Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Hertz Global Holdings Inc before investing.

In this article, we go over a few key elements for understanding Hertz Global Holdings Inc’s stock price such as:

• Hertz Global Holdings Inc’s current stock price and volume
• Why Hertz Global Holdings Inc’s stock price changed recently
• Upgrades and downgrades for HTZ from analysts
• HTZ’s stock price momentum as measured by its relative strength

About Hertz Global Holdings Inc (HTZ)

Before we jump into Hertz Global Holdings Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Hertz Global Holdings, Inc. is a holding company. The Company is engaged principally in the business of renting vehicles primarily through its Hertz, Dollar and Thrifty brands. The Company operates through two segments: Americas RAC and International RAC. Americas RAC segment provides rental of vehicles, well as sales of vehicles and value-added services, in the United States, Canada, Latin America and the Caribbean, and also has franchisees and partners that operate rental locations under its brands. The International RAC segment provides rental and leasing of vehicles, as well as sales of value-added services in locations other than the United States, Canada, Latin America and the Caribbean. It operates its vehicle rental business globally from approximately 11,600 Company-operated and franchisee locations across approximately 160 countries and jurisdictions, including North America, Europe, Latin America, Africa, Asia, Australia, the Caribbean, the Middle East and New Zealand.

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Hertz Global Holdings Inc’s Stock Price as of Market Close

As of February 05, 2024, 4:00 PM, CST, Hertz Global Holdings Inc’s stock price was $8.21.

Hertz Global Holdings Inc is down 5.63% from its previous closing price of $8.70.

During the last market session, Hertz Global Holdings Inc’s stock traded between $8.17 and $8.75. Currently, there are 311.00 million shares of Hertz Global Holdings Inc stock available for purchase.

Hertz Global Holdings Inc’s price-earnings (P/E) ratio is currently at 2.6, which is low compared to the Passenger Transportation, Ground & Sea industry median of 2.6. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Hertz Global Holdings Inc Stock Price History

Hertz Global Holdings Inc’s (HTZ) price is currently down 1.68% so far this month.

During the month of February, Hertz Global Holdings Inc’s stock price has reached a high of $8.75 and a low of $8.17.

Over the last year, Hertz Global Holdings Inc has hit prices as high as $20.48 and as low as $8.10. Year to date, Hertz Global Holdings Inc’s stock is down 46.65%.

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What Caused Hertz Global Holdings Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 02, 2024, there were 6 analysts who downgraded Hertz Global Holdings Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Hertz Global Holdings Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Hertz Global Holdings Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Hertz Global Holdings Inc’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Hertz Global Holdings Inc (HTZ) by visiting AAII Stock Evaluator.

Relative Price Strength of Hertz Global Holdings Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 02, 2024, Hertz Global Holdings Inc has a weighted four-quarter relative price strength of -19.01%, which translates to a Momentum Score of 19 and is considered to be Very Weak.

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Hertz Global Holdings Inc Stock Price: Bottom Line

As of February 5, 2024, Hertz Global Holdings Inc’s stock price is $8.21, which is down 5.63% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Hertz Global Holdings Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.