Decoding 4 Analyst Evaluations For Hertz Global Holdings
Portfolio Pulse from Benzinga Insights
Hertz Global Holdings (NASDAQ:HTZ) has received mixed analyst evaluations over the past three months, with ratings ranging from indifferent to somewhat bearish. The average 12-month price target has decreased by 24.96% to $4.75. Analysts from Barclays, Morgan Stanley, Susquehanna, and JP Morgan have adjusted their ratings and price targets, reflecting challenges in Hertz's financial performance, including declining revenue, low net margin, and high debt-to-equity ratio.
October 21, 2024 | 9:01 pm
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Hertz Global Holdings has received mixed analyst ratings, with a decrease in the average 12-month price target to $4.75, down 24.96%. Analysts have adjusted their ratings due to Hertz's financial challenges, including declining revenue and high debt levels.
The decrease in the average price target and the mixed analyst ratings indicate a negative sentiment towards Hertz's stock. The company's financial challenges, such as declining revenue and high debt, contribute to this outlook. Analysts from major firms have lowered their ratings and price targets, suggesting a bearish short-term impact on the stock price.
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