerCo Mobility Solutions Inc., Smartz Vehicle Rental Corporation, Stuurgroep Fleet (Netherlands) B.V., Stuurgroep Holland B.V., TCL Funding Limited Partnership, TRAC Asia Pacific Inc., The Hertz Corporation, Thrifty Car Sales Inc., Thrifty Insurance Agency Inc., Thrifty LLC, Thrifty Rent-A-Car System LLC, Tourism Enterprises Ltd, Van Wijk Beheer B.V., and Van Wijk European Car Rental Service B.V..
Read More
How can I contact Hertz Global?

Hertz Global's mailing address is 8501 WILLIAMS ROAD, ESTERO FL, 33928. The official website for the company is www.hertz.com. The transportation company can be reached via phone at 239-301-7000 or via email at investorrelations@hertz.com.

This page (NASDAQ:HTZ) was last updated on 9/29/2023 by MarketBeat.com Staff

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