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Wednesday, September 30, 2020

Hertz Global Holdings Inc. (NYSE:HTZ) Finding Strong Support

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The Hertz Global Holdings Inc. (HTZ) shares are trading at higher $1.53 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $20.85 and the low is $0.40. Over the last 52 weeks, HTZ is down -92.66% while the S&P 500 is up 1.23%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HTZ reported a profit of $682.0 million. Hertz Global Holdings Inc. also saw revenues increase to $1.92 billion. In addition, HTZ has free cash flow of -$3.96 billion as of 03-2020. The company’s EBITDA came in at $595.0 million which compares well with its peers.

HTZ booked profit margins of -2.80%, its Return on Equity (ROE) is -17.90%, and its Return on Assets is -1.00%. All told, it is clear that, HTZ needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HTZ has a short ratio of 0.53 and outstanding shares of 142.00M.

Company Outlook

HTZ has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 17.95 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.75. Hertz Global Holdings Inc. HTZ also noted assets of $25.84 billion at the end of the last quarter. Investors should also keep an eye on sector updates as HTZ has historically followed its peers on positive news.

All told, Hertz Global Holdings Inc. HTZ has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HTZ represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Hertz Global Holdings Inc. HTZ is now commanding a market cap of 230.08M and a float of 141.73M. HTZ is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HTZ stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HTZ, either long or short, and we have not been compensated for this article.

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