Shares of Hertz Global Holdings Inc (Symbol: HTZ) recently traded at $3.50, surpassing the average analyst’s 12-month target price of $3.49. When a stock reaches its target, analysts typically have two choices: downgrade the stock’s valuation or raise their target price. Their decisions often hinge on recent business developments that may have propelled the stock higher. If the company shows positive signs, it could indicate that it’s time to revise the target upwards.
Within the Zacks coverage universe, there are seven different analyst targets for Hertz Global Holdings Inc contributing to the average. This average represents a mathematical mean, encompassing various opinions. Some analysts set lower targets, with one predicting a price of $3.00, while another has set the bar much higher at $4.45. The calculated standard deviation among these targets is $0.632.
The rationale behind examining the average HTZ price target lies in the “wisdom of crowds” approach. It combines the insights from multiple analysts rather than relying on a single expert opinion. With HTZ’s recent performance above the average target price of $3.49/share, investors face a pivotal question: is this merely a stepping stone to an even higher price, or has the stock’s valuation become too high, prompting a reconsideration of their investment strategy? Below is a summary of current analyst perspectives regarding Hertz Global Holdings Inc.
| Recent HTZ Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 6 | 6 | 6 | 7 |
| Sell ratings: | 1 | 1 | 1 | 1 |
| Strong sell ratings: | 3 | 3 | 3 | 2 |
| Average rating: | 3.7 | 3.7 | 3.7 | 3.5 |
The average rating noted in the table ranges from 1 to 5, where 1 represents a Strong Buy and 5 indicates a Strong Sell. The data utilized for this article is sourced from Zacks Investment Research via Quandl.com. For further insights, view the latest Zacks research report on HTZ — FREE.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
