- Pershing Square Capital's significant investment in Hertz could signal strategic shifts.
- Current analyst forecasts indicate a potential downside, contrasting with a high GF Value estimate.
- Hertz continues to face challenges despite new optimism from influential investors.
Hertz (HTZ, Financial) shares recently experienced a remarkable jump following the announcement that Bill Ackman (Trades, Portfolio)’s Pershing Square Capital Management has acquired 12.7 million shares of the company. This substantial investment places Pershing Square as a key shareholder, sparking positive sentiments about prospective strategic changes that could be implemented under Ackman's direction. Despite this optimism, Hertz is still grappling with a notable decline in its share price over the past year.
Wall Street Analysts' Forecast
According to price targets from seven analysts over the next year, Hertz Global Holdings Inc (HTZ, Financial) has an average target price of $3.31. The estimates range from a high of $4.45 to a low of $2.70, suggesting a potential downside of 42.08% from its current trading price of $5.71. For further details on these estimates, please visit the Hertz Global Holdings Inc (HTZ) Forecast page.
Additionally, the consensus recommendation from 10 brokerage firms rates Hertz Global Holdings Inc (HTZ, Financial) at 3.4, which translates to a "Hold" status. The rating system ranges from 1, indicating a Strong Buy, to 5, indicating a Sell.
GuruFocus' GF Value Insight
In contrast to the analyst's price targets, GuruFocus estimates the one-year GF Value for Hertz Global Holdings Inc (HTZ, Financial) to be $19.51. This suggests a significant upside of 241.68% from the current price of $5.71. The GF Value is a proprietary calculation by GuruFocus of what the stock's fair value should be, considering historical trading multiples, past business growth, and future performance projections. For more comprehensive data, explore the Hertz Global Holdings Inc (HTZ) Summary page.
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