4 Analysts Have This To Say About Hertz Global Holdings
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed ratings for Hertz Global Holdings (NASDAQ:HTZ) with 2 somewhat bullish and 2 indifferent ratings. The average 12-month price target is $14.00, with a high of $16.00 and a low of $10.00, marking a 19.22% decrease from the previous average. Adam Jonas of Morgan Stanley lowered his rating and price target, while Lizzie Dove of Goldman Sachs announced a neutral rating with a $10.00 price target. Hertz's financials show strong revenue growth, net margin, ROE, and ROA, but a high debt-to-equity ratio.
January 18, 2024 | 12:00 pm
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Hertz Global Holdings received mixed analyst ratings and a lowered average price target, indicating potential uncertainty in its short-term stock performance.
The mixed analyst ratings and reduced price target suggest a neutral short-term impact on Hertz's stock price. While the company's strong financial performance could be a positive signal, the high debt-to-equity ratio and lowered price targets may raise concerns among investors, potentially leading to a neutral or cautious market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100