Key Takeaways:
- Hertz Global Holdings (HTZ, Financial) is undertaking a mixed securities shelf filing as part of their fleet management strategy.
- Wall Street analysts have set an average price target, suggesting potential challenges ahead for the stock.
- GuruFocus estimates a substantial upside in the stock's value over the next year.
Hertz Global Holdings Inc. (HTZ) has recently submitted a filing for a mixed securities shelf, a strategic move to enhance their fleet rotation. This initiative aims to diminish vehicle depreciation to under $300 per unit by the second quarter of 2025, marking a significant step in optimizing their asset management.
Wall Street Analysts' Expectations
According to the latest insights from Wall Street, seven analysts have projected a one-year price target for Hertz Global Holdings Inc (HTZ, Financial), which averages at $3.74. The forecasts indicate a high estimate of $7.00 and a low of $2.70. This average target suggests a notable downside of 35.20% from the current price of $5.77. Investors seeking more in-depth analysis can explore the Hertz Global Holdings Inc (HTZ) Forecast page. In terms of brokerage firm recommendations, the consensus among ten firms places HTZ at an average recommendation rating of 3.4, indicating a "Hold" status on the rating scale that ranges from 1 (Strong Buy) to 5 (Sell).
Potential Upside According to GuruFocus Estimates
From the perspective of GuruFocus, the estimated GF Value for Hertz Global Holdings Inc (HTZ, Financial) in one year stands at $19.48. This valuation points to a promising upside of 237.9% from the current trading price of $5.765. The GF Value is calculated using historical trading multiples and incorporates both historical business growth and future performance forecasts. For further details, investors can visit the Hertz Global Holdings Inc (HTZ) Summary page.
