Are Hertz Global Holdings Inc. (NASDAQ:HTZ) shares too expensive at this price?

In the latest session, Hertz Global Holdings Inc. (NASDAQ: HTZ) closed at 16.41 down -8.58% from its previous closing price of $17.95. In other words, the price has decreased by $-1.54 from its previous closing price. On the day, 8125719 shares were traded. HTZ reached its highest trading level at $18.01 during the session, while it also had its lowest trading level at $16.40.

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For a deeper understanding of Hertz Global Holdings Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.42. In the meantime, Its Debt-to-Equity ratio is 5.20 whereas as Long-Term Debt/Eq ratio is at 5.20.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Oppenheimer on January 13, 2022, initiated with a Outperform rating and assigned the stock a target price of $31.

On December 06, 2021, Morgan Stanley started tracking the stock assigning a Equal-Weight rating and target price of $27.Morgan Stanley initiated its Equal-Weight rating on December 06, 2021, with a $27 target price.

Valuation Measures:

As of this moment, Hertz’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.85, and their Forward P/E ratio for the next fiscal year is 5.90. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 2.39.

Stock Price History:

Over the past 52 weeks, HTZ has reached a high of $46.00, while it has fallen to a 52-week low of $15.00. The 50-Day Moving Average of the stock is 19.34, while the 200-Day Moving Average is calculated to be 20.27.

Shares Statistics:

For the past three months, HTZ has traded an average of 4.48M shares per day and 4.78M over the past ten days. A total of 398.00M shares are outstanding, with a floating share count of 356.73M. Insiders hold about 0.30% of the company’s shares, while institutions hold 98.90% stake in the company. Shares short for HTZ as of Jul 14, 2022 were 28.42M with a Short Ratio of 6.15, compared to 19.97M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 6.90% and a Short% of Float of 12.34%.

Earnings Estimates

There are 5 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.16 for the current quarter, with a high estimate of $1.54 and a low estimate of $0.79, while EPS last year was $1.2. The consensus estimate for the next quarter is $0.56, with high estimates of $0.74 and low estimates of $0.14.

Analysts are recommending an EPS of between $4.68 and $3.3 for the fiscal current year, implying an average EPS of $3.99. EPS for the following year is $2.57, with 5 analysts recommending between $2.87 and $2.18.

Revenue Estimates

A total of 4 analysts believe the company’s revenue will be $2.7B this quarter.It ranges from a high estimate of $2.97B to a low estimate of $2.44B. As of the current estimate, Hertz Global Holdings Inc.’s year-ago sales were $2.25B, an estimated increase of 19.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $2.16B, an increase of 10.70% less than the figure of $19.80% in the same quarter last year. There is a high estimate of $2.32B for the next quarter, whereas the lowest estimate is $1.94B.

A total of 5 analysts have provided revenue estimates for HTZ’s current fiscal year. The highest revenue estimate was $9.36B, while the lowest revenue estimate was $8.7B, resulting in an average revenue estimate of $9.06B. In the same quarter a year ago, actual revenue was $7.34B, up 23.50% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $9.35B in the next fiscal year. The high estimate is $10.14B and the low estimate is $9.03B. The average revenue growth estimate for next year is up 3.30% from the average revenue estimate for this year.