Hertz Global Shares Surpass Analyst Target Price of $3.33
Recently, shares of Hertz Global Holdings Inc (Symbol: HTZ) have surpassed the average analyst 12-month target price of $3.33, trading at $3.45 per share. When a stock reaches an analyst’s target, the analyst typically has two options: they can downgrade the stock due to valuation concerns or raise their target price if the company’s outlook appears positive. Additionally, reactions may vary based on substantial business developments that contribute to the stock’s price movement.
Understanding Analyst Targets for Hertz
Within the Zacks coverage universe, seven different analyst targets contribute to the average for Hertz Global Holdings Inc. While the average presents a mathematical mean, there is variability among the ratings. Some analysts predict lower prices, with one suggesting a target of $3.00, while another sets a higher target at $4.00. The standard deviation between these ratings is $0.471.
The average HTZ price target serves as a reflection of collective analyst opinions, leveraging diverse insights rather than relying on a single expert’s view. With HTZ trading above the average target price of $3.33, investors have a crucial opportunity to evaluate whether this level is simply a milestone on the way to higher projections or if it signals a time to reconsider their investment strategy, potentially taking profits. Below is a table summarizing the current perspectives from analysts covering Hertz Global Holdings Inc:
| Recent HTZ Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 6 | 6 | 6 | 6 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 3 | 3 | 3 | 3 |
| Average rating: | 3.7 | 3.7 | 3.7 | 3.7 |
The average rating in the table utilizes a scale from 1 to 5, where 1 signifies a Strong Buy and 5 indicates a Strong Sell. Data provided by Zacks Investment Research via Quandl.com was utilized in this report.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
