Last Updated: 14 Sep 2024
Executive Summary
Hertz Global Holdings Inc. (HTZ) is a car rental company that has been struggling financially in recent years. The company's stock price has fallen significantly in the past year, and it is currently trading at $3.00 per share. Analysts are divided on the company's future prospects, with some believing that it will be able to turn around its business and others believing that it will continue to struggle.
Company Overview
Hertz Global Holdings Inc. is headquartered in Estero, Florida. The company operates a fleet of over 500,000 vehicles in more than 150 countries. Hertz offers a variety of rental options, including daily, weekly, and monthly rentals. The company also offers a variety of services, such as airport transfers, car sharing, and valet parking.
Fundamental Analysis
Hertz Global Holdings Inc.'s financial performance has been weak in recent years. The company has reported losses in each of the past three years. In 2023, the company reported a loss of $577 million on revenue of $9.3 billion. The company's profit margin was -8.26%, and its return on equity was -32.1%.
Hertz Global Holdings Inc.'s financial ratios are also weak. The company's price-to-sales ratio is 0.0898, and its price-to-book ratio is 0.427. These ratios indicate that the company is undervalued compared to its peers. However, the company's beta of 2.012 indicates that it is more volatile than the overall market.
Technical Analysis
Hertz Global Holdings Inc.'s stock price has been in a downtrend for the past year. The stock price is currently trading below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 30.00, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Hertz Global Holdings Inc. is uncertain. The company's financial performance is weak, and its stock price is in a downtrend. However, the stock's RSI is oversold, which indicates that it may be due for a rebound.
Long Term Outlook
The long-term outlook for Hertz Global Holdings Inc. is also uncertain. The company faces a number of challenges, including competition from ride-sharing companies and the rising cost of fuel. However, the company has a strong brand and a large fleet of vehicles. If the company can improve its financial performance, it may be able to turn around its business and generate long-term value for shareholders.
Analyst Recommendations
Analysts are divided on the company's future prospects. Some analysts believe that the company will be able to turn around its business and others believe that it will continue to struggle. The consensus analyst rating for the stock is "hold."
