Key Takeaways:
- Hertz Global Holdings (HTZ, Financial) aims to enhance liquidity with a $500 million debt or equity offering.
- Analysts forecast a significant downside potential in HTZ stock, currently trading at $8.44.
- GuruFocus suggests a potential 131.16% upside, estimating the GF Value at $19.51.
Hertz Global Holdings (HTZ) is making strategic financial moves to improve its liquidity position amid managing a significant debt load of over $6 billion. As Bloomberg reports, the company is planning to raise $500 million through debt or equity offerings. This announcement has led to a 3% decrease in Hertz's stock value during after-hours and premarket trading, reflecting market volatility and investor sentiment.
Wall Street Analysts' Predictions
Within the next year, a panel of seven analysts has set a price target for Hertz Global Holdings Inc (HTZ, Financial) at an average of $3.31, with estimates ranging from a high of $4.45 to a low of $2.70. These figures suggest a potential downside of 60.82% from the current stock price of $8.44. For a comprehensive look at price estimates, visit the Hertz Global Holdings Inc (HTZ) Forecast page.
The consensus among 10 brokerage firms places Hertz Global Holdings Inc (HTZ, Financial) at an average recommendation rating of 3.4, indicating a "Hold" status on a scale where 1 represents a Strong Buy and 5 indicates a Sell. This suggests that the stock's current valuation reflects the mix of optimism and caution among market analysts.
GuruFocus Insights: GF Value Analysis
Based on GuruFocus' analysis, the projected GF Value for Hertz Global Holdings Inc (HTZ, Financial) stands at $19.51 a year from now, which translates to a significant upside potential of 131.16% from its current price of $8.44. The GF Value represents GuruFocus' fair value estimation, derived from historical trading multiples and anticipated future performance. For additional insights, explore the detailed data on the Hertz Global Holdings Inc (HTZ) Summary page.
